$0.12 Earnings Per Share Expected for MRC Global Inc (MRC) This Quarter

Analysts expect MRC Global Inc (NYSE:MRC) to report $0.12 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Eight analysts have issued estimates for MRC Global’s earnings. The highest EPS estimate is $0.27 and the lowest is $0.03. MRC Global posted earnings per share of $0.13 during the same quarter last year, which indicates a negative year-over-year growth rate of 7.7%. The firm is expected to announce its next quarterly earnings results after the market closes on Thursday, May 2nd.

On average, analysts expect that MRC Global will report full year earnings of $0.93 per share for the current financial year, with EPS estimates ranging from $0.65 to $1.18. For the next financial year, analysts expect that the business will post earnings of $1.37 per share, with EPS estimates ranging from $1.02 to $1.83. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that follow MRC Global.

MRC Global (NYSE:MRC) last released its earnings results on Thursday, February 14th. The oil and gas company reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.03). MRC Global had a net margin of 1.77% and a return on equity of 10.41%. The company had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $1.01 billion. During the same quarter in the previous year, the firm posted $0.36 earnings per share. MRC Global’s revenue for the quarter was up 11.7% compared to the same quarter last year.

A number of brokerages have weighed in on MRC. Zacks Investment Research cut shares of MRC Global from a “hold” rating to a “sell” rating in a research report on Tuesday, February 5th. ValuEngine raised shares of MRC Global from a “sell” rating to a “hold” rating in a research report on Thursday, January 10th. Stifel Nicolaus reissued a “buy” rating and set a $17.00 target price on shares of MRC Global in a research report on Wednesday, December 19th. Stephens reissued a “buy” rating and set a $22.00 target price on shares of MRC Global in a research report on Wednesday, February 20th. Finally, Wells Fargo & Co cut their price target on shares of MRC Global from $18.00 to $13.00 and set a “market perform” rating on the stock in a report on Friday, December 21st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $21.30.

Shares of MRC stock opened at $17.88 on Monday. The company has a market cap of $1.53 billion, a price-to-earnings ratio of 31.37, a price-to-earnings-growth ratio of 1.31 and a beta of 1.96. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.17 and a current ratio of 2.57. MRC Global has a fifty-two week low of $11.62 and a fifty-two week high of $22.98.

In related news, SVP John L. Bowhay sold 15,000 shares of the company’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $17.13, for a total value of $256,950.00. Following the completion of the sale, the senior vice president now owns 70,854 shares of the company’s stock, valued at $1,213,729.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Grant R. Bates sold 30,500 shares of the company’s stock in a transaction dated Wednesday, February 20th. The stock was sold at an average price of $18.78, for a total transaction of $572,790.00. Following the completion of the sale, the insider now directly owns 34,461 shares of the company’s stock, valued at approximately $647,177.58. The disclosure for this sale can be found here. 23.10% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently bought and sold shares of the stock. BW Gestao de Investimentos Ltda. lifted its holdings in MRC Global by 1.5% in the fourth quarter. BW Gestao de Investimentos Ltda. now owns 64,179 shares of the oil and gas company’s stock worth $785,000 after purchasing an additional 923 shares during the period. Cipher Capital LP lifted its holdings in MRC Global by 4.7% in the fourth quarter. Cipher Capital LP now owns 40,108 shares of the oil and gas company’s stock worth $491,000 after purchasing an additional 1,807 shares during the period. Legal & General Group Plc lifted its holdings in MRC Global by 2.4% in the fourth quarter. Legal & General Group Plc now owns 94,473 shares of the oil and gas company’s stock worth $1,156,000 after purchasing an additional 2,257 shares during the period. SignalPoint Asset Management LLC lifted its holdings in MRC Global by 9.4% in the fourth quarter. SignalPoint Asset Management LLC now owns 30,191 shares of the oil and gas company’s stock worth $369,000 after purchasing an additional 2,599 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. lifted its holdings in MRC Global by 14.1% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 23,269 shares of the oil and gas company’s stock worth $285,000 after purchasing an additional 2,868 shares during the period.

About MRC Global

MRC Global Inc, through its subsidiaries, distributes pipes, valves, fittings, and other infrastructure 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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