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

Mirion Technologies (NYSE:MIR) updated its FY 2024 earnings guidance on Tuesday. The company provided earnings per share guidance of 0.370-0.420 for the period, compared to the consensus earnings per share 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.

Wall Street Analysts Forecast Growth

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

Mirion Technologies Stock Performance

MIR stock traded down $0.15 during midday trading on Tuesday, reaching $14.06. The company had a trading volume of 3,661,152 shares, compared to its average volume of 1,256,593. The firm has a market capitalization of $3.20 billion, a PE ratio of -34.32 and a beta of 0.79. The stock has a 50 day moving average price of $11.52 and a 200 day moving average price of $10.91. Mirion Technologies has a fifty-two week low of $6.70 and a fifty-two week high of $14.80. The company has a quick ratio of 1.55, a current ratio of 2.18 and a debt-to-equity ratio of 0.44.

Mirion Technologies (NYSE:MIR) last released its quarterly earnings data on Thursday, August 1st. The company reported $0.10 earnings per share (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%. The business’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.08 EPS. Analysts anticipate that Mirion Technologies will post 0.31 earnings per share for the current year.

Insider Activity at Mirion Technologies

In other news, insider Emmanuelle Lee sold 5,000 shares of the business’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 directly owns 138,193 shares in the company, valued at approximately $1,464,845.80. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, CEO Thomas D. Logan sold 7,500 shares of the stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $11.00, for a total value of $82,500.00. Following the completion of the transaction, the chief executive officer now owns 1,544,017 shares in the company, valued at $16,984,187. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Emmanuelle Lee sold 5,000 shares of the business’s stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of $10.60, for a total transaction of $53,000.00. Following the sale, the insider now owns 138,193 shares in the company, valued at $1,464,845.80. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 49,639 shares of company stock worth $539,247 in the last ninety days. 2.20% of the stock is owned by insiders.

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.