MRC Global (MRC) Set to Announce Earnings on Wednesday

MRC Global (NYSE:MRC) is scheduled to be announcing its earnings results after the market closes on Wednesday, May 8th. Analysts expect the company to announce earnings of $0.11 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

MRC Global (NYSE:MRC) last announced its quarterly earnings results on Tuesday, February 13th. The oil and gas company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.12. MRC Global had a net margin of 3.34% and a return on equity of 26.92%. The company had revenue of $768.00 million for the quarter, compared to the consensus estimate of $810.52 million. During the same period in the previous year, the firm posted $0.32 EPS. MRC Global’s revenue for the quarter 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 Up 0.7 %

MRC opened at $11.51 on Monday. The company has a market capitalization of $971.33 million, a PE ratio of 11.07 and a beta of 2.01. The firm has a 50-day simple moving average of $12.10 and a two-hundred day simple moving average of $11.16. The company has a quick ratio of 0.76, a current ratio of 1.48 and a debt-to-equity ratio of 0.02. MRC Global has a 52 week low of $8.15 and a 52 week high of $13.00.

Analyst Ratings Changes

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

MRC Global Company Profile

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.