Rocket Companies (NYSE:RKT) Posts Earnings Results, Misses Estimates By $0.24 EPS

Rocket Companies (NYSE:RKT) posted its earnings results on Thursday. The company reported ($0.21) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.24), Zacks reports. Rocket Companies had a positive return on equity of 2.86% and a negative net margin of 0.38%. Rocket Companies updated its Q1 2025 guidance to EPS.

Rocket Companies Price Performance

Rocket Companies stock traded down $0.23 during mid-day trading on Thursday, hitting $12.85. The stock had a trading volume of 4,747,800 shares, compared to its average volume of 3,314,909. The firm has a market capitalization of $25.62 billion, a P/E ratio of -80.29 and a beta of 2.43. The firm’s 50 day moving average is $11.99 and its 200 day moving average is $15.21. 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 one year low of $10.06 and a one year high of $21.38.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Royal Bank of Canada cut their target price on Rocket Companies from $20.00 to $18.00 and set a “sector perform” rating on the stock in a research note on Wednesday, November 13th. Piper Sandler lowered their price target on Rocket Companies from $17.00 to $16.00 and set a “neutral” rating on the stock in a research report on Thursday, November 14th. JPMorgan Chase & Co. cut their target price on shares of Rocket Companies from $14.00 to $10.50 and set an “underweight” rating for the company in a research note on Tuesday, January 14th. The Goldman Sachs Group reduced their price target on Rocket Companies from $16.00 to $14.00 and set a “neutral” rating for the company in a research note on Tuesday, January 7th. Finally, Morgan Stanley lowered their target price on shares of Rocket Companies from $16.00 to $13.00 and set an “equal weight” rating on the stock in a report on Thursday, December 19th. Five investment analysts have rated the stock with a sell rating and eight have given a hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price 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.