MRC Global (MRC) Expected to Announce Earnings on Monday

MRC Global (NYSE:MRC) is anticipated to announce its earnings results after the market closes on Monday, March 3rd. Analysts expect the company to announce earnings of $0.13 per share and revenue of $726.90 million for the quarter.

MRC Global Trading Up 0.3 %

Shares of NYSE:MRC opened at $12.18 on Friday. MRC Global has a 52-week low of $11.09 and a 52-week high of $15.41. The stock has a market cap of $1.04 billion, a price-to-earnings ratio of 14.00 and a beta of 1.97. The company has a quick ratio of 1.11, a current ratio of 1.99 and a debt-to-equity ratio of 0.15. The business has a 50-day moving average price of $13.45 and a 200-day moving average price of $13.09.

MRC Global declared that its Board of Directors has initiated a stock repurchase program on Friday, January 3rd that permits the company to repurchase $125.00 million in shares. This repurchase authorization permits the oil and gas company to repurchase up to 11% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

Analyst Ratings Changes

Several research analysts have recently issued reports on MRC shares. Susquehanna raised their price objective on MRC Global from $16.00 to $17.00 and gave the stock a “positive” rating in a research note on Thursday, November 7th. StockNews.com cut MRC Global from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 9th.

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.