Radiant Logistics (NYSEAMERICAN:RLGT) Issues Quarterly Earnings Results

Radiant Logistics (NYSEAMERICAN:RLGT) released its earnings results on Monday. The company reported $0.15 earnings per share for the quarter, beating the consensus estimate 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 Performance

RLGT traded up $0.08 on Monday, reaching $8.21. The stock had a trading volume of 750,871 shares, compared to its average volume of 150,888. Radiant Logistics has a 12-month low of $5.78 and a 12-month high of $9.68. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.11. The business’s 50-day moving average price is $8.71 and its two-hundred day moving average price is $8.31. The company has a market cap of $384.47 million, a P/E ratio of 24.15 and a beta of 0.82.

Analyst Ratings Changes

Several analysts have issued reports on RLGT shares. Citigroup began coverage on Radiant Logistics in a research report on Wednesday, July 15th. They set a “market perform” rating on the stock. Citizens Jmp assumed coverage on Radiant Logistics in a research note on Wednesday, July 15th. They set a “market perform” rating for the company. Finally, Lake Street Capital raised their price objective on Radiant Logistics from $10.00 to $12.00 and gave the company a “buy” rating in a research report on Monday, June 8th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on 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.