MRC Global (MRC) to Release Quarterly Earnings on Tuesday

MRC Global (NYSE:MRC - Get Free Report) is anticipated to announce its earnings results after the market closes on Tuesday, February 11th. Analysts expect the company to announce earnings of $0.17 per share for the quarter. Investors interested in registering for the company's conference call can do so using this link.

MRC Global (NYSE:MRC - Get Free Report) last issued its quarterly earnings results on Tuesday, November 5th. The oil and gas company reported $0.22 earnings per share for the quarter, topping analysts' consensus estimates of $0.19 by $0.03. The firm had revenue of $797.00 million for the quarter, compared to analysts' expectations of $794.17 million. MRC Global had a return on equity of 19.58% and a net margin of 3.09%. MRC Global's revenue was down 10.2% on a year-over-year basis. During the same quarter last year, the business posted $0.32 EPS. 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 0.6 %

MRC traded up $0.09 during trading on Wednesday, reaching $14.57. The company had a trading volume of 182,911 shares, compared to its average volume of 651,372. The firm's 50-day simple moving average is $13.69 and its 200 day simple moving average is $13.18. The company has a market cap of $1.24 billion, a price-to-earnings ratio of 16.75 and a beta of 1.97. MRC Global has a 12-month low of $10.29 and a 12-month high of $15.41. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.11 and a current ratio of 1.99.

MRC Global announced that its Board of Directors has approved a share buyback program on Friday, January 3rd that allows the company to buyback $125.00 million in shares. This buyback authorization allows the oil and gas company to purchase up to 11% of its stock through open market purchases. Stock buyback programs are often a sign that the company's management believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of brokerages have commented on MRC. StockNews.com lowered MRC Global from a "strong-buy" rating to a "buy" rating in a research report on Saturday, November 9th. Stifel Nicolaus lifted their price target on MRC Global from $14.00 to $15.00 and gave the company a "buy" rating in a report on Tuesday, October 15th. Finally, Susquehanna lifted their price target on MRC Global from $16.00 to $17.00 and gave the company a "positive" rating in a report on Thursday, November 7th.

About MRC Global

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.