Mirion Technologies (NYSE:MIR) Announces Earnings Results

Mirion Technologies (NYSE:MIR) released its earnings results on Tuesday. The company reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.02, FiscalAI reports. Mirion Technologies had a return on equity of 6.44% and a net margin of 2.56%.The business had revenue of $266.80 million for the quarter, compared to analyst estimates of $269.32 million. Mirion Technologies updated its FY 2026 guidance to 0.480-0.550 EPS.

Mirion Technologies Stock Up 0.1%

Shares of MIR stock traded up $0.02 during trading hours on Tuesday, reaching $16.87. 4,398,274 shares of the company’s stock were exchanged, compared to its average volume of 3,662,523. Mirion Technologies has a fifty-two week low of $15.57 and a fifty-two week high of $30.28. The stock’s 50 day moving average is $17.31 and its 200-day moving average is $19.96. The company has a current ratio of 3.19, a quick ratio of 2.63 and a debt-to-equity ratio of 0.63. The company has a market cap of $4.23 billion, a price-to-earnings ratio of 168.72 and a beta of 1.03.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. The Goldman Sachs Group cut their price target on shares of Mirion Technologies from $28.00 to $25.00 and set a “buy” rating on the stock in a report on Friday, July 10th. Weiss Ratings lowered shares of Mirion Technologies from a “sell (d+)” rating to a “sell (d)” rating in a report on Monday, July 20th. Robert W. Baird lowered their price objective on shares of Mirion Technologies from $29.00 to $26.00 and set an “outperform” rating for the company in a research report on Monday, March 30th. Morgan Stanley reduced their target price on shares of Mirion Technologies from $27.00 to $25.00 and set an “equal weight” rating on the stock in a research report on Monday, July 13th. Finally, Citigroup decreased their price target on shares of Mirion Technologies from $29.00 to $28.00 and set a “buy” rating for the company in a research note on Thursday, April 30th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $27.00.

Insider Buying and Selling

In other Mirion Technologies news, CAO Christopher A. Moore sold 8,400 shares of the stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $19.64, for a total value of $164,976.00. Following the completion of the sale, the chief accounting officer directly owned 22,157 shares in the company, valued at approximately $435,163.48. This trade represents a 27.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 6.30% of the company’s stock.

Institutional Investors Weigh In On Mirion Technologies

A number of large investors have recently modified their holdings of the business. Advisory Services Network LLC acquired a new position in shares of Mirion Technologies during the third quarter valued at about $25,000. UMB Bank n.a. grew its position in Mirion Technologies by 175.4% during the 4th quarter. UMB Bank n.a. now owns 1,344 shares of the company’s stock worth $31,000 after purchasing an additional 856 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in Mirion Technologies by 470.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,642 shares of the company’s stock valued at $35,000 after purchasing an additional 1,354 shares in the last quarter. Steward Partners Investment Advisory LLC raised its holdings in shares of Mirion Technologies by 58.5% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,709 shares of the company’s stock worth $40,000 after buying an additional 631 shares during the last quarter. Finally, Global Retirement Partners LLC raised its holdings in shares of Mirion Technologies by 78.4% in the fourth quarter. Global Retirement Partners LLC now owns 2,018 shares of the company’s stock worth $47,000 after buying an additional 887 shares during the last quarter. Hedge funds and other institutional investors own 78.51% of the company’s stock.

Mirion Technologies Company Profile

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.