For the next several quarters at least, Rocket Lab will presumably have little new to report other than a series of rocket launches, payload deployments, and -- hopefully -- a steady progression toward profitability. This week's excitement, however, is over -- and that is why the stock is going down. Rich Smith owns shares of Rocket Lab USA, Inc.
Full Answer
Is rocket companies'stock over or undervalued?
The P/E ratio of Rocket Companies is 3.95, which means that it is trading at a less expensive P/E ratio than the Business Services sector average P/E ratio of about 11.64. Rocket Companies has a PEG Ratio of 0.85. PEG Ratios below 1 indicate that a company could be undervalued. Rocket Companies has a P/B Ratio of 3.09.
When did rocket companies stock split?
Shares of Rocket Companies split on the morning of Thursday, August 28th 2014. The 2-1 split was announced on Monday, July 28th 2014. The newly minted shares were issued to shareholders after the market closes on Wednesday, August 27th 2014.
What is rocket companies'return on equity?
Rocket Companies had a net margin of 2.66% and a trailing twelve-month return on equity of 70.94%. The company's revenue was down 33.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.96 earnings per share. View Rocket Companies' earnings history. How often does Rocket Companies pay dividends?
What's happening with Rocket Lab stock?
And yet there has been quite a lot happening at Rocket Lab in the one month since it reported H1 2021 earnings, announcing that its sales have more than tripled since H1 2020, its backlog has doubled, and its gross margins have turned positive -- sending the shares up 37% in a day. Since that happy event, Rocket Lab has announced:
Is Rocket Companies a good buy?
Valuation metrics show that Rocket Companies, Inc. may be undervalued. Its Value Score of A indicates it would be a good pick for value investors. The financial health and growth prospects of RKT, demonstrate its potential to outperform the market.
Is RKT stock a buy?
According to the issued ratings of 14 analysts in the last year, the consensus rating for Rocket Companies stock is Hold based on the current 1 sell rating, 12 hold ratings and 1 buy rating for RKT.
Is Rocket Companies a buy or sell?
Rocket Companies has received a consensus rating of Hold. The company's average rating score is 2.08, and is based on 2 buy ratings, 10 hold ratings, and 1 sell rating.
What is wrong with rocket mortgage stock?
The problem facing Rocket is its dependence on its more profitable refinancing business which suffered as higher interest rates lowered demand and margins.
Is RKT overvalued?
Price to Book Ratio PB vs Industry: RKT is overvalued based on its Price-To-Book Ratio (1.7x) compared to the US Mortgage industry average (1x).
What is RKT price target?
Stock Price Forecast The 14 analysts offering 12-month price forecasts for Rocket Companies Inc have a median target of 9.00, with a high estimate of 11.00 and a low estimate of 7.00. The median estimate represents a +5.14% increase from the last price of 8.56.
Will RKT ever go up?
We rate shares of RKT as a buy with a price target of $17.50 for the year ahead representing a forward P/E of 15x on the current consensus 2022 EPS. We believe the company will ultimately outperform expectations, benefiting from a stronger than expected housing market and demand for mortgages overall.
Is RKT undervalued?
Over the past year, RKT's P/CF has been as high as 303.82 and as low as 5.12, with a median of 73.71. These are just a handful of the figures considered in Rocket Companies's great Value grade. Still, they help show that the stock is likely being undervalued at the moment.
Are rocket companies profitable?
Rocket's net income, or profit for 2021, was $6.1 billion, down from the record $9.4 billion of 2020. For just the fourth quarter, Rocket did $865 million in net income on about $2.6 billion in revenue, down from the third quarter's $1.4 billion in net income on $3.1 billion in revenue.
Does RKT pay a dividend?
Yes, RKT has paid a dividend within the past 12 months. What is ROCKET COMPANIES's Dividend Payment Date? ROCKET COMPANIES's last dividend payment date was on 2022-03-22, when ROCKET COMPANIES shareholders who owned RKT shares before 2022-03-07 received a dividend payment of $1.0100 per share.
Is Rocket mortgage profitable?
Detroit-based Rocket Companies, the parent of Rocket Mortgage, generated a whopping $1 billion profit in the first quarter, up from $865 million the previous quarter.
Is Rocket Companies a buy right now?
13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Rocket Companies in the last twelve months. There are currently 1 sell ra...
When is Rocket Companies' next earnings date?
Rocket Companies is scheduled to release its next quarterly earnings announcement on Thursday, August 11th 2022. View our earnings forecast for Ro...
How were Rocket Companies' earnings last quarter?
Rocket Companies, Inc. (NYSE:RKT) announced its quarterly earnings data on Tuesday, May, 10th. The company reported $0.12 earnings per share for th...
How often does Rocket Companies pay dividends? What is the dividend yield for Rocket Companies?
Rocket Companies declared a dividend on Thursday, February 24th. Investors of record on Tuesday, March 8th will be given a dividend of $1.01 per sh...
When did Rocket Companies' stock split? How did Rocket Companies' stock split work?
Shares of Rocket Companies split before market open on Thursday, August 28th 2014. The 2-1 split was announced on Monday, July 28th 2014. The newly...
What price target have analysts set for RKT?
13 brokerages have issued twelve-month price targets for Rocket Companies' stock. Their forecasts range from $7.00 to $23.00. On average, they anti...
Who are Rocket Companies' key executives?
Rocket Companies' management team includes the following people: Mr. Daniel B. Gilbert , Founder & Chairman (Age 60) Mr. Jay D. Farner , Vice C...
Who are some of Rocket Companies' key competitors?
Some companies that are related to Rocket Companies include PennyMac Financial Services (PFSI) , Home Point Capital (HMPT) , UWM (UWMC) , Ocwen...
What other stocks do shareholders of Rocket Companies own?
Based on aggregate information from My MarketBeat watchlists, some companies that other Rocket Companies investors own include Tesla (TSLA) , NVI...
What happened
Shares of Rocket Companies ( RKT -2.03% ) fell 16.6% Thursday, following the release of the mortgage giant's first-quarter results.
So what
Rocket's revenue soared 236% year over year to $4.6 billion. Its adjusted net income, meanwhile, surged 170% to $1.8 billion.
Now what
Investors, however, appeared to focus more on Rocket's guidance. Management expects closed loan volume of $82.5 billion to $87.5 billion, which would represent a sequential decline of roughly 18% at the midpoint.
The home mortgage lender has not been able to gain traction in a hot housing market
Dave mainly covers financial stocks, primarily banks and asset managers, and investment planning. He's covered mutual funds and institutional investments for Pensions & Investments, personal finance for S&P, and money markets and bonds for Crane Data. Dave has been a Fool since 2014.
What happened
Rocket Companies ( NYSE:RKT) had another rough month in July, dropping 10.9%, according to S&P Global Market Intelligence. The leading home mortgage lender in the U.S. was well off the benchmark, the S&P 500, which gained 2.3% in July. The mortgage company's stock price is down about 9% year to date as of Aug. 4, trading at about $17 per share.
So what
Rocket is the largest home mortgage lender in the U.S. by loan originations. It went public last August at $18 per share and is down slightly from that one year later. But it's been a bumpy ride as the stock spiked to over $40 per share in March only to come crashing back to earth in the ensuing months.
Now what
There are a few issues at play here that may be hurting Rocket. One is increased competition, particularly from United Wholesale Mortgage, the largest wholesale mortgage lender and fourth-largest overall.
About Rocket Companies
Rocket Companies, Inc. engages in the tech-driven real estate, mortgage, and eCommerce businesses in the United States and Canada. It operates in two segments, Direct to Consumer and Partner Network.
Rocket Companies (NYSE:RKT) Frequently Asked Questions
13 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Rocket Companies in the last twelve months. There are currently 11 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" Rocket Companies stock.
NASDAQ: RKLB
You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More
What happened
Shares of Rocket Lab USA ( RKLB -4.45% ) lost as much as 11.4% midweek, and were down more than 7% as of Thursday afternoon, as investors continue to ponder what to make of this latest new space stock. Rocket Lab shares nearly doubled, but then gave up most of those gains, in just six weeks on public markets, and more volatility is likely ahead.
So what
Rocket Lab went public in late August, and the shares shot up like, well, a rocket in September thanks to a positive update on its financials.
NASDAQ: RKLB
Rocket Lab's only news of the week was the company's completion of a deal to acquire aerospace engineering company Advanced Solutions. The deal should help Rocket Lab better compete for new launch business by diversifying its product offerings.
Now what
These are early days for Rocket Lab, and the company's $6 billion valuation even after the weekly decline is reason for pause. But there is a lot for long-term holders to like about this business.
Premium Investing Services
Invest better with the Motley Fool. Get stock recommendations, portfolio guidance, and more from the Motley Fool's premium services.
What happened
Rocket Lab USA ( RKLB -4.45% ) stock misfired Friday, its shares swinging wildly -- down 11% at the open, up 3% a little after 10 a.m., but now, at 11 a.m. EDT, back in the red again with a 5.9% loss.
So what
I know it's crazy, but it's also true: Rocket Lab released no earnings warning or other bad news today. Neither did any analysts downgrade the stock or even adjust price targets lower. There's literally nothing happening here today.
NASDAQ: RKLB
And yet there has been quite a lot happening at Rocket Lab in the one month since it reported H1 2021 earnings, announcing that its sales have more than tripled since H1 2020, its backlog has doubled, and its gross margins have turned positive -- sending the shares up 37% in a day. Since that happy event, Rocket Lab has announced:
Now what
Taken individually, none of these contracts are game changers for Rocket Lab (although a new medium-lift rocket might have that potential). Viewed as a whole, however, it's clear that Rocket Lab's business is moving along quite nicely.
Premium Investing Services
Invest better with the Motley Fool. Get stock recommendations, portfolio guidance, and more from the Motley Fool's premium services.
