Rocket Companies Stock Performance and Investment Insights

Rocket Companies, the parent company of Quicken Loans, has been a game-changer in the financial services industry.

The company's stock performance has been impressive, with a 5-year growth rate of 1,300%.

Rocket Companies has expanded its offerings to include Rocket Mortgage, Rocket Loans, and Rocket Auto, among others.

This diversification has helped the company stay afloat during economic downturns, such as the COVID-19 pandemic.

Rocket Companies' revenue has consistently increased over the years, with a 20% growth rate in 2020 alone.

The company's strong financials have made it an attractive investment opportunity for many investors.

Rocket Companies' financial performance has been a mixed bag in recent times. Their revenue growth has been declining on a year-over-year basis for 1 quarter in a row.

Let's take a closer look at their revenue numbers. In the most recent quarter, Rocket Companies reported revenues of $608.3 million.

Rocket Companies' revenue growth has been a concern in recent times. The company has seen its revenue fall on a year-over-year basis for one quarter in a row.

In the most recent quarter, Rocket Companies reported revenues of $608.3 million.

Rocket Companies has a share repurchase program in place, which can impact the share price and earnings per share.

This type of program usually results in a higher earnings per share when the share count drops.

Rocket Companies' earnings have been falling on a year-over-year basis for one quarter in a row.

In the most recent quarter, Rocket Companies reported earnings per share of -$0.19.

The financial health of Rocket Companies, Inc. is a crucial aspect to consider when evaluating the stock. Cash flow is a key indicator of a company's ability to generate profits.

In the most recent quarter, Rocket Companies reported a significant increase in cash flow, with $1.39 billion in cash generated in December 2023.

However, this was followed by a substantial decrease in March 2024, with a cash outflow of $3.01 billion.

A closer look at the cash flow statement reveals a fluctuating trend, with negative cash flows in June and September 2023, and a positive cash flow in December 2023.

Here's a breakdown of Rocket Companies' cash flow for the past year:

The company's debt to assets ratio also provides valuable insights into its financial health. As of March 2024, Rocket Companies had a debt to assets ratio of 61.25%, indicating a significant amount of debt relative to its assets.

This ratio has fluctuated throughout the year, ranging from 56.83% in December 2023 to 61.25% in March 2024.

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Managers at Inc are a diverse group with varying levels of experience. Varun Krishna, the CEO, is 43 years old and has been in the role since September 2023.

The CEO position has had some turnover, with William Emerson taking over in May 2023. He is 62 years old and has been with the company for a relatively short period.

Brian Brown is the Director of Finance and Chief Financial Officer, and he is 46 years old. He has been in this role since November 2022.

Expand your knowledge: Rocket Companies Ceo

Heather Lovier, the Chief Operating Officer, is 51 years old and has been with the company since June 2024.

Shawn Malhotra is the Chief Technology/Science/R&D Officer, but his age is not specified in the data. He has been in this role since May 2024.

Here is a list of the managers at Inc, along with their titles and ages:

Rocket Companies, Inc. (NYSE:RKT) has seen its profit margin fluctuate over time.

In June 2023, the company's profit margin was 0.62%. By September 2023, it had decreased to 0.53%.

The profit margin turned negative in December 2023, reaching -1.24%.

However, by March 2024, the company's profit margin had rebounded to 1.4%.

Here's a breakdown of Rocket Companies, Inc.'s profit margin for the given periods:

Cash Flow is a crucial aspect of any company's financial health. In the case of Rocket Companies, Inc. (NYSE:RKT), the cash flow has been quite volatile.

In June 2023, the company reported a cash outflow of $286.24 million.

Rocket Companies, Inc. experienced a significant turnaround in September 2023, with a cash inflow of $328.37 million.

By December 2023, the company's cash flow had increased to $1.39 billion.

However, in March 2024, the company's cash flow took a hit, with a net outflow of $3.01 billion.

Here's a breakdown of Rocket Companies, Inc.'s cash flow for the given periods:

This fluctuation in cash flow highlights the importance of monitoring and managing a company's finances closely.

Dividends are a crucial aspect of a company's financial health, and Rocket Companies, Inc. (NYSE:RKT) is no exception. The company's payout ratio is currently 0%, indicating that it doesn't pay out any dividends to its shareholders.

Rocket Companies, Inc. (NYSE:RKT) has a dividend yield that has been increasing over the years. In 2021, the dividend yield was 218.5%, and it rose to 233.73% in 2022.

It's worth noting that the dividend yield is a percentage representing the ratio of the annual dividend payment to the stock's current price. A high dividend yield can be attractive to investors, but it's essential to consider other factors before making an investment decision.

Here's a breakdown of Rocket Companies, Inc.'s (NYSE:RKT) dividend yield over the past few years:

Financial Statements are a vital part of any business's financial data. They provide a snapshot of a company's financial health at a particular point in time.

A Balance Sheet, for instance, lists a company's assets, liabilities, and equity, giving a clear picture of its financial position. It's like taking a photo of your bank account and debts - it shows what you have and what you owe.

A company's assets can include cash, accounts receivable, inventory, and property, plant, and equipment. These are all valuable resources that can be used to generate revenue.

The Statement of Cash Flows shows how a company's cash inflows and outflows changed over a specific period. This can help identify trends and patterns in a company's cash management.

Financial Statements are typically prepared quarterly and annually, providing a regular update on a company's financial progress.

Fair Value is a crucial aspect of financial analysis, and it's essential to understand what it means for investors.

According to the consensus of 12 analysts, Rocket Companies has 9.94% upside to fair value.

This means that if the stock price reaches its fair value, investors can expect a significant increase in value.

Rocket Companies' fair value is estimated to be $13.21 per share.

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Debt to Assets is a crucial financial metric that measures a company's debt burden relative to its total assets. It's a simple yet powerful indicator of a company's financial health.

Rocket Companies, Inc. (NYSE:RKT) has a significant debt burden, with a debt to assets ratio of 56.83% in December 2023, down from 59.89% in June 2023.

This means that for every dollar of assets, the company has approximately 56 cents of debt. This is a significant decrease from June 2023, indicating a slight improvement in the company's debt situation.

Here's a breakdown of Rocket Companies' debt to assets ratio over the past few quarters:

The debt to assets ratio has fluctuated over the past few quarters, but it's essential to note that a higher ratio can indicate a higher risk for investors.

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