Radiant Logistics Inc (NYSEAMERICAN:RLGT) – Investment analysts at Seaport Global Securities lifted their Q2 2019 EPS estimates for shares of Radiant Logistics in a report released on Monday. Seaport Global Securities analyst K. Sterling now forecasts that the company will post earnings per share of $0.10 for the quarter, up from their previous estimate of $0.09.
Separately, Zacks Investment Research upgraded shares of Radiant Logistics from a “hold” rating to a “buy” rating and set a $5.75 price objective on the stock in a research note on Wednesday.
Radiant Logistics (NYSEAMERICAN:RLGT) last released its quarterly earnings data on Thursday, November 9th. The company reported $0.05 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by ($0.03). The company had revenue of $198.00 million during the quarter, compared to analyst estimates of $210.37 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 1.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.08 EPS.
A number of institutional investors have recently added to or reduced their stakes in the business. First Trust Advisors LP acquired a new position in shares of Radiant Logistics during the 3rd quarter worth $141,000. Voya Investment Management LLC increased its stake in shares of 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. acquired a new position in shares of Radiant Logistics during the 2nd quarter worth $153,000. The Manufacturers Life Insurance Company increased its stake in shares of 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. Finally, Cornerstone Capital Management Holdings LLC. acquired a new position in shares of Radiant Logistics during the 2nd quarter worth $178,000. Hedge funds and other institutional investors own 39.47% of the company’s stock.
COPYRIGHT VIOLATION WARNING: “Seaport Global Securities Weighs in on Radiant Logistics Inc’s Q2 2019 Earnings (RLGT)” was originally reported by Community Financial News and is the sole property of of Community Financial News. If you are accessing this story on another domain, it was illegally stolen and reposted in violation of United States and international trademark and copyright legislation. The original version of this story can be accessed at https://www.com-unik.info/2018/01/26/seaport-global-securities-weighs-in-on-radiant-logistics-incs-q2-2019-earnings-rlgt.html.
About Radiant Logistics
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.
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.