Mirion Technologies (NYSE:MIR) Releases FY24 Earnings Guidance

Mirion Technologies (NYSE:MIR) issued an update on its FY24 earnings guidance on Tuesday morning. The company provided EPS guidance of $0.37-0.42 for the period, compared to the consensus EPS 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.

Mirion Technologies Trading Up 5.2 %

Shares of NYSE MIR traded up $0.73 during trading on Wednesday, hitting $14.80. 6,569,529 shares of the company traded hands, compared to its average volume of 1,281,899. The firm has a market capitalization of $3.44 billion, a P/E ratio of -42.09 and a beta of 0.79. The company has a quick ratio of 1.55, a current ratio of 2.18 and a debt-to-equity ratio of 0.44. The company has a 50-day moving average price of $11.59 and a 200-day moving average price of $10.94. Mirion Technologies has a 1 year low of $6.70 and a 1 year high of $14.98.

Mirion Technologies (NYSE:MIR) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.03. The firm had revenue of $207.10 million during the quarter, compared to the consensus estimate of $210.77 million. Mirion Technologies had a positive return on equity of 3.81% and a negative net margin of 7.80%. The firm’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.08 earnings per share. On average, equities analysts predict that Mirion Technologies will post 0.31 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, B. Riley initiated coverage on shares of Mirion Technologies in a research report on Thursday, September 26th. They set a “buy” rating and a $14.00 price target on the stock.

Insiders Place Their Bets

In related news, CEO Thomas D. Logan sold 7,500 shares of the firm’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $11.00, for a total transaction of $82,500.00. Following the sale, the chief executive officer now directly owns 1,544,017 shares in the company, valued at approximately $16,984,187. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, insider Emmanuelle Lee sold 5,000 shares of the business’s 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 transaction, the insider now owns 138,193 shares in the company, valued at approximately $1,464,845.80. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Thomas D. Logan sold 7,500 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $11.00, for a total value of $82,500.00. Following the sale, the chief executive officer now owns 1,544,017 shares of the company’s stock, valued at approximately $16,984,187. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 49,639 shares of company stock worth $539,247 over the last quarter. 2.20% of the stock is 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.