MRC Global Inc. (MRC) Set to Announce Earnings on Thursday
MRC Global Inc. (NYSE:MRC) is scheduled to be releasing its earnings data after the market closes on Thursday, August 3rd. Analysts expect MRC Global to post earnings of $0.03 per share for the quarter.
MRC Global (NYSE:MRC) last issued its quarterly earnings results on Thursday, May 4th. The oil and gas company reported $0.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.07. The company had revenue of $862 million for the quarter, compared to the consensus estimate of $798.38 million. MRC Global had a negative return on equity of 2.39% and a negative net margin of 2.21%. MRC Global’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.10) earnings per share. On average, analysts expect MRC Global to post $0.19 EPS for the current fiscal year and $0.62 EPS for the next fiscal year.
Shares of MRC Global Inc. (NYSE:MRC) traded down 0.43% during trading on Thursday, reaching $16.31. The company’s stock had a trading volume of 552,154 shares. The company has a 50 day moving average price of $16.67 and a 200 day moving average price of $18.70. The firm’s market capitalization is $1.54 billion. MRC Global Inc. has a 52 week low of $11.50 and a 52 week high of $22.52.
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A number of brokerages have weighed in on MRC. Wells Fargo & Company reaffirmed a “market perform” rating and issued a $17.00 price objective (down previously from $20.00) on shares of MRC Global in a report on Wednesday, July 12th. Stifel Nicolaus reaffirmed a “buy” rating on shares of MRC Global in a report on Friday, July 7th. ValuEngine lowered MRC Global from a “hold” rating to a “sell” rating in a report on Saturday, June 24th. Seaport Global Securities lowered MRC Global from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $25.00 to $17.00 in a report on Wednesday, June 21st. Finally, BidaskClub raised MRC Global from a “sell” rating to a “hold” rating in a report on Wednesday, June 14th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $20.22.
MRC Global Company Profile
MRC Global Inc is an industrial distributor of pipe, valves and fittings and related products and services to the energy industry. The Company’s segments include the U.S., Canada and International. Its U.S. segment includes the United States Eastern Region and Gulf Coast, and the United States Western Region.
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