Radiant Logistics (RLGT) Issues Earnings Results, Beats Expectations By $0.02 EPS

Radiant Logistics (NYSEAMERICAN:RLGT) posted its quarterly earnings results on Thursday. The company reported $0.07 EPS for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.02, Briefing.com reports. Radiant Logistics had a net margin of 0.45% and a return on equity of 1.03%. The company had revenue of $206.70 million during the quarter, compared to analyst estimates of $208.32 million. During the same period in the prior year, the business posted $0.11 EPS. The firm’s revenue was up 3.9% compared to the same quarter last year.

Radiant Logistics (NYSEAMERICAN RLGT) traded down $0.10 during trading hours on Thursday, reaching $4.50. 144,896 shares of the company were exchanged, compared to its average volume of 128,374. Radiant Logistics has a 52 week low of $3.95 and a 52 week high of $6.65. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.31. The company has a market cap of $227.81, a price-to-earnings ratio of 113.25 and a beta of 0.56.

A hedge fund recently raised its stake in Radiant Logistics stock. The Manufacturers Life Insurance Company raised its stake in shares of Radiant Logistics Inc (NYSEAMERICAN:RLGT) by 1.6% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 31,970 shares of the company’s stock after purchasing an additional 489 shares during the quarter. The Manufacturers Life Insurance Company owned approximately 0.07% of Radiant Logistics worth $172,000 at the end of the most recent reporting period. 39.47% of the stock is owned by hedge funds and other institutional investors.

Separately, Zacks Investment Research upgraded shares of Radiant Logistics from a “sell” rating to a “hold” rating in a report on Thursday, October 19th.

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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.

Earnings History for Radiant Logistics (NYSEAMERICAN:RLGT)

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