Radiant Logistics (NYSEAMERICAN:RLGT) Issues Quarterly Earnings Results, Beats Expectations By $0.09 EPS

Radiant Logistics (NYSEAMERICAN:RLGT) announced its quarterly earnings data on Monday. The company reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.09, FiscalAI reports. Radiant Logistics had a return on equity of 10.95% and a net margin of 2.01%. The firm had revenue of $279.79 million during the quarter, compared to analyst estimates of $246.25 million.

Radiant Logistics Stock Performance

Shares of NYSEAMERICAN RLGT traded up $0.25 during mid-day trading on Monday, hitting $9.14. The company had a trading volume of 267,425 shares, compared to its average volume of 174,276. The firm has a market cap of $429.40 million, a P/E ratio of 23.44 and a beta of 0.80. Radiant Logistics has a 12 month low of $5.86 and a 12 month high of $10.20. The business’s 50-day simple moving average is $8.85 and its 200-day simple moving average is $8.30. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.60 and a quick ratio of 1.60.

Analyst Ratings Changes

Several brokerages have recently issued reports on RLGT. Citizens Jmp raised shares of Radiant Logistics from a “market perform” rating to an “outperform” rating and set a $10.00 price target for the company in a report on Tuesday, September 15th. Citigroup raised Radiant Logistics from a “market perform” rating to an “outperform” rating in a report on Tuesday, September 15th. Four investment analysts have rated the stock with a Buy rating. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price 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.