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Rocket Companies Inc   (RKT)
Other Ticker:  
 
 
Price: $12.8700 $0.31 2.468%
Day's High: $12.88 Week Perf: 12.21 %
Day's Low: $ 12.22 30 Day Perf: 4.55 %
Volume (M): 2,186 52 Wk High: $ 15.19
Volume (M$): $ 28,131 52 Wk Avg: $9.84
Open: $12.48 52 Wk Low: $7.17



 Market Capitalization (Millions $) 1,331
 Shares Outstanding (Millions) 103
 Employees 24,000
 Revenues (TTM) (Millions $) 3,382
 Net Income (TTM) (Millions $) -390
 Cash Flow (TTM) (Millions $) 348
 Capital Exp. (TTM) (Millions $) 61

Rocket Companies Inc
Rocket Companies Inc is a publicly traded company specialized in the mortgage lending industry. The company was founded in 1985 under the name Rock Financial and was later renamed Quicken Loans. In August 2020, the company went public and changed its name to Rocket Companies Inc.

The company provides a wide range of mortgage products, including conventional mortgages, FHA loans, VA loans, jumbo loans, and adjustable-rate mortgages. Rocket Companies Inc also offers refinancing options for its customers.

One of Rocket Companies Inc's unique selling points is its digital platform, which allows customers to apply for mortgages and track their loan status online. The company's goal is to make the home buying process more accessible and efficient through technology.

Rocket Companies Inc is headquartered in Detroit, Michigan, and has over 20,000 employees across the United States. The company operates several subsidiary brands, including Rocket Mortgage, Rocket Homes, Rocket Loans, and Amrock, which provides title insurance and other real estate services.

Rocket Companies Inc has been recognized as one of the top mortgage lenders in the United States, with a market share of around 10%. In 2020, the company originated $320 billion in mortgages, making it the largest retail mortgage lender in the country. The company is also known for its innovative and tech-savvy approach to the industry.

The founder and chairman of Rocket Companies Inc is Dan Gilbert, who is also the founder and owner of several other companies, including the Cleveland Cavaliers NBA team. Gilbert has been credited with revitalizing downtown Detroit through his numerous business ventures and philanthropic efforts.

In summary, Rocket Companies Inc is a leading mortgage lender that leverages technology to provide a seamless and efficient homebuying experience for its customers. The company is backed by a strong leadership team and has a long history of success in the industry.


   Company Address: 1050 Woodward Avenue Detroit 48226 MI
   Company Phone Number: 373-7990   Stock Exchange / Ticker: NYSE RKT
   


   

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Rocket Companies Inc

Rocket Companies Inc Rockets to Success with $340.948 Million in Top-line Revenue



Rocket Companies Inc experienced significant growth in its shares over the past week and the course of the year, indicative of positive investor sentiment. The company's financial results for the period ending December 31, 2023, reveal a strong revenue increase while also highlighting a decrease in net deficit compared to the previous year. These figures, coupled with a rise in accounts receivable, point to rising demand and highlight Rocket Companies Inc's resilience within the Consumer Financial Services sector. This article will discuss the potential impact of these facts on the company's future performance.
1. Steady Share Price Growth
Rocket Companies Inc witnessed a 1.67% increase in share prices over the past week, reflecting favorable market sentiment. Moreover, the company's shares soared by an impressive 46.89% compared to the previous year. Currently, Rocket Companies Inc shares are trading 18.5% above their 52-week average on the New York Stock Exchange (NYSE). This positive trend suggests investors' confidence in the company's ability to deliver strong financial results going forward.

Rocket Companies Inc

Rocket Companies Inc. Forecasts High Demand for Consumer Financial Services over Three-Month Period, July to September 2023



Rocket Companies Inc, a prominent player in the Consumer Financial Services sector, has recently released its financial results for the July to September 30, 2023 period. The company's earnings per share (EPS) remained unchanged from the previous year, while its income and revenue experienced declination. This article aims to interpret these financial results and explore their potential impact on the company's future.
Revenue Slump and Income Fading:
Rocket Companies Inc witnessed a considerable decline in revenue, which fell by 20.686% to $1.27 billion compared to the same reporting period a year ago. Furthermore, the sequential revenue decreased by 6.712% from $1.36 billion. This slump in business is in stark contrast to the average revenue growth recorded by the Consumer Financial Services sector. While other companies in the sector experienced growth, Rocket Companies Inc struggled to maintain its revenue levels.

Rocket Companies Inc

Rocket Companies Inc Skyrockets to Record-Breaking Profits with a Whopping 150% Surge in Earnings Per Share

Rocket Companies Inc. is soaring to new heights, with a substantial increase in income per share and impressive net earnings growth. The firm's financial performance for the April to June 30, 2023 interval has been nothing short of remarkable.
During this period, Rocket Companies Inc. experienced a significant surge in income per share. The company's earnings per share rose by 150% to $0.05, compared to $0.02 in the same period last year. This growth is a clear reflection of the company's ability to generate substantial profits and create value for its shareholders.

Rocket Companies Inc

Rocket Companies Inc. Plummets Toward the Bottom with $748 Million Net Losses in Q1 2023

Rocket Companies Inc. - A tale of losses and challenges
Rocket Companies Inc, the parent company of Quicken Loans, recorded a cumulative net loss of $-748 million during the 12 months ending in the first quarter of 2023, resulting in a negative return on assets (ROA) of -2.72%. The company has had several challenges in recent times and its financial results reflect that.
While the news of losses is not something any company would like to hear, it's important to put Rocket Companies' performance into perspective. Within the financial sector, 527 other companies had a higher return on assets, indicating that it's not an unmitigated disaster. The overall ranking of Rocket Companies' ROA has advanced in the Mar 31 2023 quarter to 1853 from the total ROA ranking in the fourth quarter of 2022 at 1911.






 

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