MRC Global Inc (NYSE: MRC) has reported earnings for its second fiscal quarter (ending June 30) of $0.28 versus $0.21 for the same period a year ago — an increase of 33%. This result exceeded the consensus estimate of $0.25 by $0.03. For the latest four quarters through June 30, E.P.S. were $0.96 versus $0.95 for the same period a year ago — an increase of 1%.
Recent Price Action
MRC Global Inc (NYSE: MRC) stock closed at $13.18 on 8/6/24 after an increase of 1.4%. Moreover, trading volume in this advance was unusually high at 155% of normal. The stock has declined -10.0% during the last week but has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, MRC is expected to continue to be a major Value Builder.
MRC Global has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. MRC Global has a poor Appreciation Score of 28 but a good Power Rating of 85, and the Neutral Value Trend Rating results.
Rating Review
In light of this encouraging new earnings information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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