MRC Global (MRC) to Release Earnings on Wednesday

MRC Global (NYSE:MRC) will post its quarterly earnings results after the market closes on Wednesday, May 8th. Analysts expect MRC Global to post earnings of $0.11 per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

MRC Global (NYSE:MRC) last issued its quarterly earnings data on Tuesday, February 13th. The oil and gas company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.11 by $0.12. MRC Global had a return on equity of 26.92% and a net margin of 3.34%. The company had revenue of $768.00 million during the quarter, compared to analyst estimates of $810.52 million. During the same quarter in the previous year, the company posted $0.32 earnings per share. MRC Global’s revenue was down 11.6% compared to the same quarter last year. On average, analysts expect MRC Global to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

MRC Global Stock Performance

Shares of MRC opened at $11.59 on Tuesday. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.48 and a quick ratio of 0.76. MRC Global has a one year low of $8.15 and a one year high of $13.00. The firm has a market capitalization of $978.08 million, a P/E ratio of 11.07 and a beta of 2.01. The business has a fifty day moving average of $12.10 and a 200 day moving average of $11.16.

Analyst Ratings Changes

Several brokerages recently commented on MRC. Stephens reaffirmed an “overweight” rating and issued a $17.00 price objective on shares of MRC Global in a report on Wednesday, February 14th. Susquehanna lifted their target price on MRC Global from $13.00 to $15.00 and gave the company a “positive” rating in a research report on Monday, April 8th. Four research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $15.33.

About MRC Global

MRC Global Inc, through its subsidiaries, distributes pipes, valves, fittings, and other infrastructure products and services in the United States, Canada, and internationally. It offers ball, butterfly, gate, globe, check, diaphragm, needle, and plug valves; other products, such as lined corrosion resistant piping systems, control valves, valve automation, and top work components; and valve modification services, including valve control extensions, welding, hydrotesting, painting, coating, x-raying, and actuation assembly.