Radiant Logistics (NYSEAMERICAN:RLGT) Releases Earnings Results, Beats Estimates By $0.03 EPS

Radiant Logistics (NYSEAMERICAN:RLGT) posted its earnings results on Thursday. The company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.03, Yahoo Finance reports. The firm had revenue of $206.03 million during the quarter. Radiant Logistics had a net margin of 0.73% and a return on equity of 10.70%.

Radiant Logistics Stock Performance

NYSEAMERICAN RLGT traded up $0.22 during trading on Friday, reaching $6.63. 314,809 shares of the company’s stock traded hands, compared to its average volume of 106,476. Radiant Logistics has a 12-month low of $4.83 and a 12-month high of $7.10. The company has a market capitalization of $311.61 million, a price-to-earnings ratio of 60.28 and a beta of 0.84.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Radiant Logistics from a “hold” rating to a “buy” rating in a report on Friday, August 30th.

About Radiant Logistics

Radiant Logistics, Inc, a third-party logistics company, provides technology-enabled global transportation and value-added logistics solutions primarily in the United States and Canada. The company offers domestic, international air, and ocean freight forwarding services; and freight brokerage services, including truckload and intermodal services.