Aug 18, 2023
MRC Global (MRC) to Release Quarterly Earnings on Monday
MRC Global (NYSE:MRC - Get Free Report) will be announcing its earnings results after the market closes on Monday, August 7th. Analysts expect the company to announce earnings of $0.36 per share for
MRC Global (NYSE:MRC - Get Free Report) will be announcing its earnings results after the market closes on Monday, August 7th. Analysts expect the company to announce earnings of $0.36 per share for the quarter. Investors that are interested in participating in the company's conference call can do so using this link.
MRC Global (NYSE:MRC - Get Free Report) last posted its quarterly earnings results on Monday, May 8th. The oil and gas company reported $0.32 EPS for the quarter, beating the consensus estimate of $0.30 by $0.02. The business had revenue of $885.00 million during the quarter, compared to analyst estimates of $860.17 million. MRC Global had a net margin of 2.65% and a return on equity of 36.34%. The company's quarterly revenue was up 19.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.17 EPS. On average, analysts expect MRC Global to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Shares of NYSE:MRC opened at $11.20 on Monday. The company has a market cap of $943.15 million, a PE ratio of 13.83 and a beta of 2.19. The company's 50-day moving average price is $10.04 and its 200 day moving average price is $10.38. MRC Global has a fifty-two week low of $7.03 and a fifty-two week high of $13.90. The company has a quick ratio of 0.99, a current ratio of 2.10 and a debt-to-equity ratio of 0.94.
A number of research firms have commented on MRC. Stifel Nicolaus dropped their price target on shares of MRC Global from $17.00 to $15.00 and set a "buy" rating on the stock in a research report on Monday, April 17th. Susquehanna dropped their price target on shares of MRC Global from $15.00 to $12.00 in a research report on Wednesday, May 10th. TheStreet upgraded shares of MRC Global from a "c+" rating to a "b-" rating in a research report on Friday, July 14th. Finally, StockNews.com began coverage on shares of MRC Global in a research report on Thursday, May 18th. They set a "buy" rating on the stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. JPMorgan Chase & Co. raised its holdings in shares of MRC Global by 5.1% in the 1st quarter. JPMorgan Chase & Co. now owns 1,429,720 shares of the oil and gas company's stock worth $13,897,000 after purchasing an additional 69,240 shares in the last quarter. Jane Street Group LLC purchased a new position in shares of MRC Global in the first quarter worth approximately $280,000. State Street Corp increased its position in shares of MRC Global by 1.7% in the first quarter. State Street Corp now owns 1,711,807 shares of the oil and gas company's stock worth $16,639,000 after acquiring an additional 28,560 shares in the last quarter. Squarepoint Ops LLC increased its position in shares of MRC Global by 32.7% in the first quarter. Squarepoint Ops LLC now owns 50,600 shares of the oil and gas company's stock worth $492,000 after acquiring an additional 12,456 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in shares of MRC Global by 4.1% in the first quarter. Geode Capital Management LLC now owns 1,531,725 shares of the oil and gas company's stock worth $14,888,000 after acquiring an additional 60,581 shares in the last quarter.
MRC Global Inc, through its subsidiaries, distributes pipes, valves, fittings, and other infrastructure products and services to the gas utility, energy, and industrial 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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