Q4 2018 EPS Estimates for Radiant Logistics Inc Boosted by Analyst (RLGT)
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) 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.
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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.
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