Radiant Logistics (NYSEAMERICAN:RLGT) Announces Earnings Results, Beats Estimates By $0.05 EPS

Radiant Logistics (NYSEAMERICAN:RLGT) issued its quarterly earnings results on Wednesday. The company reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.05, Yahoo Finance reports. The company had revenue of $232.23 million for the quarter. Radiant Logistics had a return on equity of 19.99% and a net margin of 2.02%.

Radiant Logistics Price Performance

NYSEAMERICAN RLGT opened at $6.06 on Friday. The firm has a 50 day moving average price of $5.89. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.52 and a current ratio of 1.52. The stock has a market capitalization of $288.33 million, a P/E ratio of 8.13 and a beta of 0.95. Radiant Logistics has a 1-year low of $4.93 and a 1-year high of $7.76.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on Radiant Logistics in a research report on Wednesday, August 23rd. They set a “buy” rating on the stock.

Institutional Investors Weigh In On Radiant Logistics

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Covestor Ltd acquired a new stake in shares of Radiant Logistics in the first quarter valued at $36,000. American Century Companies Inc. acquired a new stake in shares of Radiant Logistics in the fourth quarter valued at $57,000. Shay Capital LLC acquired a new stake in shares of Radiant Logistics in the first quarter valued at $64,000. UBS Group AG acquired a new stake in shares of Radiant Logistics in the fourth quarter valued at $68,000. Finally, Mackenzie Financial Corp acquired a new stake in shares of Radiant Logistics in the first quarter valued at $72,000. Institutional investors and hedge funds own 53.34% of the company’s stock.

About Radiant Logistics

Radiant Logistics, Inc, a third-party logistics company, provides technology-enabled global transportation and value-added logistics solutions primarily in the United States and Canada. It offers domestic, international air, and ocean freight forwarding services; and freight brokerage services, including truckload and intermodal services.