$0.08 EPS Expected for MRC Global (MRC) This Quarter

Wall Street brokerages expect that MRC Global (NYSE:MRC) will report earnings of $0.08 per share for the current fiscal quarter, Zacks Investment Research reports. Six analysts have provided estimates for MRC Global’s earnings. The lowest EPS estimate is $0.04 and the highest is $0.13. The company is expected to report its next earnings report after the market closes on Wednesday, May 2nd.

On average, analysts expect that MRC Global will report full-year earnings of $0.71 per share for the current fiscal year, with EPS estimates ranging from $0.56 to $0.86. For the next financial year, analysts anticipate that the company will report earnings of $1.10 per share, with EPS estimates ranging from $0.98 to $1.19. Zacks’ EPS averages are an average based on a survey of research firms that that provide coverage for MRC Global.

MRC Global (NYSE:MRC) last posted its earnings results on Thursday, February 15th. The oil and gas company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.06). MRC Global had a net margin of 1.37% and a return on equity of 3.54%. The company had revenue of $903.00 million during the quarter, compared to analysts’ expectations of $907.63 million. During the same period in the previous year, the company posted ($0.18) EPS. MRC Global’s quarterly revenue was up 25.6% compared to the same quarter last year.

MRC has been the subject of several analyst reports. Stephens set a $24.00 price target on MRC Global and gave the company a “buy” rating in a report on Saturday, February 17th. ValuEngine downgraded MRC Global from a “hold” rating to a “sell” rating in a report on Friday, February 2nd. Stifel Nicolaus reiterated a “buy” rating and issued a $22.00 price target (up from $18.00) on shares of MRC Global in a report on Tuesday, January 16th. Zacks Investment Research upgraded MRC Global from a “sell” rating to a “hold” rating in a report on Wednesday, January 31st. Finally, Alembic Global Advisors reiterated a “buy” rating on shares of MRC Global in a report on Friday, January 19th. One analyst has rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $20.67.

In other news, CEO Andrew R. Lane sold 293,154 shares of the company’s stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $19.00, for a total transaction of $5,569,926.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Barbara J. Duganier sold 3,000 shares of the company’s stock in a transaction on Tuesday, March 6th. The stock was sold at an average price of $17.49, for a total value of $52,470.00. Following the sale, the director now owns 21,262 shares of the company’s stock, valued at $371,872.38. The disclosure for this sale can be found here. Corporate insiders own 7.00% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the company. Mackenzie Financial Corp increased its holdings in shares of MRC Global by 10.0% during the 4th quarter. Mackenzie Financial Corp now owns 976,000 shares of the oil and gas company’s stock worth $16,514,000 after buying an additional 89,000 shares during the last quarter. Koch Industries Inc. acquired a new stake in MRC Global in the 4th quarter valued at $217,000. UBS Asset Management Americas Inc. increased its holdings in MRC Global by 13.1% in the 4th quarter. UBS Asset Management Americas Inc. now owns 93,012 shares of the oil and gas company’s stock valued at $1,574,000 after purchasing an additional 10,778 shares in the last quarter. Deutsche Bank AG increased its holdings in MRC Global by 86.7% in the 4th quarter. Deutsche Bank AG now owns 706,074 shares of the oil and gas company’s stock valued at $11,945,000 after purchasing an additional 327,880 shares in the last quarter. Finally, Thrivent Financial For Lutherans increased its holdings in MRC Global by 58.5% in the 4th quarter. Thrivent Financial For Lutherans now owns 2,276,750 shares of the oil and gas company’s stock valued at $38,523,000 after purchasing an additional 840,210 shares in the last quarter. Institutional investors and hedge funds own 98.43% of the company’s stock.

MRC stock opened at $18.33 on Friday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.10 and a current ratio of 2.35. The company has a market capitalization of $1,674.41, a P/E ratio of 611.00, a P/E/G ratio of 1.71 and a beta of 1.49. MRC Global has a 1 year low of $14.01 and a 1 year high of $20.77.

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About MRC Global

MRC Global Inc, through its subsidiaries, distributes pipes, valves, fittings, and related products and services to the energy industry in the United States, Canada, and internationally. The company supplies products across various markets, such as upstream, midstream, and downstream. 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 products, and top work components, as well as measurement, steam, and instrumentation products.

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Earnings History and Estimates for MRC Global (NYSE:MRC)

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