MRC Global (MRC) Set to Announce Earnings on Friday
MRC Global (NYSE:MRC) is scheduled to be releasing its Q1 earnings data on Friday, May 2nd. Parties that are interested in registering for the company’s conference call can do so using this link.
MRC Global (NYSE:MRC) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.32 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.44 by $0.12. The company had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.34 billion. On average, analysts expect MRC Global to post $1.71 EPS for the current fiscal year and $2.07 EPS for the next fiscal year.
Shares of MRC Global (NYSE:MRC) opened at 29.19 on Thursday. MRC Global has a one year low of $23.15 and a one year high of $34.14. The stock has a 50-day moving average of $27.11 and a 200-day moving average of $28.98. The company has a market cap of $2.975 billion and a price-to-earnings ratio of 19.62.
A number of research firms have recently commented on MRC. Analysts at TheStreet upgraded shares of MRC Global from a “hold” rating to a “buy” rating in a research note on Tuesday, April 15th. On the ratings front, analysts at Zacks reiterated a “neutral” rating on shares of MRC Global in a research note on Friday, March 28th. They now have a $28.00 price target on the stock. Finally, analysts at Longbow Research upgraded shares of MRC Global from a “neutral” rating to a “buy” rating in a research note on Wednesday, March 12th. They now have a $34.00 price target on the stock. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $32.67.
MRC Global Inc, formerly known as McJunkin Red Man Holding Corporation is a holding company. The Company is the distributor of pipe, valves and fittings (NYSE:MRC) and related products and services to the energy industry.
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