Q1 Earnings Estimate for Rocket Companies Issued By Wedbush

Rocket Companies, Inc. (NYSE:RKT) – Investment analysts at Wedbush lowered their Q1 2025 earnings per share (EPS) estimates for shares of Rocket Companies in a note issued to investors on Wednesday, April 16th. Wedbush analyst J. Mccanless now expects that the company will earn $0.01 per share for the quarter, down from their prior estimate of $0.11. Wedbush currently has a “Outperform” rating and a $13.00 target price on the stock. The consensus estimate for Rocket Companies’ current full-year earnings is $0.15 per share. Wedbush also issued estimates for Rocket Companies’ FY2025 earnings at $0.31 EPS and FY2026 earnings at $0.64 EPS.

RKT has been the subject of several other reports. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $18.00 price objective on shares of Rocket Companies in a report on Tuesday, April 1st. UBS Group lowered their price target on Rocket Companies from $14.00 to $13.00 and set a “neutral” rating on the stock in a research report on Wednesday. Keefe, Bruyette & Woods boosted their price objective on Rocket Companies from $14.00 to $15.00 and gave the stock a “market perform” rating in a research report on Tuesday, April 8th. Deutsche Bank Aktiengesellschaft raised Rocket Companies from a “hold” rating to a “buy” rating and set a $16.00 target price on the stock in a report on Wednesday, April 2nd. Finally, Barclays upgraded Rocket Companies from an “underweight” rating to an “equal weight” rating and upped their price target for the stock from $10.00 to $14.00 in a report on Tuesday, April 8th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $14.38.

Rocket Companies Trading Down 1.4 %

Shares of RKT stock opened at $12.08 on Friday. Rocket Companies has a 12 month low of $10.06 and a 12 month high of $21.38. The company has a market cap of $24.11 billion, a PE ratio of -75.49 and a beta of 2.35. The company has a quick ratio of 15.47, a current ratio of 15.47 and a debt-to-equity ratio of 1.51. The business’s 50 day moving average is $13.48 and its two-hundred day moving average is $13.71.

Hedge Funds Weigh In On Rocket Companies

Hedge funds and other institutional investors have recently made changes to their positions in the business. Exchange Traded Concepts LLC acquired a new position in Rocket Companies in the first quarter worth about $214,000. Missouri Trust & Investment Co grew its position in Rocket Companies by 8.2% in the first quarter. Missouri Trust & Investment Co now owns 93,395 shares of the company’s stock valued at $1,127,000 after acquiring an additional 7,100 shares during the period. GAMMA Investing LLC raised its stake in Rocket Companies by 82.4% during the first quarter. GAMMA Investing LLC now owns 3,905 shares of the company’s stock worth $47,000 after acquiring an additional 1,764 shares in the last quarter. Harbor Capital Advisors Inc. acquired a new stake in shares of Rocket Companies in the 1st quarter valued at $583,000. Finally, Miracle Mile Advisors LLC bought a new stake in shares of Rocket Companies in the 1st quarter worth about $284,000. 4.59% of the stock is owned by institutional investors.

Rocket Companies Cuts Dividend

The firm also recently declared a dividend, which was paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th were issued a $0.80 dividend. The ex-dividend date of this dividend was Thursday, March 20th. Rocket Companies’s dividend payout ratio (DPR) is presently 801.25%.

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.