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

Radiant Logistics (NYSEAMERICAN:RLGT) announced its quarterly earnings results 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 company had revenue of $279.79 million during the quarter, compared to analysts’ expectations of $246.25 million.

Radiant Logistics Price Performance

Shares of NYSEAMERICAN:RLGT traded up $0.25 during midday trading on Monday, reaching $9.14. 267,073 shares of the company’s stock traded hands, compared to its average volume of 174,230. The company has a fifty day simple moving average of $8.85 and a two-hundred day simple moving average of $8.30. Radiant Logistics has a 1 year low of $5.86 and a 1 year high of $10.20. The company has a market cap of $429.40 million, a P/E 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.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on RLGT. Citizens Jmp raised shares of Radiant Logistics from a “market perform” rating to an “outperform” rating and set a $10.00 target price for the company in a report on Tuesday, September 15th. Citigroup raised shares of 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.com, the company has an average rating of “Buy” and an average 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.