rocket companies inc. - RKT

RKT

Close Chg Chg %
13.67 -0.06 -0.44%

Closed Market

13.61

-0.06 (0.44%)

Volume: 3.05M

Last Updated:

Nov 21, 2024, 3:59 PM EDT

Company Overview: rocket companies inc. - RKT

RKT Key Data

Open

$13.68

Day Range

13.56 - 14.03

52 Week Range

8.81 - 21.38

Market Cap

$2.00B

Shares Outstanding

145.84M

Public Float

134.67M

Beta

2.44

Rev. Per Employee

N/A

P/E Ratio

N/A

EPS

-$0.11

Yield

0.00%

Dividend

$1.01

EX-DIVIDEND DATE

Mar 7, 2022

SHORT INTEREST

N/A

AVERAGE VOLUME

3.69M

 

RKT Performance

1 Week
 
0.59%
 
1 Month
 
-16.02%
 
3 Months
 
-34.26%
 
1 Year
 
51.50%
 
5 Years
 
N/A
 

RKT Analyst Ratings

  • Sell
  • Under
  • Hold
  • Over
  • Buy
Number of Ratings 15
Full Ratings ➔

About rocket companies inc. - RKT

Rocket Cos., Inc. engages in the provision of a suite of services related to homeownership and other personal financial transactions. It operates through the following segments: Direct to Consumer and Partner Network. The Direct to Consumer segment consists of performance marketing and direct engagement through the Rocket Mortgage App. The Partner Network Segment focuses on partnerships with premier consumer-focused organizations, brokers and mortgage professionals who leverage the platform and scale to provide mortgage solutions to clients. The company was founded by Daniel Gilbert in 1985 and is headquartered in Detroit, MI.

RKT At a Glance

Rocket Cos., Inc.
1050 Woodward Avenue
Detroit, Michigan 48226-1906
Phone 1-313-373-7990 Revenue 3.61B
Industry Finance/Rental/Leasing Net Income -15,514,000.00
Sector Finance Employees 14,700
Fiscal Year-end 12 / 2024
View SEC Filings

RKT Valuation

P/E Current N/A
P/E Ratio (with extraordinary items) N/A
P/E Ratio (without extraordinary items) N/A
Price to Sales Ratio 7.934
Price to Book Ratio 3.147
Price to Cash Flow Ratio 259.932
Enterprise Value to EBITDA 664.909
Enterprise Value to Sales 12.389
Total Debt to Enterprise Value 0.214

RKT Efficiency

Revenue/Employee 245,884.83
Income Per Employee -1,055.374
Receivables Turnover 6.24
Total Asset Turnover 0.184

RKT Liquidity

Current Ratio N/A
Quick Ratio N/A
Cash Ratio N/A

RKT Profitability

Gross Margin 96.949
Operating Margin -1.188
Pretax Margin -11.147
Net Margin -0.429
Return on Assets -0.079
Return on Equity -2.582
Return on Total Capital -0.152
Return on Invested Capital -0.175

RKT Capital Structure

Total Debt to Total Equity 1,530.215
Total Debt to Total Capital 93.866
Total Debt to Total Assets 49.722
Long-Term Debt to Equity 1,266.817
Long-Term Debt to Total Capital 77.709
  • Income Statement
  • Balance Sheet
  • Cash Flow Statement

Annual Financials for Rocket Companies Inc. - RKT

Collapse All in section
All values USD millions. 2020 2021 2022 2023 5-year trend
Sales/Revenue
15.15B 10.00B 3.85B 3.61B
Sales Growth
+189.98% -33.99% -61.51% -6.10%
Cost of Goods Sold (COGS) incl D&A
74.32M 74.71M 94.02M 110.27M
COGS excluding D&A
- - - -
-
Depreciation & Amortization Expense
74.32M 74.71M 94.02M 110.27M
Depreciation
- - - -
-
Amortization of Intangibles
- - - -
-
COGS Growth
-89.62% +0.53% +25.84% +17.28%
Gross Income
15.08B 9.93B 3.76B 3.50B
Gross Income Growth
+234.39% -34.16% -62.17% -6.68%
Gross Profit Margin
+99.51% +99.25% +97.56% +96.95%
2020 2021 2022 2023 5-year trend
SG&A Expense
2.00B 2.43B 1.85B 1.54B
Research & Development
- - - -
-
Other SG&A
- - - -
-
SGA Growth
+28.79% +21.47% -23.88% -16.87%
Other Operating Expense
3.11B 816.18M 841.39M 2.01B
Unusual Expense
- - - -
-
EBIT after Unusual Expense
9.96B 6.68B 1.06B (42.92M)
Non Operating Income/Expense
- - - -
-
Non-Operating Interest Income
- - - -
-
Equity in Earnings of Affiliates
- - - -
-
Interest Expense
431.82M 491.89M 319.98M 359.97M
Interest Expense Growth
+215.54% +13.91% -34.95% +12.50%
Gross Interest Expense
431.82M 491.89M 319.98M 359.97M
Interest Capitalized
- - - -
-
Pretax Income
9.53B 6.18B 741.91M (402.90M)
Pretax Income Growth
+1,161.66% -35.11% -88.00% -154.31%
Pretax Margin
+62.91% +61.84% +19.27% -11.15%
Income Tax
132.38M 112.74M 41.98M (12.82M)
Income Tax - Current - Domestic
65.97M 64.14M 5.24M 4.55M
Income Tax - Current - Foreign
(120.00K) 276.00K 560.00K 410.00K
Income Tax - Deferred - Domestic
66.53M 48.38M 36.33M (17.72M)
Income Tax - Deferred - Foreign
- (66.00K) (156.00K) (63.00K)
Income Tax Credits
- - - -
-
Equity in Earnings of Affiliates
- - - -
-
Other After Tax Income (Expense)
- - 150.00K 22.00K
-
Consolidated Net Income
9.40B 6.07B 699.96M (390.08M)
Minority Interest Expense
9.20B 5.76B 653.51M (374.57M)
Net Income
197.95M 308.36M 46.44M (15.51M)
Net Income Growth
-73.66% +55.78% -84.94% -133.40%
Net Margin Growth
+1.31% +3.08% +1.21% -0.43%
Extraordinaries & Discontinued Operations
- - - -
-
Discontinued Operations
- - - -
-
Net Income After Extraordinaries
197.95M 308.36M 46.44M (15.51M)
Preferred Dividends
- - - -
-
Net Income Available to Common
197.95M 308.36M 46.44M (15.51M)
EPS (Basic)
1.7158 2.3615 0.3852 -0.1206
EPS (Basic) Growth
-73.66% +37.63% -83.69% -131.31%
Basic Shares Outstanding
115.37M 130.58M 120.58M 128.64M
EPS (Diluted)
1.7158 2.3225 0.279 -0.151
EPS (Diluted) Growth
-73.66% +35.36% -87.99% -154.12%
Diluted Shares Outstanding
115.37M 1.99B 1.97B 1.98B
EBITDA
10.04B 6.75B 1.16B 67.35M
EBITDA Growth
+767.18% -32.74% -82.88% -94.17%
EBITDA Margin
+66.25% +67.51% +30.03% +1.86%

Snapshot

Average Recommendation HOLD Average Target Price 17.115
Number of Ratings 15 Current Quarters Estimate 0.033
FY Report Date 12 / 2024 Current Year's Estimate 0.222
Last Quarter’s Earnings 0.08 Median PE on CY Estimate N/A
Year Ago Earnings -0.07 Next Fiscal Year Estimate 0.605
Median PE on Next FY Estimate N/A

Earnings Per Share

This Quarter Next Quarter This Fiscal Next Fiscal
# of Estimates 13 13 14 14
Mean Estimate 0.03 0.09 0.22 0.60
High Estimates 0.05 0.17 0.31 1.00
Low Estimate 0.01 0.05 0.20 0.43
Coefficient of Variance 33.52 39.91 12.40 23.24

Analysts Recommendations

Current 1 Month Ago 3 Months Ago
BUY 0 0 0
OVERWEIGHT 0 0 0
HOLD 12 11 10
UNDERWEIGHT 0 1 2
SELL 3 3 3
MEAN Hold Hold Underweight

Insider Actions for Rocket Companies Inc. - RKT

Date Name Shares Transaction Value
Sep 13, 2024 Noah Edwards Chief Accounting Officer 46,659 Payment of exercise price or tax liability by delivering/withholding secs incident to the receipt/exercise/vesting pursuant to Rule 16b-3 Non-derivative transaction at $19.31 per share 900,985.29
Jun 19, 2024 Matthew Rizik Director 705,186 Open market or private purchase of non-derivative security Non-derivative transaction at $14.62 per share 10,309,819.32
Jun 19, 2024 Matthew Rizik Director 705,486 Open market or private purchase of non-derivative security Non-derivative transaction at $14.54 per share 10,257,766.44
Jun 6, 2024 Matthew Rizik Director 703,125 Open market or private purchase of non-derivative security Non-derivative transaction at $14.35 per share 10,089,843.75
Mar 13, 2024 Brian Nicholas Brown Chief Fin. Officer & Treasurer 691,893 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00
Mar 13, 2024 Varun Krishna Chief Executive Officer; Director 780,252 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00
Mar 13, 2024 Tina V. John General Counsel & Secretary 258,771 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00

Rocket Companies Inc. in the News