Mirion Technologies (NYSE:MIR) Issues 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.

Mirion Technologies Stock Performance

Shares of NYSE:MIR 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 stock has a market cap of $3.20 billion, a P/E ratio of -34.32 and a beta of 0.79. The company has a current ratio of 2.18, a quick ratio of 1.55 and a debt-to-equity ratio of 0.44. Mirion Technologies has a 52-week low of $6.70 and a 52-week high of $14.80. The company’s 50 day moving average price is $11.52 and its 200 day moving average price is $10.91.

Mirion Technologies (NYSE:MIR) last posted 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 negative net margin of 7.80% and a positive return on equity of 3.81%. The company had revenue of $207.10 million for the quarter, compared to analyst estimates of $210.77 million. During the same quarter in the previous year, the firm posted $0.08 earnings per share. The company’s quarterly revenue was up 5.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Mirion Technologies will post 0.31 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, B. Riley started 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.

Insider Buying and Selling

In related news, insider Loic Eloy sold 22,139 shares of the company’s 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 sale, the insider now owns 177,663 shares in the company, valued at $1,760,640.33. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, 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 that occurred on Tuesday, September 24th. The shares were sold at an average price of $10.47, for a total value of $78,525.00. Following the transaction, the chief executive officer now owns 1,544,017 shares in the company, valued at approximately $16,165,857.99. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Loic Eloy sold 22,139 shares of the stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $9.91, for a total transaction of $219,397.49. Following the sale, the insider now owns 177,663 shares in the company, valued at approximately $1,760,640.33. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 49,639 shares of company stock valued at $539,247 over the last quarter. 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.