Analysts expect that MRC Global Inc. (NYSE:MRC) will post earnings per share of ($0.04) for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for MRC Global’s earnings, with estimates ranging from ($0.22) to $0.09. MRC Global posted earnings of ($0.05) per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 20%. The company is expected to announce its next earnings report on Thursday, February 10th.
According to Zacks, analysts expect that MRC Global will report full year earnings of $0.17 per share for the current fiscal year, with EPS estimates ranging from $0.16 to $0.18. For the next fiscal year, analysts anticipate that the company will post earnings of $0.62 per share, with EPS estimates ranging from $0.55 to $0.71. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that cover MRC Global.
MRC Global (NYSE:MRC) last announced its earnings results on Monday, November 8th. The oil and gas company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.02. MRC Global had a positive return on equity of 4.66% and a negative net margin of 0.82%. The firm had revenue of $685.00 million during the quarter, compared to analyst estimates of $703.85 million. During the same quarter in the prior year, the company earned ($0.10) EPS. The business’s revenue was up 17.1% compared to the same quarter last year.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Bank of New York Mellon Corp boosted its stake in MRC Global by 5.4% during the 3rd quarter. Bank of New York Mellon Corp now owns 317,962 shares of the oil and gas company’s stock valued at $2,334,000 after purchasing an additional 16,195 shares during the last quarter. Jane Street Group LLC boosted its stake in MRC Global by 163.4% during the 3rd quarter. Jane Street Group LLC now owns 61,435 shares of the oil and gas company’s stock valued at $451,000 after purchasing an additional 38,108 shares during the last quarter. Two Sigma Advisers LP boosted its stake in MRC Global by 53.5% during the 3rd quarter. Two Sigma Advisers LP now owns 652,357 shares of the oil and gas company’s stock valued at $4,788,000 after purchasing an additional 227,257 shares during the last quarter. Two Sigma Investments LP boosted its stake in MRC Global by 85.7% during the 3rd quarter. Two Sigma Investments LP now owns 480,707 shares of the oil and gas company’s stock valued at $3,528,000 after purchasing an additional 221,857 shares during the last quarter. Finally, Wellington Management Group LLP purchased a new stake in MRC Global during the 3rd quarter valued at $7,871,000. Institutional investors and hedge funds own 94.10% of the company’s stock.
MRC stock opened at $7.71 on Tuesday. MRC Global has a twelve month low of $5.76 and a twelve month high of $12.21. The company has a quick ratio of 1.08, a current ratio of 2.15 and a debt-to-equity ratio of 0.98. The firm has a market cap of $637.35 million, a PE ratio of -16.40 and a beta of 2.52. The business has a 50 day moving average of $8.00 and a 200 day moving average of $9.00.
About MRC Global
MRC Global, Inc is a holding company, which engages in the distribution of pipes, valves, fittings, and other infrastructure products and services to the energy industry. Its products include Carbon Steel Pipe, Carbon Steel Fittings & Flanges, Valves, Valve Automation, Stainless & Alloy Pipe, Mill Supplies & Safety and ValveWatch.
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