Radiant Logistics Inc (NYSEAMERICAN:RLGT) – Research analysts at Seaport Global Securities boosted their Q4 2018 earnings per share (EPS) estimates for Radiant Logistics in a research report issued to clients and investors on Friday. Seaport Global Securities analyst K. Sterling now anticipates that the company will earn $0.13 per share for the quarter, up from their prior forecast of $0.12. Seaport Global Securities also issued estimates for Radiant Logistics’ Q4 2019 earnings at $0.12 EPS.
Radiant Logistics (NYSEAMERICAN:RLGT) last posted its quarterly earnings results on Thursday, February 8th. The company reported $0.07 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.05 by $0.02. Radiant Logistics had a net margin of 0.45% and a return on equity of 1.03%. The firm had revenue of $206.70 million for the quarter, compared to analyst estimates of $208.32 million. During the same period in the prior year, the firm posted $0.11 earnings per share. The company’s quarterly revenue was up 3.9% compared to the same quarter last year.
Radiant Logistics (NYSEAMERICAN:RLGT) opened at $3.87 on Monday. The firm has a market cap of $163.40, a PE ratio of 64.50 and a beta of 0.56. Radiant Logistics has a 1 year low of $3.86 and a 1 year high of $6.65. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.18 and a quick ratio of 1.18.
Several hedge funds have recently added to or reduced their stakes in RLGT. Rhumbline Advisers grew its stake in shares of Radiant Logistics by 18.8% in the second quarter. Rhumbline Advisers now owns 38,377 shares of the company’s stock valued at $206,000 after acquiring an additional 6,080 shares in the last quarter. Prudential Financial Inc. acquired a new position in shares of Radiant Logistics in the second quarter valued at about $153,000. Wells Fargo & Company MN grew its stake in shares of Radiant Logistics by 15.3% in the second quarter. Wells Fargo & Company MN now owns 161,367 shares of the company’s stock valued at $868,000 after acquiring an additional 21,455 shares in the last quarter. Alliancebernstein L.P. acquired a new position in shares of Radiant Logistics in the second quarter valued at about $206,000. Finally, Teachers Advisors LLC grew its stake in shares of Radiant Logistics by 46.5% in the second quarter. Teachers Advisors LLC now owns 261,981 shares of the company’s stock valued at $1,409,000 after acquiring an additional 83,192 shares in the last quarter. Institutional investors and hedge funds own 39.47% of the company’s stock.
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Radiant Logistics Company Profile
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.
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