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

by · The Cerbat Gem

Mirion Technologies (NYSE:MIR – Get Free Report) 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.

Mirion Technologies Price Performance

NYSE MIR traded down $0.15 during trading on Tuesday, hitting $14.06. 3,661,152 shares of the stock traded hands, compared to its average volume of 1,256,593. 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 has a 12-month low of $6.70 and a 12-month high of $14.80. The firm has a 50-day simple moving average of $11.52 and a 200-day simple moving average of $10.91. The company has a market capitalization of $3.20 billion, a P/E ratio of -34.32 and a beta of 0.79.

Mirion Technologies (NYSE:MIR – Get Free Report) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates 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 business had revenue of $207.10 million during the quarter, compared to analysts’ expectations of $210.77 million. During the same period last year, the company posted $0.08 EPS. The business’s revenue was up 5.0% on a year-over-year basis. As a group, analysts predict that Mirion Technologies will post 0.31 EPS for the current year.

Wall Street Analyst Weigh In

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

View Our Latest Research Report on MIR

Insider Activity

In other Mirion Technologies news, insider Loic Eloy sold 22,139 shares of the business’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 transaction of $219,397.49. Following the completion of the transaction, the insider now owns 177,663 shares in the company, valued at $1,760,640.33. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, insider Loic Eloy sold 22,139 shares of the business’s stock in a transaction 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 completion of the sale, the insider now directly owns 177,663 shares of the company’s stock, valued at approximately $1,760,640.33. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Emmanuelle Lee sold 5,000 shares of Mirion Technologies stock in a transaction dated Tuesday, September 24th. The shares were 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 of the company’s stock, valued at $1,464,845.80. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 49,639 shares of company stock valued at $539,247. 2.20% of the stock is currently owned by company insiders.

Mirion Technologies Company Profile

(Get Free Report)

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.

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