MRC Global (MRC) Set to Announce Quarterly Earnings on Tuesday

MRC Global (NYSE:MRC - Get Free Report) is set to announce its earnings results after the market closes on Tuesday, November 5th. Analysts expect the company to announce earnings of $0.28 per share for the quarter. Parties interested in registering for the company's conference call can do so using this link.

MRC Global (NYSE:MRC - Get Free Report) last posted its earnings results on Tuesday, August 6th. The oil and gas company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.24 by $0.07. MRC Global had a net margin of 3.19% and a return on equity of 22.35%. The company had revenue of $832.00 million during the quarter, compared to the consensus estimate of $831.32 million. During the same period in the previous year, the firm posted $0.25 earnings per share. The firm's revenue for the quarter was down 4.5% 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 Stock Down 0.6 %

NYSE MRC traded down $0.07 during trading hours on Tuesday, hitting $12.19. The company's stock had a trading volume of 301,687 shares, compared to its average volume of 579,969. The company has a current ratio of 2.08, a quick ratio of 1.10 and a debt-to-equity ratio of 0.29. The company's 50-day simple moving average is $12.54 and its two-hundred day simple moving average is $12.72. The company has a market capitalization of $1.04 billion, a PE ratio of 13.11 and a beta of 1.97. MRC Global has a 52 week low of $9.53 and a 52 week high of $14.91.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. StockNews.com downgraded MRC Global from a "strong-buy" rating to a "buy" rating in a report on Friday, October 18th. Stifel Nicolaus increased their target price on shares of MRC Global from $14.00 to $15.00 and gave the company a "buy" rating in a report on Tuesday, October 15th.

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.