Radiant Logistics Inc (NYSEAMERICAN:RLGT) – Equities research analysts at Seaport Global Securities lifted their Q4 2018 earnings estimates for shares of Radiant Logistics in a report released on Friday. Seaport Global Securities analyst K. Sterling now anticipates that the company will post earnings per share of $0.13 for the quarter, up from their prior estimate of $0.12. Seaport Global Securities also issued estimates for Radiant Logistics’ Q4 2019 earnings at $0.12 EPS.

Separately, Zacks Investment Research upgraded shares of Radiant Logistics from a “hold” rating to a “buy” rating and set a $5.75 price objective for the company in a report on Wednesday, January 24th.

Radiant Logistics (NYSEAMERICAN:RLGT) opened at $3.87 on Monday. The stock has a market cap of $163.40, a P/E ratio of 64.50 and a beta of 0.56. Radiant Logistics has a fifty-two week low of $3.86 and a fifty-two week high of $6.65. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.31.

Radiant Logistics (NYSEAMERICAN:RLGT) last issued its quarterly earnings data on Thursday, February 8th. The company reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.02. The business had revenue of $206.70 million during the quarter, compared to analyst estimates of $208.32 million. Radiant Logistics had a net margin of 0.45% and a return on equity of 1.03%. The firm’s quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter last year, the business earned $0.11 EPS.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. CIBC Asset Management Inc bought a new position in Radiant Logistics during the 4th quarter worth approximately $138,000. First Trust Advisors LP bought a new position in Radiant Logistics during the 3rd quarter worth approximately $141,000. Voya Investment Management LLC raised its holdings in Radiant Logistics by 15.3% during the 2nd quarter. Voya Investment Management LLC now owns 27,418 shares of the company’s stock worth $148,000 after purchasing an additional 3,640 shares during the last quarter. Prudential Financial Inc. bought a new position in Radiant Logistics during the 2nd quarter worth approximately $153,000. Finally, The Manufacturers Life Insurance Company raised its holdings in Radiant Logistics by 1.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 31,970 shares of the company’s stock worth $172,000 after purchasing an additional 489 shares during the last quarter. Institutional investors and hedge funds own 39.47% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “Q4 2018 EPS Estimates for Radiant Logistics Inc Boosted by Analyst (RLGT)” was posted by TheOlympiaReport and is the property of of TheOlympiaReport. If you are reading this article on another domain, it was illegally copied and republished in violation of U.S. & international copyright laws. The legal version of this article can be accessed at https://theolympiareport.com/2018/02/12/q4-2018-eps-estimates-for-radiant-logistics-inc-boosted-by-analyst-rlgt.html.

Radiant Logistics Company Profile

Radiant Logistics, Inc operates as a third-party logistics company, providing multi-modal transportation and logistics services. The Company is organized in two geographic operating segments: United States and Canada. Its transportation services for both the United States and Canada segments are placed into categories of freight forwarding and freight brokerage services.

Earnings History and Estimates for Radiant Logistics (NYSEAMERICAN:RLGT)

Receive News & Ratings for Radiant Logistics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Radiant Logistics and related companies with MarketBeat.com's FREE daily email newsletter.