MRC Global Inc.'s Sales Kept Rising but Earnings Dipped Back Into the Red
MRC Global (NYSE: MRC) overcame the impact of two major hurricanes and weaker oil prices to post another quarter of improving revenue. However, after breaking even the last two quarters, earnings took a step back during the third quarter, though that was entirely due to the costs associated with strengthening its balance sheet. That improving financial profile positions the company to start sending cash back to investors again in the form of a newly authorized $100 million share repurchase program.
Metric
Q3 2017
Source: Fool.com
Mrc Global Inc. Stock
€13.40
2.290%
With 8 Buy predictions and not the single Sell prediction the community is currently very high on Mrc Global Inc..
As a result the target price of 14 € shows a slightly positive potential of 4.48% compared to the current price of 13.4 € for Mrc Global Inc..
