MRC Global Inc. is an industrial distributor of pipe, valves and fittings and related products and services to the energy industry. The Company's segments include the U.S., Canada and International. Its U.S. segment includes the United States Eastern Region and Gulf Coast, and the United States Western Region. It provides services, such as product testing, manufacturer assessments, daily deliveries, volume purchasing, inventory and zone store management and warehousing, technical support, training, just-in-time delivery, truck stocking, order consolidation, product tagging and system interfaces customized to customer and supplier specifications for tracking and replenishing inventory, engineering of control packages, and valve inspection and repair. The Company's principal product types include valves, automation, measurement and instrumentation; carbon steel fittings and flanges; stainless steel and alloy fittings, flanges and pipe; gas products; line pipe, and other.
Industry, Sector and Symbol:
- Sector: Industrial Products
- Industry: Industrial Machinery & Equipment Wholesale
- Sub-Industry: Trading Companies & Distributors
- Symbol: NYSE:MRC
- CUSIP: 55345K10
- Web: www.mrcglobal.com
- Market Cap: $1.52858 billion
- Outstanding Shares: 94,473,000
- 50 Day Moving Avg: $16.78
- 200 Day Moving Avg: $18.74
- 52 Week Range: $11.50 - $22.52
Sales & Book Value:
- Trailing P/E Ratio: N/A
- Foreward P/E Ratio: 25.89
- P/E Growth: 5.68
- Annual Revenue: $3.12 billion
- Price / Sales: 0.49
- Book Value: $7.97 per share
- Price / Book: 2.01
- EBIDTA: $45 million
- Net Margins: -2.21%
- Return on Equity: -2.39%
- Return on Assets: -0.83%
- Debt-to-Equity Ratio: 0.54%
- Current Ratio: 2.32%
- Quick Ratio: 1.21%
- Average Volume: 930,954 shs.
- Beta: 1.61
- Short Ratio: 6.09
Frequently Asked Questions for MRC Global (NYSE:MRC)
What is MRC Global's stock symbol?
MRC Global trades on the New York Stock Exchange (NYSE) under the ticker symbol "MRC."
How were MRC Global's earnings last quarter?
MRC Global Inc. (NYSE:MRC) released its quarterly earnings results on Thursday, May, 4th. The company reported $0.01 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of ($0.06) by $0.07. The company earned $862 million during the quarter, compared to analysts' expectations of $798.38 million. MRC Global had a negative net margin of 2.21% and a negative return on equity of 2.39%. The business's quarterly revenue was up 10.1% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.10) earnings per share. View MRC Global's Earnings History.
Where is MRC Global's stock going? Where will MRC Global's stock price be in 2017?
9 equities research analysts have issued 1-year target prices for MRC Global's shares. Their predictions range from $16.00 to $25.00. On average, they anticipate MRC Global's share price to reach $19.88 in the next twelve months. View Analyst Ratings for MRC Global.
What are analysts saying about MRC Global stock?
Here are some recent quotes from research analysts about MRC Global stock:
- 1. Evercore ISI analysts commented, "We continue to view the company as one of the most impressive self-improvement stories of the downturn, after it successfully redeployed funds from robust counter-cyclical cash flow generation to completely revamp its balance sheet. A significantly improved balance sheet and best in class working capital efficiency enables MRC to build its cash hoard, opportunistically repurchase shares, and fund organic growth through the upcycle while maintaining the flexibility to pursue accretive M&A opportunities. The company is poised for considerable earnings growth in 2017 and has a proven track record of execution which we expect will become a key differentiator throughout the upcycle' MRC Global reported a 4Q16 adjusted loss of $0.18/sh, missing our ($0.12) estimate and consensus of ($0.10). From the results we excluded a $7MM after-tax severance/restructuring charge which reduced GAAP EPS by ~$0.07/sh. Total revenue of $719MM fell 9% QoQ (-21% YoY ex-OCTG) and was 4% below our $749MM estimate primarily due to lower-than-expected downstream revenue." (2/22/2017)
- 2. According to Zacks Investment Research, "Over the last one month, MRC Global's shares outperformed compared with the Zacks Categorized Steel Pipe & tubes industry. The company remains bullish in improving its business on the back of superior customer relationships, working capital optimization and operational expense management. Even so, the recently signed contracts are also anticipated to generate benefits in the near term. Over the last 60 days, Zacks Consensus Estimate for the stock has moved north for 2017. However, headwinds such as weak energy resource prices, Brexit vote and slow domestic demand of emerging markets have been weighing over MRC Global's sales. Moreover, other issues such as appreciation of the U.S. dollar, extensive industry rivalry and weakening steel price also remain major causes of worry for the company." (2/7/2017)
Who are some of MRC Global's key competitors?
Some companies that are related to MRC Global include Kennametal (KMT), MSA Safety Incorporporated (MSA), John Bean Technologies Corporation (JBT), Cimpress N.V (CMPR), Aggreko PLC (ARGKF), Unifirst Corporation (UNF), Greif Bros. Corporation (GEF), Manitowoc Food Service (WBT), Tetra Tech (TTEK), RBC Bearings Incorporated (ROLL), Rexnord Corporation (RXN), iRobot Corporation (IRBT), II-VI Incorporated (IIVI), Applied Industrial Technologies (AIT), SiteOne Landscape Supply (SITE), Franklin Electric Co. (FELE), Proto Labs (PRLB) and Mueller Water Products (MWA).
Who are MRC Global's key executives?
MRC Global's management team includes the folowing people:
- Andrew R. Lane, President, Chief Executive Officer, Director
- James E. Braun, Chief Financial Officer, Executive Vice President
- Daniel J. Churay, Executive Vice President - Corporate Affairs, General Counsel, Corporate Secretary
- Elton Bond, Senior Vice President, Chief Accounting Officer
- Grant R. Bates, Senior Vice President - Operational Excellence, Chief Information Officer
- Steinar Aasland, Senior Vice President - International Operations
- John L. Bowhay, Senior Vice President - Supply Chain Management
- G. Tod Moss, Senior Vice President - Operations, West US & Canada operations
- Robert Wayne Stein, Senior Vice President - Business Development
- Karl W. Witt, Senior Vice President, U.S. Eastern Region and Gulf Coast operations
Who owns MRC Global stock?
MRC Global's stock is owned by a number of of retail and institutional investors. Top institutional investors include Ardevora Asset Management LLP (2.13%), Miller Howard Investments Inc. NY (0.30%), Rockefeller Financial Services Inc. (0.26%), American National Insurance Co. TX (0.16%), Malaga Cove Capital LLC (0.11%) and Dudley & Shanley LLC (0.11%). Company insiders that own MRC Global stock include Daniel J Churay, Gerard Pieter Krans, H B Wehrle III, Karl Witt and Scott Alan Hutchinson. View Institutional Ownership Trends for MRC Global.
Who sold MRC Global stock? Who is selling MRC Global stock?
MRC Global's stock was sold by a variety of institutional investors in the last quarter, including Acadian Asset Management LLC, Russell Investments Group Ltd. and Miller Howard Investments Inc. NY. Company insiders that have sold MRC Global stock in the last year include Daniel J Churay, Gerard Pieter Krans and H B Wehrle III. View Insider Buying and Selling for MRC Global.
Who bought MRC Global stock? Who is buying MRC Global stock?
MRC Global's stock was purchased by a variety of institutional investors in the last quarter, including Ardevora Asset Management LLP, First Midwest Bank Trust Division, Alpha Windward LLC, Malaga Cove Capital LLC and Aperio Group LLC. Company insiders that have bought MRC Global stock in the last two years include Karl Witt and Scott Alan Hutchinson. View Insider Buying and Selling for MRC Global.
How do I buy MRC Global stock?
Shares of MRC Global can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is MRC Global's stock price today?
MarketBeat Community Rating for MRC Global (NYSE MRC)MarketBeat's community ratings are surveys of what our community members think about MRC Global and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of MRC Global stock can currently be purchased for approximately $16.05.
Consensus Ratings for MRC Global (NYSE:MRC) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||2 Hold Ratings, 7 Buy Ratings|
|Consensus Rating:||Buy (Score: 2.78)|
|Consensus Price Target: ||$19.88 (23.83% upside)|
Analysts' Ratings History for MRC Global (NYSE:MRC)
(Data available from 7/25/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|7/12/2017||Wells Fargo & Company||Reiterated Rating||Market Perform||$20.00 -> $17.00||Low|
|7/7/2017||Stifel Nicolaus||Reiterated Rating||Buy||Medium|
|6/21/2017||Seaport Global Securities||Downgrade||Buy -> Neutral||$25.00 -> $17.00||High|
|5/26/2017||KeyCorp||Reiterated Rating||Sector Weight -> Sector Weight||Low|
|4/19/2017||Raymond James Financial, Inc.||Upgrade||Market Perform -> Buy||$21.00||Medium|
|4/11/2017||Susquehanna Bancshares Inc||Initiated Coverage||Positive||$23.00||Low|
|2/22/2017||Evercore ISI||Boost Price Target||$25.00||N/A|
|11/8/2016||Cowen and Company||Upgrade||Market Perform -> Outperform||$16.00 -> $18.00||N/A|
|8/4/2016||Maxim Group||Upgrade||Hold -> Buy||$16.00||N/A|
|8/3/2016||J P Morgan Chase & Co||Reiterated Rating||Buy||N/A|
|8/3/2016||Capital One Financial Corporation||Upgrade||Equal Weight -> Overweight||N/A|
|2/25/2016||Longbow Research||Downgrade||Buy -> Neutral||N/A|
|2/12/2016||William Blair||Reiterated Rating||Buy||N/A|
|11/17/2015||BB&T Corporation||Reiterated Rating||Not Applicable -> Hold||N/A|
Earnings History for MRC Global (NYSE:MRC)Earnings History by Quarter for MRC Global (NYSE MRC)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|5/4/2017||Q1 2017||($0.06)||$0.01||$798.38 million||$862.00 million||View||Listen|
|2/16/2017||Q416||($0.11)||($0.18)||$752.88 million||$719.00 million||View||Listen|
|11/3/2016||Q316||($0.14)||($0.06)||$759.67 million||$793.00 million||View||Listen|
|8/2/2016||Q216||($0.14)||($0.21)||$747.81 million||$746.00 million||View||Listen|
|5/2/2016||Q116||($0.12)||($0.10)||$794.69 million||$783.00 million||View||Listen|
|2/22/2016||Q415||$0.03||$0.12||$967.38 million||$967.10 million||View||Listen|
|11/5/2015||Q315||$0.03||$0.10||$1.08 billion||$1.07 billion||View||Listen|
|8/3/2015||Q215||$0.17||$0.22||$1.21 billion||$1.20 billion||View||Listen|
|4/30/2015||Q115||$0.18||$0.28||$1.23 billion||$1.29 billion||View||Listen|
|2/19/2015||Q414||$0.46||$0.33||$1.54 billion||$1.52 billion||View||Listen|
|11/6/2014||Q314||$0.46||$0.54||$1.52 billion||$1.62 billion||View||Listen|
|7/31/2014||Q214||$0.42||$0.42||$1.41 billion||$1.50 billion||View||Listen|
|5/1/2014||Q1||$0.27||$0.28||$1.29 million||$1.31 billion||View||Listen|
|2/20/2014||Q413||$0.44||$0.32||$1.34 billion||$1.32 billion||View||Listen|
|11/1/2013||Q313||$0.45||$0.40||$1.32 billion||$1.31 billion||View||Listen|
|8/1/2013||Q2 2013||$0.38||$0.43||$1.31 billion||$1.27 billion||View||Listen|
|5/2/2013||Q1 2013||$0.44||$0.45||$1.36 billion||$1.31 billion||View||Listen|
|2/21/2013||Q4 2012||$0.48||$0.55||$1.39 billion||$1.31 billion||View||Listen|
|10/26/2012||Q312||$0.43||$0.61||$1.45 billion||$1.45 billion||View||N/A|
Earnings Estimates for MRC Global (NYSE:MRC)
2017 EPS Consensus Estimate: ($0.03)
2018 EPS Consensus Estimate: $0.46
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Dividend History for MRC Global (NYSE:MRC)
No dividend announcements for this company have been tracked by MarketBeat.com
Insider Trading and Institutional Ownership History for MRC Global (NYSE:MRC)
Insider Ownership Percentage: 6.30%Insider Trades by Quarter for MRC Global (NYSE:MRC)
Institutional Ownership Percentage: 97.73%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|2/21/2017||Daniel J Churay||EVP||Sell||3,080||$21.30||$65,604.00|| |
|12/5/2016||H B. Wehrle III||Director||Sell||50,000||$21.19||$1,059,500.00|| |
|8/23/2016||Gerard Pieter Krans||Director||Sell||23,000||$15.33||$352,590.00|| |
|8/18/2016||Gerard Pieter Krans||Director||Sell||36,150||$15.30||$553,095.00|| |
|8/12/2016||Daniel J Churay||EVP||Sell||5,350||$14.77||$79,019.50|| |
|8/12/2016||Gerard Pieter Krans||Director||Sell||8,600||$15.01||$129,086.00|| |
|6/9/2016||Gerard Pieter Krans||Director||Sell||15,130||$15.02||$227,252.60|| |
|6/6/2016||Gerard Pieter Krans||Director||Sell||39,000||$14.50||$565,500.00|| |
|5/26/2016||Gerard Pieter Krans||Director||Sell||1,300||$14.50||$18,850.00|| |
|5/6/2016||Karl Witt||SVP||Buy||1,740||$14.15||$24,621.00|| |
|3/11/2016||Gerard Pieter Krans||Director||Sell||33,750||$14.79||$499,162.50|| |
|8/13/2015||Scott Alan Hutchinson||SVP||Buy||1,000||$12.42||$12,420.00|| |
|2/26/2015||James E Braun||CFO||Buy||2,000||$13.50||$27,000.00|| |
|2/24/2015||H B Wehrle III||Director||Buy||50,000||$12.75||$637,500.00|| |
|12/5/2014||H B Wehrle III||Director||Buy||50,000||$16.98||$849,000.00|| |
|12/3/2014||James E Braun||CFO||Buy||1,000||$17.94||$17,940.00|| |
|11/14/2014||Scott Alan Hutchinson||SVP||Buy||1,000||$21.93||$21,930.00|| |
|11/13/2014||Rhys J Best||Director||Buy||5,000||$21.42||$107,100.00|| |
|11/11/2014||Andrew R Lane||CEO||Buy||23,500||$21.15||$497,025.00|| |
|11/11/2014||James E Braun||CFO||Buy||1,000||$20.96||$20,960.00|| |
|8/19/2014||James E Braun||CFO||Buy||1,000||$24.60||$24,600.00|| |
|3/20/2014||Christopher A.S. Crampton||Director||Buy||8,000||$25.83||$206,640.00|| |
|2/26/2014||James Braun||CFO||Buy||2,000||$25.46||$50,920.00|| |
|8/12/2013||James Braun||CFO||Buy||4,000||$24.22||$96,880.00|| |
|8/12/2013||Rory Isaac||EVP||Buy||5,000||$24.20||$121,000.00|| |
|6/7/2013||Rory M Isaac||EVP||Buy||10,000||$27.34||$273,400.00|| |
|3/28/2013||Goldman Sachs Group Inc||Major Shareholder||Buy||6,049||$32.58||$197,076.42|| |
Headline Trends for MRC Global (NYSE:MRC)
Latest Headlines for MRC Global (NYSE:MRC)
MRC Global (MRC) Chart for Tuesday, July, 25, 2017