Relx (NYSE:RELX) Issues Earnings Results, Beats Expectations By $44.55 EPS

Relx (NYSE:RELXGet Free Report) released its quarterly earnings results on Wednesday. The technology company reported $45.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $44.55, FiscalAI reports. The company had revenue of $3.23 billion during the quarter, compared to the consensus estimate of $6.54 billion.

Relx Stock Down 0.4%

RELX stock traded down $0.12 during trading on Thursday, hitting $32.62. The company had a trading volume of 2,705,882 shares, compared to its average volume of 3,372,763. The firm has a 50-day moving average price of $32.79 and a 200-day moving average price of $34.28. Relx has a 1-year low of $27.57 and a 1-year high of $54.02. The company has a debt-to-equity ratio of 2.38, a quick ratio of 0.44 and a current ratio of 0.49.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Citigroup upgraded shares of Relx from a “neutral” rating to a “buy” rating in a research note on Wednesday, April 8th. Morgan Stanley downgraded shares of Relx from an “overweight” rating to an “equal weight” rating in a research note on Thursday, May 7th. Wall Street Zen lowered Relx from a “buy” rating to a “hold” rating in a report on Sunday, May 17th. The Goldman Sachs Group assumed coverage on shares of Relx in a research report on Wednesday, June 3rd. They set a “buy” rating for the company. Finally, Weiss Ratings upgraded Relx from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, July 6th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Check Out Our Latest Stock Analysis on Relx

Institutional Investors Weigh In On Relx

Large investors have recently bought and sold shares of the stock. Transamerica Financial Advisors LLC increased its position in Relx by 3,040.0% during the fourth quarter. Transamerica Financial Advisors LLC now owns 785 shares of the technology company’s stock worth $32,000 after purchasing an additional 760 shares during the last quarter. Measured Wealth Private Client Group LLC acquired a new position in shares of Relx in the 3rd quarter valued at about $72,000. Horizon Investments LLC boosted its position in Relx by 23.0% during the 3rd quarter. Horizon Investments LLC now owns 1,517 shares of the technology company’s stock valued at $72,000 after purchasing an additional 284 shares during the period. Brown Brothers Harriman & Co. grew its holdings in Relx by 66.4% in the 4th quarter. Brown Brothers Harriman & Co. now owns 2,410 shares of the technology company’s stock worth $97,000 after buying an additional 962 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of Relx in the 4th quarter worth approximately $114,000. Institutional investors and hedge funds own 15.02% of the company’s stock.

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About Relx

(Get Free Report)

RELX plc is a global provider of information, analytics and decision tools for professional and business customers. The company supplies content, data and analytical services that support decision-making across scientific, technical and medical research, legal and regulatory practice, and risk and business analytics. RELX’s offerings are largely delivered via digital platforms and subscription services designed for institutions, corporations and professionals who require specialized, high-value information and workflow solutions.

RELX operates through distinct business lines that include Elsevier, which provides scientific, technical and medical journals, books and online platforms such as research and discovery tools; Legal and Professional services, which deliver legal, regulatory and compliance content and workflow solutions; Risk & Business Analytics, which offers data, analytics and decision tools for insurance, banking, corporate and government risk assessment; and Exhibitions, which organizes industry trade shows and events.

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