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

MRC Global (NYSE:MRC) is set to announce its earnings results after the market closes on Tuesday, August 6th. Analysts expect the company to announce earnings of $0.24 per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

MRC Global (NYSE:MRC) last posted its earnings results on Wednesday, May 8th. The oil and gas company reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.09. The business had revenue of $806.00 million during the quarter, compared to analyst estimates of $760.76 million. MRC Global had a return on equity of 23.60% and a net margin of 2.97%. The company’s revenue for the quarter was down 8.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.32 earnings per share. 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 Stock Down 4.7 %

NYSE MRC opened at $13.31 on Monday. The company has a quick ratio of 0.81, a current ratio of 1.48 and a debt-to-equity ratio of 0.01. MRC Global has a fifty-two week low of $8.15 and a fifty-two week high of $14.91. The business has a 50 day moving average price of $13.17 and a two-hundred day moving average price of $12.36. The stock has a market cap of $1.13 billion, a PE ratio of 15.48 and a beta of 2.00.

Insider Transactions at MRC Global

In other MRC Global news, Director Leonard M. Anthony sold 40,000 shares of the firm’s stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $13.78, for a total transaction of $551,200.00. Following the completion of the transaction, the director now directly owns 101,120 shares of the company’s stock, valued at approximately $1,393,433.60. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other MRC Global news, Director Leonard M. Anthony sold 40,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $13.78, for a total transaction of $551,200.00. Following the sale, the director now owns 101,120 shares in the company, valued at $1,393,433.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Grant R. Bates sold 35,000 shares of the stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $13.57, for a total value of $474,950.00. Following the transaction, the insider now directly owns 110,191 shares in the company, valued at approximately $1,495,291.87. The disclosure for this sale can be found here. Over the last quarter, insiders sold 90,698 shares of company stock valued at $1,242,374. 20.90% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. StockNews.com lowered shares of MRC Global from a “strong-buy” rating to a “buy” rating in a report on Friday. Susquehanna reaffirmed a “positive” rating and set a $16.00 target price on shares of MRC Global in a research report on Wednesday, June 26th.

MRC Global Company Profile

MRC Global Inc, through its subsidiaries, distributes pipes, valves, fittings, and other infrastructure products and services in the United States, Canada, and internationally. It offers ball, butterfly, gate, globe, check, diaphragm, needle, and plug valves; other products, such as lined corrosion resistant piping systems, control valves, valve automation, and top work components; and valve modification services, including valve control extensions, welding, hydrotesting, painting, coating, x-raying, and actuation assembly.