Rocket Companies (RKT) Expected to Announce Quarterly Earnings on Thursday

Rocket Companies (NYSE:RKT) is expected to be announcing its earnings results after the market closes on Thursday, February 27th. Analysts expect the company to announce earnings of $0.03 per share and revenue of $1.15 billion for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Rocket Companies Trading Down 1.0 %

NYSE RKT opened at $13.12 on Tuesday. The stock has a market cap of $26.16 billion, a PE ratio of -81.97 and a beta of 2.43. The company has a current ratio of 15.47, a quick ratio of 15.47 and a debt-to-equity ratio of 1.51. Rocket Companies has a 12 month low of $10.06 and a 12 month high of $21.38. The company’s 50-day moving average price is $11.93 and its 200-day moving average price is $15.25.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. UBS Group upgraded Rocket Companies from a “sell” rating to a “neutral” rating and lowered their price target for the company from $12.50 to $11.50 in a report on Friday, January 10th. Wedbush reaffirmed a “neutral” rating and set a $13.00 price target (down from $18.00) on shares of Rocket Companies in a research report on Wednesday, November 13th. The Goldman Sachs Group cut their price objective on shares of Rocket Companies from $16.00 to $14.00 and set a “neutral” rating on the stock in a report on Tuesday, January 7th. Piper Sandler lowered their target price on shares of Rocket Companies from $17.00 to $16.00 and set a “neutral” rating for the company in a research note on Thursday, November 14th. Finally, Barclays cut their target price on Rocket Companies from $14.00 to $13.00 and set an “underweight” rating on the stock in a research report on Wednesday, November 13th. Five analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. According to MarketBeat.com, Rocket Companies presently has an average rating of “Hold” and a consensus price target of $13.50.

About Rocket Companies

Rocket Companies, Inc, a fintech holding company, provides mortgage lending, title and settlement services, and other financial technology services in the United States and Canada. It operates through two segments, Direct to Consumer and Partner Network. The company’s solutions include Rocket Mortgage, a mortgage lender; Amrock that provides title insurance, property valuation, and settlement services; Rocket Homes, a home search platform and real estate agent referral network, which offers technology-enabled services to support the home buying and selling experience; and Rocket Loans, an online-based personal loans business.