Radiant Logistics (RLGT) Issues Earnings Results

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

Radiant Logistics (RLGT) traded down $0.10 during trading hours on Thursday, hitting $4.50. 144,896 shares of the stock were exchanged, compared to its average volume of 128,374. The stock has a market cap of $227.81, a P/E ratio of 113.25 and a beta of 0.56. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.31. Radiant Logistics has a 12-month low of $3.95 and a 12-month high of $6.65.

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

Separately, Zacks Investment Research downgraded shares of Radiant Logistics from a “hold” rating to a “sell” rating in a research report on Wednesday, November 15th.

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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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