MRC Global Inc (MRC) EPS Estimated At $0.09

October 8, 2017 - By Adrian Erickson

 MRC Global Inc (MRC) EPS Estimated At $0.09
Investors sentiment increased to 1.04 in 2017 Q2. Its up 0.11, from 0.93 in 2017Q1. It is positive, as 20 investors sold MRC Global Inc shares while 58 reduced holdings. 27 funds opened positions while 54 raised stakes. 91.26 million shares or 2.63% more from 88.92 million shares in 2017Q1 were reported.
Frontier Mngmt Limited Liability Co, a Massachusetts-based fund reported 2.54M shares. Vident Inv Advisory Ltd Llc holds 114,214 shares or 0.16% of its portfolio. Evercore Wealth Mgmt Limited Liability Com owns 167 shares for 0% of their portfolio. Gotham Asset Management Lc accumulated 23,570 shares or 0.01% of the stock. Aperio Lc reported 24,078 shares or 0% of all its holdings. Bluecrest Capital Management reported 131,924 shares. Bnp Paribas Arbitrage Sa accumulated 0% or 16,568 shares. Acadian Asset Mngmt Llc stated it has 40,383 shares. 316,900 are held by California Pub Employees Retirement System. Koch Inc stated it has 252,796 shares. Guggenheim Ltd Limited Liability Company accumulated 276,105 shares. Legal & General Group Public Ltd Liability Corp accumulated 160,720 shares. Rhumbline Advisers holds 0% or 114,237 shares in its portfolio. 744,114 are held by Geode Cap Ltd Liability Co. Bridgeway Cap Management Inc reported 333,520 shares stake.

Wall Street await MRC Global Inc (NYSE:MRC) to release earnings on November, 2 after the close. Analysts forecast earnings per share of $0.09, up exactly $0.15 or 250.00 % from 2014’s $-0.06 EPS. The expected MRC’s profit could reach $8.52M giving the stock 49.61 P/E in the case that $0.09 earnings per share is reported. After posting $0.02 EPS for the previous quarter, MRC Global Inc’s analysts now forecast 350.00 % EPS growth. The stock decreased 0.83% or $0.15 on October 6, reaching $17.86. About 268,016 shares traded. MRC Global Inc (NYSE:MRC) has risen 52.93% since October 8, 2016 and is uptrending. It has outperformed by 36.23% the S&P500.

MRC Global Inc (NYSE:MRC) Ratings Coverage

Among 13 analysts covering MRC Global (NYSE:MRC), 7 have Buy rating, 0 Sell and 6 Hold. Therefore 54% are positive. MRC Global had 26 analyst reports since August 6, 2015 according to SRatingsIntel. The stock of MRC Global Inc (NYSE:MRC) earned “Equal-Weight” rating by Capital One on Thursday, February 25. The firm has “Neutral” rating given on Thursday, February 25 by Longbow. The firm has “Buy” rating by Cowen & Co given on Friday, October 6. On Monday, August 7 the stock rating was maintained by Cowen & Co with “Outperform”. Stifel Nicolaus maintained the shares of MRC in report on Thursday, July 6 with “Buy” rating. The firm has “Buy” rating by Maxim Group given on Thursday, August 6. The company was initiated on Friday, December 18 by KeyBanc Capital Markets. The stock of MRC Global Inc (NYSE:MRC) has “Overweight” rating given on Tuesday, December 29 by CapitalOne. The firm earned “Hold” rating on Wednesday, June 21 by Seaport Global. The firm has “Sector Perform” rating given on Monday, November 9 by KeyBanc Capital Markets.

MRC Global Inc. is an industrial distributor of pipe, valves and fittings and related services and products to the energy industry. The company has market cap of $1.69 billion. The Company’s divisions include the U.S., Canada and International. It currently has negative earnings. The Company’s U.S. segment includes the United States Eastern Region and Gulf Coast, and the United States Western Region.

More recent MRC Global Inc (NYSE:MRC) news were published by: Prnewswire.com which released: “MRC Global Announces Completion of Senior Secured Term Loan and Asset Based …” on September 25, 2017. Also Prnewswire.com published the news titled: “MRC Global Announces Preliminary Commitments on Senior Secured Term Loan” on September 15, 2017. Fool.com‘s news article titled: “MRC Global Inc. Sales Continue Rising, but It Breaks Even Once Again” with publication date: August 04, 2017 was also an interesting one.

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