RADIANT LOGISTI/SH SH (RLGT) Announces Earnings Results, Beats Estimates By $0.02 EPS
RADIANT LOGISTI/SH SH (NYSEAMERICAN:RLGT) announced its quarterly earnings data on Thursday. The company reported $0.11 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.09 by $0.02, Morningstar.com reports. The business had revenue of $218.88 million for the quarter, compared to analyst estimates of $238.48 million.
Shares of RLGT stock opened at $5.69 on Friday. RADIANT LOGISTI/SH SH has a 1-year low of $3.46 and a 1-year high of $6.09.
RLGT has been the topic of a number of recent analyst reports. Zacks Investment Research lowered RADIANT LOGISTI/SH SH from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 17th. TheStreet raised RADIANT LOGISTI/SH SH from a “c” rating to a “b-” rating in a report on Friday, September 21st. Finally, Loop Capital initiated coverage on RADIANT LOGISTI/SH SH in a report on Monday, October 1st. They set a “buy” rating and a $9.00 price objective on the stock.
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About RADIANT LOGISTI/SH SH
Radiant Logistics, Inc operates as a third-party logistics and multi-modal transportation services company primarily in the United States and Canada. The company offers domestic and international air and ocean freight forwarding services; and freight brokerage services, including truckload, less than truckload, and intermodal services.
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