Rocket Companies Inc (RKT) Q3 2024 Earnings Call Highlights: Surpassing Revenue Expectations ... [Yahoo! Finance]
Rocket Companies, Inc. Class A (RKT)
Company Research
Source: Yahoo! Finance
Net Rate Lock Volume: Increased by 43% year-over-year, reaching $30 billion. Adjusted EBITDA Margin: 22%, three times higher than Q3 of 2023. Adjusted Earnings Per Diluted Share: Loan Sale Margin: 278 basis points, roughly flat with the same period last year. Direct-to-Consumer Sold Loan Gain on Sale Margins: Over 400 basis points. Partner Network Margins: Approximately 150 basis points. Adjusted Net Income: $166 million. Mortgage Servicing Portfolio: 2.6 million loans with $546 billion of unpaid principal balance. Cash Revenue from Servicing Book: $374 million in the quarter, approximately $1.5 billion annualized. Available Cash: $3 billion, including $1.2 billion cash on the balance sheet and $1.8 billion corporate cash. Total Liquidity: Approximately $8.3 billion, including available cash plus undrawn lines of credit. Investment Grade Credit Rating: Fitch upgraded Rocket Mortgage to investment grade. Fourth Quarter Revenue Outlook: Expected to be in the ran
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RKT
News
- Today's Mortgage Rates | Rates May Remain Above 6% Next Year [Business Insider]Business Insider
- Today's Mortgage Rates | Rates Still Haven't Moved Much [Business Insider]Business Insider
- Today's Mortgage Rates | Rates Up as Investors Remain Uncertain About December Fed Cut [Business Insider]Business Insider
- Today's Mortgage Rates | Why Are Rates So Stubbornly High? [Business Insider]Business Insider
- Today's Mortgage Rates | What if the Fed Doesn't Cut Rates in December? [Business Insider]Business Insider
RKT
Earnings
- 11/12/24 - Miss
RKT
Sec Filings
- 11/14/24 - Form SC
- 11/12/24 - Form 8-K
- 11/12/24 - Form 10-Q
- RKT's page on the SEC website