Wall Street analysts forecast that MRC Global Inc. (NYSE:MRC – Get Rating) will announce sales of $715.93 million for the current quarter, Zacks reports. Three analysts have provided estimates for MRC Global’s earnings, with the highest sales estimate coming in at $720.10 million and the lowest estimate coming in at $708.90 million. MRC Global posted sales of $609.00 million in the same quarter last year, which suggests a positive year-over-year growth rate of 17.6%. The company is expected to report its next quarterly earnings results after the market closes on Monday, January 1st.
According to Zacks, analysts expect that MRC Global will report full-year sales of $3.02 billion for the current financial year, with estimates ranging from $3.01 billion to $3.04 billion. For the next year, analysts forecast that the firm will post sales of $3.30 billion, with estimates ranging from $3.26 billion to $3.34 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that cover MRC Global.
MRC Global (NYSE:MRC – Get Rating) last announced its quarterly earnings results on Tuesday, February 15th. The oil and gas company reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.23. MRC Global had a positive return on equity of 8.33% and a negative net margin of 0.75%. The company had revenue of $686.00 million during the quarter, compared to analysts’ expectations of $686.07 million. During the same quarter in the previous year, the firm earned ($0.05) earnings per share.
NYSE MRC opened at $12.05 on Friday. MRC Global has a twelve month low of $6.38 and a twelve month high of $12.49. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.02 and a current ratio of 2.06. The stock has a market capitalization of $1.00 billion, a PE ratio of -26.20 and a beta of 2.20. The stock has a 50-day simple moving average of $10.75 and a 200 day simple moving average of $8.77.
Several hedge funds have recently added to or reduced their stakes in MRC. First Trust Advisors LP grew its stake in shares of MRC Global by 130.2% in the 1st quarter. First Trust Advisors LP now owns 131,570 shares of the oil and gas company’s stock valued at $2,300,000 after purchasing an additional 74,404 shares during the period. Morgan Stanley grew its position in MRC Global by 12.5% during the 2nd quarter. Morgan Stanley now owns 400,233 shares of the oil and gas company’s stock worth $3,762,000 after acquiring an additional 44,315 shares during the last quarter. Strs Ohio grew its position in MRC Global by 16.9% during the 3rd quarter. Strs Ohio now owns 104,600 shares of the oil and gas company’s stock worth $767,000 after acquiring an additional 15,100 shares during the last quarter. SG Americas Securities LLC bought a new stake in MRC Global during the 3rd quarter worth approximately $410,000. Finally, Pzena Investment Management LLC grew its position in MRC Global by 4.1% during the 3rd quarter. Pzena Investment Management LLC now owns 2,855,063 shares of the oil and gas company’s stock worth $20,956,000 after acquiring an additional 112,482 shares during the last quarter. Institutional investors own 86.42% of the company’s stock.
About MRC Global (Get Rating)
MRC Global Inc, through its subsidiaries, distributes pipes, valves, fittings, and other infrastructure products and services to the energy, industrial, and gas utility end-markets in the United States, Canada, and internationally. 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, and top work components, as well as valve modification services; and measurement, steam, and instrumentation products.
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