Q4 2018 EPS Estimates for Radiant Logistics Inc Boosted by Analyst (RLGT)

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.

Separately, Zacks Investment Research raised shares of Radiant Logistics from a “hold” rating to a “buy” rating and set a $5.75 price objective on the stock in a research report on Wednesday, January 24th.

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.

TRADEMARK VIOLATION WARNING: This report was first reported by American Banking News and is owned by of American Banking News. If you are accessing this report on another domain, it was stolen and reposted in violation of U.S. & international copyright legislation. The legal version of this report can be read at https://www.americanbankingnews.com/2018/02/12/q4-2018-eps-estimates-for-radiant-logistics-inc-boosted-by-analyst-rlgt.html.

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.

Earnings History and Estimates for Radiant Logistics (NYSEAMERICAN:RLGT)

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

Leave a Reply