Brokerages expect that MRC Global Inc (NYSE:MRC) will post sales of $1.02 billion for the current quarter, according to Zacks. Nine analysts have issued estimates for MRC Global’s earnings. The highest sales estimate is $1.06 billion and the lowest is $1.00 billion. MRC Global reported sales of $903.00 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 13%. The company is expected to announce its next earnings results on Thursday, February 21st.

On average, analysts expect that MRC Global will report full-year sales of $4.19 billion for the current financial year, with estimates ranging from $4.17 billion to $4.26 billion. For the next year, analysts forecast that the business will report sales of $4.43 billion, with estimates ranging from $4.32 billion to $4.63 billion. Zacks’ sales averages are a mean average based on a survey of research firms that follow MRC Global.

MRC Global (NYSE:MRC) last announced its earnings results on Wednesday, October 31st. The oil and gas company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.05). MRC Global had a net margin of 2.43% and a return on equity of 9.12%. The business had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.12 billion. During the same period in the prior year, the business earned ($0.03) earnings per share. The company’s revenue for the quarter was up 11.7% compared to the same quarter last year.

Several equities research analysts have recently issued reports on MRC shares. Zacks Investment Research lowered MRC Global from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 3rd. Robert W. Baird cut their price target on MRC Global from $23.00 to $20.00 and set a “neutral” rating for the company in a research note on Friday, November 2nd. Stephens set a $21.00 price target on MRC Global and gave the stock a “buy” rating in a research note on Sunday, November 4th. Cowen reiterated a “buy” rating and set a $25.00 price target on shares of MRC Global in a research note on Friday, October 12th. Finally, Raymond James cut their price target on MRC Global from $25.00 to $21.00 and set an “outperform” rating for the company in a research note on Friday, October 19th. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $23.00.

Hedge funds and other institutional investors have recently modified their holdings of the business. Fox Run Management L.L.C. bought a new position in MRC Global in the 3rd quarter worth about $198,000. Point72 Hong Kong Ltd bought a new position in MRC Global in the 2nd quarter worth about $217,000. Trexquant Investment LP bought a new position in MRC Global in the 3rd quarter worth about $248,000. Mirae Asset Global Investments Co. Ltd. bought a new position in MRC Global in the 3rd quarter worth about $383,000. Finally, Global X Management Co LLC boosted its stake in MRC Global by 19.0% in the 2nd quarter. Global X Management Co LLC now owns 18,475 shares of the oil and gas company’s stock worth $400,000 after purchasing an additional 2,951 shares during the period.

Shares of MRC Global stock traded down $0.10 during trading hours on Friday, hitting $16.19. 33,221 shares of the company’s stock traded hands, compared to its average volume of 978,270. MRC Global has a 12-month low of $14.52 and a 12-month high of $22.98. The firm has a market cap of $1.47 billion, a PE ratio of 541.00, a P/E/G ratio of 1.81 and a beta of 1.66. The company has a debt-to-equity ratio of 0.92, a current ratio of 2.64 and a quick ratio of 1.23.

MRC Global Company Profile

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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