Somewhat Favorable News Coverage Somewhat Unlikely to Affect Radiant Logistics (RLGT) Share Price

Media stories about Radiant Logistics (NASDAQ:RLGT) have trended somewhat positive recently, Accern Sentiment reports. Accern scores the sentiment of news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Radiant Logistics earned a news impact score of 0.11 on Accern’s scale. Accern also gave headlines about the company an impact score of 45.9518768360091 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

Shares of Radiant Logistics (RLGT) opened at 5.07 on Friday. The firm has a market capitalization of $247.55 million and a PE ratio of 87.41. The company’s 50-day moving average is $5.10 and its 200 day moving average is $5.34. Radiant Logistics has a 52-week low of $2.48 and a 52-week high of $6.65.

Radiant Logistics (NASDAQ:RLGT) last released its quarterly earnings data on Tuesday, September 12th. The company reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.04. The business had revenue of $201.80 million for the quarter, compared to analysts’ expectations of $187.91 million. Radiant Logistics had a negative return on equity of 3.34% and a negative net margin of 0.25%. Radiant Logistics’s quarterly revenue was up 10.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.06 earnings per share. Equities analysts expect that Radiant Logistics will post $0.27 earnings per share for the current fiscal year.

Several equities analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of Radiant Logistics from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 12th. Cowen and Company reissued a “buy” rating and issued a $7.00 price target on shares of Radiant Logistics in a research note on Thursday, September 7th.

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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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