Radiant Logistics (NYSEAMERICAN:RLGT) Announces Quarterly Earnings Results

Radiant Logistics (NYSEAMERICAN:RLGT) announced its earnings results on Monday. The company reported $0.18 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.09, FiscalAI reports. The business had revenue of $279.79 million during the quarter, compared to analysts’ expectations of $246.25 million. Radiant Logistics had a return on equity of 10.95% and a net margin of 2.01%.

Radiant Logistics Trading Up 2.8%

Shares of Radiant Logistics stock traded up $0.25 during trading hours on Monday, hitting $9.14. The company’s stock had a trading volume of 267,073 shares, compared to its average volume of 174,230. The stock has a market cap of $429.40 million, a price-to-earnings ratio of 23.44 and a beta of 0.80. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.60 and a current ratio of 1.60. Radiant Logistics has a twelve month low of $5.86 and a twelve month high of $10.20. The firm has a fifty day moving average of $8.85 and a 200-day moving average of $8.30.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Citizens Jmp raised Radiant Logistics from a “market perform” rating to an “outperform” rating and set a $10.00 price target on the stock in a research note on Tuesday, September 15th. Citigroup raised shares of Radiant Logistics from a “market perform” rating to an “outperform” rating in a research note on Tuesday, September 15th. Four equities research analysts have rated the stock with a Buy rating. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $11.00.

About Radiant Logistics

Radiant Logistics, Inc is a third-party logistics company that provides domestic and international transportation and supply-chain services. Its offerings include freight forwarding, truckload and less-than-truckload transportation, expedited shipping, air and ocean freight, warehousing, distribution, and related logistics management services.

The company operates an asset-light business model supported by a network of company-owned and independent operating locations. Radiant coordinates shipments for businesses across a range of industries, helping customers manage transportation, fulfillment, and other supply-chain requirements without maintaining extensive transportation infrastructure of their own.

Founded in 2001 and headquartered in Bellevue, Washington, Radiant serves customers throughout North America and supports international shipments through its global logistics network.