Wall Street brokerages expect that MRC Global Inc (NYSE:MRC) will announce earnings of $0.24 per share for the current quarter, according to Zacks Investment Research. Eight analysts have issued estimates for MRC Global’s earnings. The highest EPS estimate is $0.29 and the lowest is $0.20. MRC Global reported earnings of $0.02 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 1,100%. The company is scheduled to report its next earnings results after the market closes on Wednesday, October 31st.

On average, analysts expect that MRC Global will report full-year earnings of $0.67 per share for the current financial year, with EPS estimates ranging from $0.62 to $0.72. For the next year, analysts expect that the business will post earnings of $1.19 per share, with EPS estimates ranging from $1.01 to $1.48. Zacks’ EPS calculations are an average based on a survey of analysts that follow MRC Global.

MRC Global (NYSE:MRC) last released its quarterly earnings results on Wednesday, August 1st. The oil and gas company reported $0.18 earnings per share for the quarter, missing the 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 for the quarter, compared to analyst estimates of $1.07 billion. During the same quarter last year, the company earned $0.02 EPS. The firm’s revenue for the quarter was up 17.4% on a year-over-year basis.

Several research analysts recently weighed in on the stock. TheStreet downgraded shares of MRC Global from a “b-” rating to a “c+” rating in a research report on Friday. 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. ValuEngine downgraded shares of MRC Global from a “buy” rating to a “hold” rating in a research report on Monday, July 2nd. Stifel Nicolaus upped their price target on shares of MRC Global from $21.00 to $24.00 and gave the stock a “buy” rating in a research report on Friday, August 3rd. Finally, JPMorgan Chase & Co. upped their price target on shares of MRC Global from $25.00 to $27.00 and gave the stock an “overweight” rating in a research report on Monday, September 17th. One investment analyst has rated the stock with a sell rating and nine have assigned a buy rating to the company. MRC Global currently has an average rating of “Buy” and an average target price of $23.75.

A number of hedge funds and other institutional investors have recently made changes to their positions in MRC. Fox Run Management L.L.C. purchased a new stake in MRC Global during the 3rd quarter valued at about $198,000. Point72 Hong Kong Ltd purchased a new stake in MRC Global during the 2nd quarter valued at about $217,000. Verition Fund Management LLC grew its stake in MRC Global by 22.1% during the 1st quarter. Verition Fund Management LLC now owns 13,935 shares of the oil and gas company’s stock valued at $229,000 after acquiring an additional 2,525 shares in the last quarter. Winslow Asset Management Inc. purchased a new stake in MRC Global during the 2nd quarter valued at about $238,000. Finally, Xact Kapitalforvaltning AB grew its stake in MRC Global by 54.6% during the 1st quarter. Xact Kapitalforvaltning AB now owns 16,711 shares of the oil and gas company’s stock valued at $275,000 after acquiring an additional 5,900 shares in the last quarter. 96.80% of the stock is owned by institutional investors.

MRC opened at $16.33 on Friday. MRC Global has a twelve month low of $14.01 and a twelve month high of $22.98. The company has a debt-to-equity ratio of 0.94, a current ratio of 2.43 and a quick ratio of 1.12. The stock has a market cap of $1.50 billion, a P/E ratio of 544.33, a P/E/G ratio of 1.59 and a beta of 1.61.

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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