Radiant Logistics (RLGT) Getting Somewhat Positive Press Coverage, Report Shows
Headlines about Radiant Logistics (NASDAQ:RLGT) have trended somewhat positive this week, according to Accern. The research group identifies negative and positive media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Radiant Logistics earned a coverage optimism score of 0.11 on Accern’s scale. Accern also assigned media stories about the company an impact score of 46.8588677774094 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
A number of equities research analysts recently issued reports on the company. Cowen and Company reissued a “buy” rating and set a $7.00 price target on shares of Radiant Logistics in a research report on Thursday, September 7th. Zacks Investment Research raised Radiant Logistics from a “hold” rating to a “buy” rating and set a $6.00 price target on the stock in a research report on Wednesday, July 19th.
Radiant Logistics (NASDAQ:RLGT) last issued its earnings results on Tuesday, September 12th. The company reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.04. Radiant Logistics had a net margin of 0.51% and a return on equity of 1.28%. The business had revenue of $201.80 million for the quarter, compared to analysts’ expectations of $187.91 million. During the same quarter in the previous year, the firm posted $0.06 EPS. The business’s revenue for the quarter was up 10.6% compared to the same quarter last year.
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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.
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