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

Mirion Technologies (NYSE:MIR) issued an update on its FY 2024 earnings guidance on Tuesday morning. 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 $840.9 million-$857.0 million, compared to the consensus revenue estimate of $848.3 million. Mirion Technologies also updated its FY24 guidance to $0.37-$0.42 EPS.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on MIR shares. Citigroup raised their target price on Mirion Technologies from $13.00 to $14.00 and gave the stock a buy rating in a research note on Monday, April 8th. TheStreet upgraded shares of Mirion Technologies from a d rating to a b- rating in a research note on Wednesday, February 14th.

Mirion Technologies Stock Down 1.5 %

Shares of MIR stock traded down $0.16 on Tuesday, hitting $10.86. The stock had a trading volume of 2,312,267 shares, compared to its average volume of 1,167,114. Mirion Technologies has a 12-month low of $6.70 and a 12-month high of $11.49. The business has a 50 day moving average of $10.59 and a 200 day moving average of $9.63. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.03 and a quick ratio of 1.48. The stock has a market cap of $2.46 billion, a price-to-earnings ratio of -21.74 and a beta of 0.81.

Mirion Technologies (NYSE:MIR) last announced its quarterly earnings data on Tuesday, February 13th. The company reported $0.12 EPS for the quarter. The business had revenue of $230.40 million for the quarter. Mirion Technologies had a negative net margin of 12.01% and a positive return on equity of 3.09%.

Insider Buying and Selling at Mirion Technologies

In related news, CFO Brian Schopfer sold 90,910 shares of Mirion Technologies stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $11.00, for a total value of $1,000,010.00. Following the completion of the transaction, the chief financial officer now directly owns 211,167 shares in the company, valued at approximately $2,322,837. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 2.57% 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.