MRC Global (MRC) Scheduled to Post Quarterly Earnings on Monday

MRC Global (NYSE:MRCGet Rating) will be releasing its earnings data after the market closes on Monday, August 8th. Analysts expect MRC Global to post earnings of $0.22 per share for the quarter. MRC Global has set its FY 2022 guidance at EPS.Persons that wish to listen to the company’s earnings conference call can do so using this link.

MRC Global (NYSE:MRCGet Rating) last posted its quarterly earnings data on Monday, May 9th. The oil and gas company reported $0.17 EPS for the quarter, hitting analysts’ consensus estimates of $0.17. MRC Global had a negative net margin of 0.04% and a positive return on equity of 14.63%. The company had revenue of $742.00 million during the quarter, compared to the consensus estimate of $717.48 million. During the same period in the prior year, the business posted ($0.07) EPS. The company’s quarterly revenue was up 21.8% on a year-over-year basis. On average, analysts expect MRC Global to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

MRC Global Trading Up 2.9 %

MRC Global stock opened at $11.62 on Monday. The firm has a 50-day moving average of $10.50 and a 200-day moving average of $10.41. MRC Global has a one year low of $6.38 and a one year high of $13.44. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.93 and a quick ratio of 0.98. The company has a market cap of $970.07 million, a price-to-earnings ratio of -50.52 and a beta of 1.98.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Stifel Nicolaus raised their target price on shares of MRC Global from $14.00 to $16.00 in a research note on Friday, July 8th. StockNews.com upgraded shares of MRC Global from a “hold” rating to a “buy” rating in a research note on Wednesday, June 8th. Finally, Benchmark assumed coverage on shares of MRC Global in a research note on Thursday, July 7th. They issued a “buy” rating and a $14.00 target price for the company. Four research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $13.50.

Institutional Investors Weigh In On MRC Global

Several hedge funds and other institutional investors have recently made changes to their positions in MRC. Bank of America Corp DE boosted its holdings in MRC Global by 13.9% during the first quarter. Bank of America Corp DE now owns 491,403 shares of the oil and gas company’s stock worth $5,852,000 after purchasing an additional 60,140 shares during the last quarter. Sawtooth Solutions LLC purchased a new stake in MRC Global during the 1st quarter valued at $184,000. BNP Paribas Arbitrage SA lifted its position in shares of MRC Global by 67.8% in the 1st quarter. BNP Paribas Arbitrage SA now owns 423,307 shares of the oil and gas company’s stock worth $5,042,000 after purchasing an additional 171,056 shares during the period. Range Financial Group LLC bought a new stake in MRC Global during the first quarter worth about $616,000. Finally, Walleye Capital LLC boosted its stake in MRC Global by 476.6% during the first quarter. Walleye Capital LLC now owns 147,036 shares of the oil and gas company’s stock worth $1,751,000 after acquiring an additional 121,536 shares in the last quarter. 94.09% of the stock is owned by institutional investors.

MRC Global Company Profile

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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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Earnings History for MRC Global (NYSE:MRC)

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