Brokerages expect that MRC Global Inc (NYSE:MRC) will report earnings per share (EPS) of $0.25 for the current fiscal quarter, Zacks Investment Research reports. Eight analysts have made estimates for MRC Global’s earnings, with the lowest EPS estimate coming in at $0.20 and the highest estimate coming in at $0.33. MRC Global reported earnings per share of $0.02 in the same quarter last year, which would suggest a positive year-over-year growth rate of 1,150%. The business is expected to report its next quarterly earnings results on Thursday, November 1st.

According to Zacks, analysts expect that MRC Global will report full year earnings of $0.70 per share for the current fiscal year, with EPS estimates ranging from $0.62 to $0.87. For the next year, analysts anticipate that the business will post earnings of $1.23 per share, with EPS estimates ranging from $1.08 to $1.48. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that that provide coverage for MRC Global.

MRC Global (NYSE:MRC) last issued its quarterly earnings results on Wednesday, August 1st. The oil and gas company reported $0.18 EPS for the quarter, missing the Zacks’ consensus estimate of $0.22 by ($0.04). MRC Global had a return on equity of 7.00% and a net margin of 1.97%. The company had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same period in the previous year, the company earned $0.02 EPS. MRC Global’s quarterly revenue was up 17.4% on a year-over-year basis.

Several equities research analysts have weighed in on the stock. Stifel Nicolaus increased their price target on shares of MRC Global from $21.00 to $24.00 and gave the company a “buy” rating in a research report on Friday, August 3rd. ValuEngine raised shares of MRC Global from a “hold” rating to a “buy” rating in a research report on Friday, June 22nd. Northcoast Research assumed coverage on shares of MRC Global in a research report on Tuesday, July 31st. They set a “buy” rating and a $26.00 price target for the company. Zacks Investment Research raised shares of MRC Global from a “hold” rating to a “buy” rating and set a $21.00 price target for the company in a research report on Wednesday, May 2nd. Finally, TheStreet raised shares of MRC Global from a “c+” rating to a “b-” rating in a research report on Thursday, July 26th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $22.50.

Shares of MRC Global stock traded up $0.21 during trading on Monday, reaching $19.38. The company’s stock had a trading volume of 990,717 shares, compared to its average volume of 751,053. The stock has a market capitalization of $1.86 billion, a price-to-earnings ratio of 646.00, a price-to-earnings-growth ratio of 1.96 and a beta of 1.61. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.12 and a current ratio of 2.43. MRC Global has a 52-week low of $14.01 and a 52-week high of $22.98.

Large investors have recently bought and sold shares of the company. Xact Kapitalforvaltning AB purchased a new stake in shares of MRC Global in the 4th quarter worth about $183,000. Point72 Hong Kong Ltd bought a new position in shares of MRC Global in the 2nd quarter worth about $217,000. Verition Fund Management LLC increased its stake in shares of MRC Global by 22.1% in the 1st quarter. Verition Fund Management LLC now owns 13,935 shares of the oil and gas company’s stock worth $229,000 after acquiring an additional 2,525 shares in the last quarter. Winslow Asset Management Inc. bought a new position in shares of MRC Global in the 2nd quarter worth about $238,000. Finally, Global X Management Co. LLC increased its stake in shares of MRC Global by 134.0% in the 1st quarter. Global X Management Co. LLC now owns 15,524 shares of the oil and gas company’s stock worth $255,000 after acquiring an additional 8,890 shares in the last quarter. 96.07% of the stock is owned by hedge funds and other institutional investors.

MRC Global Company Profile

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.

Further Reading: Marijuana Stocks Investing Considerations

Get a free copy of the Zacks research report on MRC Global (MRC)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for MRC Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MRC Global and related companies with MarketBeat.com's FREE daily email newsletter.