Radiant Logistics (NYSEAMERICAN:RLGT) Issues Quarterly Earnings Results

Radiant Logistics (NYSEAMERICAN:RLGT) issued its earnings results on Monday. The company reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.09, FiscalAI reports. Radiant Logistics had a return on equity of 10.19% and a net margin of 1.81%.

Radiant Logistics Stock Up 1.0%

Radiant Logistics stock traded up $0.08 during mid-day trading on Monday, hitting $8.21. The company had a trading volume of 750,871 shares, compared to its average volume of 150,888. The stock has a market cap of $384.47 million, a price-to-earnings ratio of 24.15 and a beta of 0.82. Radiant Logistics has a 1 year low of $5.78 and a 1 year high of $9.68. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.11. The business has a fifty day moving average of $8.71 and a 200 day moving average of $8.31.

Analysts Set New Price Targets

RLGT has been the topic of several research analyst reports. Lake Street Capital boosted their price objective on shares of Radiant Logistics from $10.00 to $12.00 and gave the company a “buy” rating in a report on Monday, June 8th. Citizens Jmp began coverage on shares of Radiant Logistics in a research note on Wednesday, July 15th. They set a “market perform” rating for the company. Finally, Citigroup began coverage on shares of Radiant Logistics in a research report on Wednesday, July 15th. They set a “market perform” rating for the company. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $12.00.

About Radiant Logistics

Radiant Logistics, Inc is a third-party logistics company that provides transportation and supply chain management services to manufacturers, distributors, retailers and other commercial customers. The company operates an asset-light model, coordinating shipments through a network of company-operated locations and independent agents rather than relying primarily on its own transportation equipment.

Its services include domestic and international freight forwarding, truckload and less-than-truckload transportation, expedited shipping, air and ocean freight, customs-related services, warehousing and distribution.