Analysts Anticipate MRC Global Inc. (NYSE:MRC) to Announce $0.04 Earnings Per Share

Equities analysts expect MRC Global Inc. (NYSE:MRC) to report earnings per share of $0.04 for the current quarter, Zacks reports. Four analysts have provided estimates for MRC Global’s earnings, with the highest EPS estimate coming in at $0.06 and the lowest estimate coming in at $0.03. MRC Global posted earnings per share of ($0.10) during the same quarter last year, which would suggest a positive year over year growth rate of 140%. The company is scheduled to issue its next quarterly earnings report on Tuesday, July 27th.

On average, analysts expect that MRC Global will report full-year earnings of $0.12 per share for the current financial year, with EPS estimates ranging from $0.02 to $0.21. For the next year, analysts forecast that the firm will post earnings of $0.64 per share, with EPS estimates ranging from $0.33 to $1.10. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that that provide coverage for MRC Global.

MRC Global (NYSE:MRC) last issued its quarterly earnings data on Tuesday, April 27th. The oil and gas company reported ($0.07) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.09) by $0.02. MRC Global had a negative net margin of 10.67% and a positive return on equity of 0.62%.

Separately, JPMorgan Chase & Co. reissued a “neutral” rating and issued a $7.00 price target on shares of MRC Global in a report on Thursday, February 25th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. MRC Global presently has a consensus rating of “Buy” and an average price target of $7.25.

A number of hedge funds have recently bought and sold shares of the business. Thompson Siegel & Walmsley LLC grew its holdings in shares of MRC Global by 265.9% in the fourth quarter. Thompson Siegel & Walmsley LLC now owns 7,775 shares of the oil and gas company’s stock worth $52,000 after purchasing an additional 5,650 shares during the last quarter. Sawgrass Asset Management LLC purchased a new stake in shares of MRC Global during the fourth quarter valued at about $97,000. First Hawaiian Bank purchased a new stake in shares of MRC Global during the first quarter valued at about $135,000. Paloma Partners Management Co raised its position in shares of MRC Global by 22.1% in the 4th quarter. Paloma Partners Management Co now owns 16,047 shares of the oil and gas company’s stock valued at $107,000 after purchasing an additional 2,906 shares during the last quarter. Finally, ProShare Advisors LLC purchased a new position in shares of MRC Global in the 4th quarter valued at approximately $116,000. Institutional investors and hedge funds own 95.31% of the company’s stock.

MRC Global stock opened at $11.82 on Friday. The company has a market capitalization of $975.22 million, a P/E ratio of -3.05 and a beta of 2.55. The company has a quick ratio of 0.99, a current ratio of 2.38 and a debt-to-equity ratio of 1.17. The firm has a 50 day moving average price of $9.56 and a 200-day moving average price of $7.84. MRC Global has a twelve month low of $3.93 and a twelve month high of $12.11.

About MRC Global

MRC Global Inc, through its subsidiaries, distributes pipes, valves, fittings, and other infrastructure products and services to the energy industry 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, and valve modification services, as well as measurement, steam, and instrumentation products.

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