Rocket Companies, Inc. (NYSE: RKT) – Stock research analysts at Jefferies Financial Group released their 2021 earnings per share (EPS) estimates for Rocket Companies shares in a report released on Tuesday January 11. Jefferies Financial Group analyst K. Joseph predicts the company will earn $ 2.21 per share for the year. Jefferies Financial Group also released estimates for Rocket Companies’ fourth quarter 2021 earnings at $ 0.37 per share, first quarter 2022 earnings at $ 0.37 per share, second quarter 2022 earnings at $ 0.37 per share. share, third quarter 2022 earnings at $ 0.36 per share, fourth quarter 2022 earnings at $ 0.36 per share, year 2022 earnings at $ 1.46 per share, 2023 first quarter earnings at 0, $ 36 per share, second quarter 2023 earnings at $ 0.35 EPS, third quarter 2023 earnings at $ 0.36 EPS, fourth quarter 2023 earnings at $ 0.35 EPS, and full year 2023 earnings at 1, $ 42 BPA.
Several other research companies have also weighed in on RKT recently. Piper Sandler lowered her price target on Rocket Companies from $ 19.00 to $ 18.00 in a research report published on Wednesday, January 5. Morgan Stanley lowered its price target on Rocket Companies from $ 19.00 to $ 15.00 and set an “equal weight” rating for the company in a Tuesday, November 30 research note. Wells Fargo & Company reduced its price target on Rocket Companies from $ 20.00 to $ 17.00 and set an “equal weight” rating on the stock in a report released on Thursday, December 16. Wedbush downgraded Rocket Companies from an “underperforming” rating to a “neutral” rating and set a target price of $ 14.00 on the stock in a report released on Monday, January 3. They noted that the move was an appraisal call. Finally, the Royal Bank of Canada reduced its price target on rocket companies from $ 24.00 to $ 21.00 and established a “sector performance” rating on the stock in a research note on Friday October 8. . They noted that the move was an appraisal call. One research analyst rated the stock with a sell rating, twelve issued a conservation rating, and another assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $ 18.73.
RKT stock opened at $ 14.29 on Thursday. The company has a market cap of $ 28.35 billion, a PE ratio of 4.61, a P / E / G ratio of 0.63, and a beta of 1.67. Rocket Companies has a one-year low of $ 13.69 and a one-year high of $ 43.00. The company has a current ratio of 24.49, a rapid ratio of 24.49 and a debt ratio of 2.38. The company has a 50-day moving average of $ 15.52 and a two-hundred-day moving average of $ 16.63. Rocket Companies (NYSE: RKT) last released its quarterly earnings data on Thursday, November 4. The company reported earnings per share of $ 0.57 for the quarter, beating the consensus estimate of $ 0.48 by $ 0.09. Rocket Companies had a net margin of 2.66% and a return on equity of 70.94%. The company posted revenue of $ 3.16 billion in the quarter, compared to a consensus estimate of $ 2.96 billion. In the same quarter of the previous year, the company posted earnings per share of $ 0.96. The company’s quarterly revenue is down 33.3% from the same quarter last year.
Several institutional investors have recently changed their holdings in RKT. Moors & Cabot Inc. purchased a new equity stake in Rocket Companies during the third quarter valued at approximately $ 31,000. Amundi took a new position in Rocket Companies in the second quarter for $ 51,000. Patriot Financial Group Insurance Agency LLC increased its stake in Rocket Companies by 111.6% in the third quarter. Patriot Financial Group Insurance Agency LLC now owns 3,640 shares of the company valued at $ 58,000 after purchasing an additional 1,920 shares in the last quarter. Macquarie Group Ltd. increased its stake in Rocket Companies by 70.5% in the second quarter. Macquarie Group Ltd. Now owns 3,818 shares of the company valued at $ 74,000 after purchasing an additional 1,579 shares in the last quarter. Finally, Nisa Investment Advisors LLC increased its stake in Rocket Companies by 1,566.7% in the third quarter. Nisa Investment Advisors LLC now owns 5,000 shares of the company valued at $ 80,000 after purchasing an additional 4,700 shares in the last quarter. Hedge funds and other institutional investors own 3.70% of the company’s shares.
About rocket companies
Rocket Companies, Inc operates in the technology-driven real estate, mortgage and e-commerce industries in the United States and Canada. It operates in two segments, Direct to Consumer and Partner Network. The company’s solutions include Rocket Mortgage, a mortgage lender; Amrock which provides title insurance, property valuation and settlement services; Rocket Homes, a home search platform and referral network of real estate agents, which offers technology services to support the home buying and selling experience; Rocket Auto, an automotive retail marketplace that provides centralized and virtual car sales support to national car rental and online car shopping platforms; and Rocket Loans, an online personal loan company.
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