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MRC Global (NYSE:MRC - Get Rating) is scheduled to issue its quarterly earnings data after the market closes on Monday, August 8th. Analysts expect the company to announce earnings of $0.22 per share for the quarter. MRC Global has set its FY 2022 guidance at EPS.Parties interested in registering for the company's conference call can do so using this link.
MRC Global (NYSE:MRC - Get Rating) last released its earnings results on Monday, May 9th. The oil and gas company reported $0.17 EPS for the quarter, hitting analysts' consensus estimates of $0.17. MRC Global had a positive return on equity of 14.63% and a negative net margin of 0.04%. The company had revenue of $742.00 million for the quarter, compared to the consensus estimate of $717.48 million. During the same quarter last year, the business posted ($0.07) EPS. MRC Global's quarterly revenue was up 21.8% 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 Trading Up 2.9 %
NYSE:MRC opened at $11.62 on Monday. The company has a quick ratio of 0.98, a current ratio of 1.93 and a debt-to-equity ratio of 0.88. The business's 50 day moving average is $10.50 and its two-hundred day moving average is $10.41. MRC Global has a 52 week low of $6.38 and a 52 week high of $13.44. The company has a market cap of $970.07 million, a PE ratio of -50.52 and a beta of 1.98. Wall Street Analyst Weigh In
Several brokerages recently issued reports on MRC. StockNews.com raised MRC Global from a "hold" rating to a "buy" rating in a report on Wednesday, June 8th. Stifel Nicolaus raised their target price on MRC Global from $14.00 to $16.00 in a research report on Friday, July 8th. Finally, Benchmark assumed coverage on MRC Global in a research report on Thursday, July 7th. They set a "buy" rating and a $14.00 price target on the stock. Four analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $13.50.Hedge Funds Weigh In On MRC Global
A number of institutional investors have recently made changes to their positions in the business. Bank of New York Mellon Corp increased its stake in shares of MRC Global by 0.4% in the first quarter. Bank of New York Mellon Corp now owns 337,546 shares of the oil and gas company's stock worth $4,020,000 after purchasing an additional 1,473 shares during the period. Guggenheim Capital LLC boosted its holdings in MRC Global by 18.1% during the first quarter. Guggenheim Capital LLC now owns 47,272 shares of the oil and gas company's stock valued at $563,000 after purchasing an additional 7,249 shares in the last quarter. Lazard Asset Management LLC acquired a new stake in MRC Global during the first quarter valued at approximately $96,000. Point72 Hong Kong Ltd acquired a new stake in MRC Global during the first quarter valued at approximately $107,000. Finally, Raymond James & Associates boosted its holdings in MRC Global by 63.4% during the first quarter. Raymond James & Associates now owns 30,327 shares of the oil and gas company's stock valued at $361,000 after purchasing an additional 11,764 shares in the last quarter. 94.09% of the stock is currently owned by institutional investors. About MRC Global (Get Rating)
MRC Global Inc, through its subsidiaries, distributes pipes, valves, fittings, and other infrastructure products and services to the energy, industrial, and gas utility end-markets in the United States, Canada, and internationally. It offers ball, butterfly, gate, globe, check, diaphragm, needle, and plug valves; and other products, such as lined corrosion resistant piping systems, control valves, valve automation, and top work components, as well as valve modification services; and measurement, steam, and instrumentation products.Recommended StoriesGet a free copy of the StockNews.com research report on MRC Global (MRC)Elon Musk is Out, But Should You Be In Twitter Stock?3 Earnings Announcements That Could SurpriseTwitter's Up For Third Week In A Row: What's Next For The Stock? MarketBeat: Week in Review 7/25 – 7/29Procter's Earnings Start To Show Weakness In Q4
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