Equities analysts predict that Radiant Logistics Inc (NASDAQ:RLGT) will report $188.67 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Radiant Logistics’ earnings. The highest sales estimate is $191.93 million and the lowest is $185.41 million. Radiant Logistics reported sales of $183.62 million during the same quarter last year, which would suggest a positive year over year growth rate of 2.8%. The business is expected to announce its next quarterly earnings results on Tuesday, September 12th.

On average, analysts expect that Radiant Logistics will report full year sales of $188.67 million for the current year, with estimates ranging from $761.19 million to $767.71 million. For the next fiscal year, analysts forecast that the business will report sales of $811.38 million per share, with estimates ranging from $793.48 million to $829.29 million. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that follow Radiant Logistics.

Separately, Zacks Investment Research downgraded shares of Radiant Logistics from a “buy” rating to a “hold” rating in a report on Saturday, July 22nd.

Shares of Radiant Logistics (NASDAQ:RLGT) opened at 4.99 on Friday. Radiant Logistics has a 1-year low of $2.45 and a 1-year high of $6.65. The firm has a market cap of $242.40 million and a price-to-earnings ratio of 75.61. The company’s 50-day moving average is $4.79 and its 200 day moving average is $5.38.

TRADEMARK VIOLATION WARNING: This report was first posted by American Banking News and is the property of of American Banking News. If you are reading this report on another publication, it was stolen and reposted in violation of United States and international trademark and copyright law. The original version of this report can be viewed at https://www.americanbankingnews.com/2017/09/08/188-67-million-in-sales-expected-for-radiant-logistics-inc-rlgt-this-quarter.html.

A number of hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in Radiant Logistics by 18.1% during the 2nd quarter. Vanguard Group Inc. now owns 1,399,277 shares of the company’s stock valued at $7,528,000 after purchasing an additional 214,528 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Radiant Logistics by 43.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,288,236 shares of the company’s stock valued at $6,931,000 after purchasing an additional 389,620 shares during the last quarter. TIAA CREF Investment Management LLC lifted its holdings in Radiant Logistics by 129.9% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 802,855 shares of the company’s stock valued at $4,319,000 after purchasing an additional 453,611 shares during the last quarter. State Street Corp lifted its holdings in Radiant Logistics by 11.1% during the 2nd quarter. State Street Corp now owns 588,753 shares of the company’s stock valued at $3,167,000 after purchasing an additional 59,023 shares during the last quarter. Finally, Northern Trust Corp lifted its holdings in Radiant Logistics by 9.4% during the 2nd quarter. Northern Trust Corp now owns 420,435 shares of the company’s stock valued at $2,262,000 after purchasing an additional 36,280 shares during the last quarter.

About Radiant Logistics

Radiant Logistics, Inc operates as a third-party logistics company, providing multi-modal transportation and logistics services. The Company is organized in two geographic operating segments: United States and Canada. Its transportation services for both the United States and Canada segments are placed into categories of freight forwarding and freight brokerage services.

Get a free copy of the Zacks research report on Radiant Logistics (RLGT)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Radiant Logistics Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Radiant Logistics Inc and related companies with MarketBeat.com's FREE daily email newsletter.