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

Mirion Technologies (NYSE:MIR) updated its FY 2024 earnings guidance on Thursday. 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 $852.2 million. Mirion Technologies also updated its FY24 guidance to $0.37-0.42 EPS.

Mirion Technologies Stock Down 2.3 %

Shares of NYSE:MIR traded down $0.24 during trading on Thursday, hitting $10.30. 1,051,607 shares of the company were exchanged, compared to its average volume of 1,095,640. The firm’s 50 day moving average price is $10.67 and its 200-day moving average price is $10.44. Mirion Technologies has a 12-month low of $6.70 and a 12-month high of $11.78. 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 stock has a market capitalization of $2.34 billion, a P/E ratio of -25.12 and a beta of 0.79.

Mirion Technologies (NYSE:MIR) last announced its quarterly earnings results on Tuesday, April 30th. The company reported $0.05 earnings per share for the quarter. The firm had revenue of $192.60 million during the quarter. Mirion Technologies had a negative net margin of 9.87% and a positive return on equity of 3.44%.

Analyst Upgrades and Downgrades

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

Insider Transactions at Mirion Technologies

In other Mirion Technologies news, insider Emmanuelle Lee sold 5,000 shares of the firm’s stock in a transaction on 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 directly owns 138,193 shares of the company’s stock, valued at approximately $1,405,422.81. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Mirion Technologies news, insider Emmanuelle Lee sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $10.17, for a total transaction of $50,850.00. Following the completion of the sale, the insider now directly owns 138,193 shares of the company’s stock, valued at approximately $1,405,422.81. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Thomas D. Logan sold 7,500 shares of Mirion Technologies stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $10.86, for a total value of $81,450.00. Following the completion of the transaction, the chief executive officer now owns 1,544,017 shares in the company, valued at $16,768,024.62. The disclosure for this sale can be found here. Over 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.

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.