Radiant Logistics Inc (NYSEAMERICAN:RLGT) – Analysts at Seaport Global Securities lifted their Q4 2018 earnings per share estimates for 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 lowered Radiant Logistics from a “hold” rating to a “sell” rating in a research report on Wednesday, November 15th.
Radiant Logistics (NYSEAMERICAN:RLGT) last released its quarterly earnings results on Thursday, February 8th. The company reported $0.07 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.05 by $0.02. Radiant Logistics had a return on equity of 1.03% and a net margin of 0.45%. The company had revenue of $206.70 million for the quarter, compared to analyst estimates of $208.32 million. During the same period in the previous year, the company posted $0.11 earnings per share. The firm’s revenue was up 3.9% on a year-over-year basis.
A number of large investors have recently made changes to their positions in the business. The Manufacturers Life Insurance Company raised its stake in Radiant Logistics by 1.6% during the second quarter. The Manufacturers Life Insurance Company now owns 31,970 shares of the company’s stock valued at $172,000 after buying an additional 489 shares during the last quarter. Voya Investment Management LLC raised its stake in Radiant Logistics by 15.3% during the second quarter. Voya Investment Management LLC now owns 27,418 shares of the company’s stock valued at $148,000 after buying an additional 3,640 shares during the last quarter. Rhumbline Advisers raised its stake in Radiant Logistics by 18.8% during the second quarter. Rhumbline Advisers now owns 38,377 shares of the company’s stock valued at $206,000 after buying an additional 6,080 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in Radiant Logistics by 8.2% during the second quarter. Goldman Sachs Group Inc. now owns 88,298 shares of the company’s stock valued at $475,000 after buying an additional 6,699 shares during the last quarter. Finally, Cornerstone Capital Management Holdings LLC. raised its stake in Radiant Logistics by 33.5% during the third quarter. Cornerstone Capital Management Holdings LLC. now owns 44,200 shares of the company’s stock valued at $233,000 after buying an additional 11,100 shares during the last quarter. Institutional investors and hedge funds own 39.47% of the company’s stock.
COPYRIGHT VIOLATION WARNING: This piece was published by Chaffey Breeze and is owned by of Chaffey Breeze. If you are viewing this piece on another website, it was illegally copied and reposted in violation of United States and international copyright & trademark laws. The original version of this piece can be accessed at https://www.chaffeybreeze.com/2018/02/13/seaport-global-securities-weighs-in-on-radiant-logistics-incs-q4-2018-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.