Mirion Technologies (NYSE:MIR) Updates FY24 Earnings Guidance

Mirion Technologies (NYSE:MIR) updated its FY24 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $0.37-0.42 for the period, compared to the consensus 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 also updated its FY 2024 guidance to 0.370-0.420 EPS.

Analysts Set New Price Targets

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

Mirion Technologies Price Performance

Shares of MIR stock traded up $0.73 during midday trading on Wednesday, reaching $14.80. 6,569,529 shares of the company traded hands, compared to its average volume of 1,281,899. The firm’s 50 day simple moving average is $11.59 and its two-hundred day simple moving average is $10.94. The firm has a market cap of $3.44 billion, a PE ratio of -42.09 and a beta of 0.79. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.18 and a quick ratio of 1.55. Mirion Technologies has a 1-year low of $6.70 and a 1-year high of $14.98.

Mirion Technologies (NYSE:MIR) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $207.10 million during the quarter, compared to analysts’ expectations of $210.77 million. During the same period in the previous year, the firm posted $0.08 earnings per share. Mirion Technologies’s revenue was up 5.0% on a year-over-year basis. On average, equities research analysts expect that Mirion Technologies will post 0.31 EPS for the current fiscal year.

Insider Buying and Selling at Mirion Technologies

In other Mirion Technologies news, CEO Thomas D. Logan sold 7,500 shares of the company’s stock in a transaction dated Thursday, October 24th. The shares were 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. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Thomas D. Logan sold 7,500 shares of the company’s stock in a transaction on 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 directly owns 1,544,017 shares in the company, valued at $21,786,079.87. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Emmanuelle Lee sold 5,000 shares of Mirion Technologies stock in a transaction dated 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 owns 138,193 shares of the company’s stock, valued at approximately $1,464,845.80. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 49,639 shares of company stock worth $539,247. 2.20% of the stock is owned by corporate insiders.

About Mirion Technologies

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.