Mirion Technologies (NYSE:MIR) Posts Earnings Results, Misses Expectations By $0.01 EPS

Mirion Technologies (NYSE:MIR) posted its quarterly earnings results on Tuesday. The company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.01), FiscalAI reports. The firm had revenue of $277.40 million for the quarter, compared to analyst estimates of $281.17 million. Mirion Technologies had a net margin of 2.93% and a return on equity of 7.09%. The business’s revenue was up 9.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.17 earnings per share. Mirion Technologies updated its FY 2026 guidance to 0.500-0.570 EPS.

Mirion Technologies Stock Down 2.5%

MIR opened at $23.49 on Wednesday. The company has a debt-to-equity ratio of 0.63, a current ratio of 4.83 and a quick ratio of 4.32. Mirion Technologies has a 12 month low of $12.00 and a 12 month high of $30.28. The stock’s 50 day moving average price is $24.89 and its 200 day moving average price is $23.98. The stock has a market cap of $5.96 billion, a P/E ratio of 213.56 and a beta of 0.97.

Insider Activity at Mirion Technologies

In related news, Director Lawrence D. Kingsley sold 350,000 shares of Mirion Technologies stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $24.73, for a total transaction of $8,655,500.00. Following the sale, the director directly owned 3,509,075 shares in the company, valued at $86,779,424.75. The trade was a 9.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.20% of the company’s stock.

Hedge Funds Weigh In On Mirion Technologies

Several large investors have recently bought and sold shares of the stock. UBS Group AG lifted its stake in shares of Mirion Technologies by 181.4% in the 3rd quarter. UBS Group AG now owns 4,796,833 shares of the company’s stock worth $111,574,000 after acquiring an additional 3,092,136 shares during the period. Invesco Ltd. raised its holdings in Mirion Technologies by 5.3% during the third quarter. Invesco Ltd. now owns 2,756,890 shares of the company’s stock worth $64,125,000 after purchasing an additional 139,638 shares in the last quarter. Northern Trust Corp lifted its position in Mirion Technologies by 21.6% in the third quarter. Northern Trust Corp now owns 2,349,786 shares of the company’s stock worth $54,656,000 after purchasing an additional 416,930 shares during the period. Raymond James Financial Inc. boosted its stake in Mirion Technologies by 14.8% during the 2nd quarter. Raymond James Financial Inc. now owns 1,972,536 shares of the company’s stock valued at $42,469,000 after purchasing an additional 254,688 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its position in shares of Mirion Technologies by 559.9% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,717,192 shares of the company’s stock valued at $39,942,000 after purchasing an additional 1,456,987 shares during the period. Institutional investors and hedge funds own 78.51% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on MIR. Morgan Stanley started coverage on shares of Mirion Technologies in a report on Friday, January 23rd. They set an “equal weight” rating and a $29.00 target price on the stock. Evercore started coverage on shares of Mirion Technologies in a research report on Tuesday, November 25th. They set an “outperform” rating and a $29.00 price objective for the company. JPMorgan Chase & Co. raised their target price on shares of Mirion Technologies from $28.00 to $34.00 and gave the stock an “overweight” rating in a report on Thursday, October 30th. Finally, Citigroup decreased their target price on Mirion Technologies from $35.00 to $33.00 and set a “buy” rating for the company in a research note on Monday, December 8th. Seven investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $28.38.

About Mirion Technologies

Mirion Technologies Inc (NYSE: MIR) is a leading global provider of radiation detection, measurement and monitoring solutions. The company’s portfolio includes instrumentation, software and service offerings designed to detect, quantify and manage radiation in nuclear power, oil and gas, defense and homeland security, medical imaging and diagnostic applications. Mirion’s product suite spans personal and environmental dosimetry, area monitors, digital imaging detectors and turnkey solutions for decommissioning and environmental remediation projects.

Mirion traces its origins to the combination of several established radiation measurement businesses, including the former Canberra nuclear instrumentation division, and has been supported by private equity investors before completing its initial public offering on the New York Stock Exchange in 2023.