Radiant Logistics (NYSEAMERICAN:RLGT) Posts Earnings Results, Beats Estimates By $0.05 EPS

Radiant Logistics (NYSEAMERICAN:RLGT) announced its earnings results on Wednesday. The company reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.05, Yahoo Finance reports. Radiant Logistics had a return on equity of 19.91% and a net margin of 2.02%. The firm had revenue of $232.23 million for the quarter.

Radiant Logistics Stock Performance

NYSEAMERICAN RLGT opened at $5.95 on Friday. The company has a fifty day moving average price of $5.89. Radiant Logistics has a one year low of $4.93 and a one year high of $7.76. The company has a current ratio of 1.37, a quick ratio of 1.52 and a debt-to-equity ratio of 0.01. The firm has a market cap of $281.38 million, a P/E ratio of 7.40 and a beta of 0.95.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on Radiant Logistics in a research report on Wednesday, August 23rd. They set a “buy” rating on the stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in RLGT. Covestor Ltd acquired a new stake in shares of Radiant Logistics in the 1st quarter worth $36,000. American Century Companies Inc. acquired a new stake in shares of Radiant Logistics in the 4th quarter worth $57,000. Shay Capital LLC acquired a new stake in shares of Radiant Logistics in the 1st quarter worth $64,000. UBS Group AG acquired a new stake in shares of Radiant Logistics in the 4th quarter worth $68,000. Finally, Mackenzie Financial Corp acquired a new stake in shares of Radiant Logistics in the 1st quarter worth $72,000. 53.34% of the stock is owned by institutional investors and hedge funds.

About Radiant Logistics

Radiant Logistics, Inc, a third-party logistics company, provides technology-enabled global transportation and value-added logistics solutions primarily in the United States and Canada. It offers domestic, international air, and ocean freight forwarding services; and freight brokerage services, including truckload and intermodal services.