Mirion Technologies (NYSE:MIR) Issues FY24 Earnings Guidance

Mirion Technologies (NYSE:MIR) issued an update on its FY24 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $0.37-0.42 for the period, compared to the consensus earnings per share estimate of $0.39. The company issued revenue guidance of $849-857 million, compared to the consensus revenue estimate of $849.33 million. Mirion Technologies also updated its FY 2024 guidance to 0.370-0.420 EPS.

Analysts Set New Price Targets

MIR has been the topic of several research analyst reports. The Goldman Sachs Group increased their price target on Mirion Technologies from $13.00 to $16.00 and gave the company a “buy” rating in a report on Thursday. Citigroup increased their target price on Mirion Technologies from $17.00 to $18.00 and gave the company a “buy” rating in a report on Thursday. Finally, B. Riley assumed coverage on Mirion Technologies in a research note on Thursday, September 26th. They set a “buy” rating and a $14.00 price target for the company.

Mirion Technologies Stock Performance

Shares of MIR stock traded up $0.05 during mid-day trading on Thursday, reaching $14.80. 4,177,039 shares of the company’s stock traded hands, compared to its average volume of 1,295,640. Mirion Technologies has a 12 month low of $6.70 and a 12 month high of $15.17. The firm has a 50 day moving average price of $11.67 and a two-hundred day moving average price of $10.96. The firm has a market capitalization of $3.44 billion, a PE ratio of -43.53 and a beta of 0.79. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.55 and a current ratio of 2.18.

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

Insiders Place Their Bets

In other news, CEO Thomas D. Logan sold 7,500 shares of the firm’s stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $14.11, for a total transaction of $105,825.00. Following the sale, the chief executive officer now directly owns 1,544,017 shares in the company, valued at $21,786,079.87. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Thomas D. Logan sold 7,500 shares of the company’s stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $14.11, for a total value of $105,825.00. Following the completion of the transaction, the chief executive officer now owns 1,544,017 shares of the company’s stock, valued at $21,786,079.87. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Emmanuelle Lee sold 5,000 shares of Mirion Technologies stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of $10.60, for a total value of $53,000.00. Following the sale, the insider now directly owns 138,193 shares in the company, valued at $1,464,845.80. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 49,639 shares of company stock worth $539,247. Company 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.