Mirion Technologies (NYSE:MIR) Issues FY 2024 Earnings Guidance

Mirion Technologies (NYSE:MIR) updated its FY 2024 earnings guidance on Tuesday. The company provided EPS guidance of 0.370-0.420 for the period, compared to the consensus EPS estimate of 0.390. The company issued revenue guidance of $849.0 million-$857.0 million, compared to the consensus revenue estimate of $849.3 million. Mirion Technologies also updated its FY24 guidance to $0.37-0.42 EPS.

Analysts Set New Price Targets

Separately, B. Riley initiated coverage on Mirion Technologies in a report on Thursday, September 26th. They set a “buy” rating and a $14.00 target price for the company.

Mirion Technologies Trading Up 5.2 %

MIR traded up $0.73 during midday trading on Wednesday, reaching $14.80. 6,569,529 shares of the company’s stock traded hands, compared to its average volume of 1,281,899. The firm has a fifty day moving average of $11.59 and a two-hundred day moving average of $10.94. The stock has a market capitalization of $3.44 billion, a price-to-earnings ratio of -43.53 and a beta of 0.79. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.18 and a quick ratio of 1.55. Mirion Technologies has a 52 week low of $6.70 and a 52 week high of $14.98.

Mirion Technologies (NYSE:MIR) last released its quarterly earnings results on Thursday, August 1st. The company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.03. The business had revenue of $207.10 million during the quarter, compared to analyst estimates of $210.77 million. Mirion Technologies had a positive return on equity of 3.81% and a negative net margin of 7.80%. Mirion Technologies’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.08 EPS. On average, equities analysts anticipate that Mirion Technologies will post 0.31 earnings per share for the current fiscal year.

Insider Transactions at Mirion Technologies

In other news, insider Loic Eloy sold 22,139 shares of the stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $9.91, for a total value of $219,397.49. Following the completion of the transaction, the insider now owns 177,663 shares of the company’s stock, valued at approximately $1,760,640.33. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Emmanuelle Lee sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $10.60, for a total transaction of $53,000.00. Following the completion of the transaction, the insider now owns 138,193 shares of the company’s stock, valued at $1,464,845.80. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Loic Eloy sold 22,139 shares of the firm’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $9.91, for a total value of $219,397.49. Following the transaction, the insider now directly owns 177,663 shares of the company’s stock, valued at approximately $1,760,640.33. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 49,639 shares of company stock valued at $539,247. Corporate insiders own 2.20% of the company’s stock.

Mirion Technologies Company Profile

Mirion Technologies, Inc provides radiation detection, measurement, analysis, and monitoring products and services in the United States, Canada, the United Kingdom, France, Germany, Finland, China, Belgium, Netherlands, Estonia, South Korea, and Japan. It operates through two segments, Medical and Technologies.