Rocket Companies (RKT) Scheduled to Post Quarterly Earnings on Tuesday

Rocket Companies (NYSE:RKT) is scheduled to be posting its quarterly earnings results after the market closes on Tuesday, November 12th. Analysts expect Rocket Companies to post earnings of $0.08 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Rocket Companies Price Performance

Rocket Companies stock opened at $15.87 on Monday. The company has a current ratio of 13.18, a quick ratio of 13.18 and a debt-to-equity ratio of 1.27. The company has a 50-day moving average price of $18.06 and a 200 day moving average price of $16.21. Rocket Companies has a 12-month low of $7.85 and a 12-month high of $21.38. The stock has a market cap of $31.57 billion, a P/E ratio of 226.75 and a beta of 2.46.

Wall Street Analyst Weigh In

Several research firms have issued reports on RKT. UBS Group raised their target price on Rocket Companies from $11.50 to $14.00 and gave the stock a “sell” rating in a research note on Monday, September 16th. Keefe, Bruyette & Woods raised shares of Rocket Companies from an “underperform” rating to a “market perform” rating in a research report on Monday, August 5th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Rocket Companies from $11.00 to $15.00 and gave the company a “hold” rating in a research report on Friday, August 2nd. JPMorgan Chase & Co. upped their price objective on shares of Rocket Companies from $15.00 to $19.00 and gave the stock an “underweight” rating in a report on Monday, October 7th. Finally, Barclays lifted their target price on shares of Rocket Companies from $10.00 to $14.00 and gave the company an “underweight” rating in a report on Tuesday, October 8th. Five research analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $15.15.

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.