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

Mirion Technologies (NYSE:MIR) issued an update on its FY 2024 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 0.370-0.420 for the period, compared to the consensus estimate of 0.390. The company issued revenue guidance of $840.9 million-$857.0 million, compared to the consensus revenue estimate of $852.2 million. Mirion Technologies also updated its FY24 guidance to $0.37-0.42 EPS.

Mirion Technologies Price Performance

Shares of NYSE MIR traded down $0.21 during mid-day trading on Friday, hitting $10.09. 2,047,886 shares of the company’s stock traded hands, compared to its average volume of 991,131. The company’s 50-day moving average is $10.65 and its two-hundred day moving average is $10.44. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.19 and a quick ratio of 1.57. The company has a market capitalization of $2.29 billion, a P/E ratio of -24.61 and a beta of 0.79. Mirion Technologies has a 1 year low of $6.70 and a 1 year high of $11.78.

Mirion Technologies (NYSE:MIR) last announced its earnings results on Tuesday, April 30th. The company reported $0.05 earnings per share (EPS) for the quarter. The firm had revenue of $192.60 million for the quarter. Mirion Technologies had a negative net margin of 7.80% and a positive return on equity of 3.83%.

Wall Street Analyst Weigh In

Separately, Citigroup upped their price target on shares of Mirion Technologies from $13.00 to $14.00 and gave the company a buy rating in a report on Monday, April 8th.

Insider Activity at Mirion Technologies

In related news, CEO Thomas D. Logan sold 7,500 shares of the company’s stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of $10.86, for a total transaction of $81,450.00. Following the transaction, the chief executive officer now directly owns 1,544,017 shares in the company, valued at approximately $16,768,024.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Thomas D. Logan sold 7,500 shares of the company’s stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of $10.86, for a total transaction of $81,450.00. Following the transaction, the chief executive officer now directly owns 1,544,017 shares in the company, valued at approximately $16,768,024.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Emmanuelle Lee sold 5,000 shares of the company’s stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $10.17, for a total transaction of $50,850.00. Following the transaction, the insider now owns 138,193 shares in the company, valued at $1,405,422.81. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 45,653 shares of company stock worth $487,194. Insiders own 2.20% 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.