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Brokerages forecast that MRC Global Inc. (NYSE:MRC - Get Rating) will announce earnings per share (EPS) of $0.22 for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for MRC Global's earnings, with the lowest EPS estimate coming in at $0.20 and the highest estimate coming in at $0.23. MRC Global posted earnings of $0.08 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 175%. The business is scheduled to announce its next quarterly earnings report on Monday, January 1st.
According to Zacks, analysts expect that MRC Global will report full year earnings of $0.77 per share for the current year, with EPS estimates ranging from $0.72 to $0.81. For the next fiscal year, analysts anticipate that the firm will report earnings of $1.09 per share, with EPS estimates ranging from $1.01 to $1.17. Zacks' earnings per share averages are an average based on a survey of research firms that follow MRC Global.
MRC Global (NYSE:MRC - Get Rating) last posted its quarterly earnings data on Monday, May 9th. The oil and gas company reported $0.17 EPS for the quarter, meeting analysts' consensus estimates of $0.17. The business had revenue of $742.00 million for the quarter, compared to analyst estimates of $717.48 million. MRC Global had a positive return on equity of 14.63% and a negative net margin of 0.04%. The business's revenue for the quarter was up 21.8% compared to the same quarter last year. During the same quarter last year, the company earned ($0.07) earnings per share.
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A number of brokerages have issued reports on MRC. StockNews.com raised MRC Global from a "hold" rating to a "buy" rating in a research note on Saturday, May 21st. TheStreet raised MRC Global from a "d+" rating to a "c-" rating in a research note on Tuesday, March 15th. Four equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and an average target price of $10.92.
Shares of MRC traded up $0.17 during trading hours on Friday, reaching $11.36. 5,766 shares of the company traded hands, compared to its average volume of 806,557. 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 stock has a market capitalization of $948.37 million, a PE ratio of -49.43 and a beta of 2.03. MRC Global has a fifty-two week low of $6.38 and a fifty-two week high of $13.44. The stock has a fifty day simple moving average of $11.49 and a 200 day simple moving average of $9.42.
Several institutional investors have recently added to or reduced their stakes in the company. Teacher Retirement System of Texas raised its holdings in shares of MRC Global by 8.1% in the 1st quarter. Teacher Retirement System of Texas now owns 16,326 shares of the oil and gas company's stock worth $194,000 after purchasing an additional 1,218 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of MRC Global by 0.4% in the 1st 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. Winslow Asset Management Inc. raised its holdings in shares of MRC Global by 10.7% in the 1st quarter. Winslow Asset Management Inc. now owns 15,455 shares of the oil and gas company's stock worth $184,000 after purchasing an additional 1,500 shares during the period. California State Teachers Retirement System raised its holdings in shares of MRC Global by 1.9% in the 4th quarter. California State Teachers Retirement System now owns 110,192 shares of the oil and gas company's stock worth $758,000 after purchasing an additional 2,070 shares during the period. Finally, Cornercap Investment Counsel Inc. raised its holdings in shares of MRC Global by 2.1% in the 3rd quarter. Cornercap Investment Counsel Inc. now owns 123,677 shares of the oil and gas company's stock worth $908,000 after purchasing an additional 2,493 shares during the period. Institutional investors own 94.09% of the company's stock.
MRC Global Company Profile (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.
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