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 Price Performance

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

Mirion Technologies (NYSE:MIR) last released its earnings results 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 for the quarter, compared to the consensus estimate of $210.77 million. During the same period in the previous year, the firm earned $0.08 EPS. The business’s revenue for the quarter was up 5.0% on a year-over-year basis. Research analysts expect that Mirion Technologies will post 0.31 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

Insider Buying and Selling at Mirion Technologies

In related news, insider Loic Eloy sold 22,139 shares of the firm’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $9.91, for a total value of $219,397.49. Following the completion of the transaction, the insider now owns 177,663 shares of the company’s stock, valued at approximately $1,760,640.33. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, insider Loic Eloy sold 22,139 shares of the stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $9.91, for a total value 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. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Thomas D. Logan sold 7,500 shares of the firm’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 sale, the chief executive officer now owns 1,544,017 shares of the company’s stock, valued at $21,786,079.87. 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 ninety days, insiders sold 49,639 shares of company stock valued at $539,247. 2.20% of the stock is currently owned by corporate 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.