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 EPS guidance of $0.37-0.42 for the period, compared to the consensus EPS 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 Price Performance

Mirion Technologies stock traded down $0.14 during midday trading on Tuesday, reaching $14.07. 3,410,274 shares of the stock traded hands, compared to its average volume of 1,255,398. The stock’s fifty day moving average is $11.52 and its 200-day moving average is $10.91. Mirion Technologies has a 12 month low of $6.70 and a 12 month high of $14.80. The stock has a market cap of $3.20 billion, a P/E ratio of -34.68 and a beta of 0.79. 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 announced 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. Mirion Technologies had a positive return on equity of 3.81% and a negative net margin of 7.80%. The company had revenue of $207.10 million during the quarter, compared to analyst estimates of $210.77 million. During the same period in the prior year, the company earned $0.08 earnings per share. The firm’s revenue was up 5.0% on a year-over-year basis. As a group, equities research analysts anticipate that Mirion Technologies will post 0.31 EPS for the current year.

Wall Street Analysts Forecast Growth

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 price objective on the stock.

Insider Transactions at Mirion Technologies

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