Mirion Technologies (NYSE:MIR) Announces Quarterly Earnings Results

Mirion Technologies (NYSE:MIR) issued its quarterly earnings data on Tuesday. The company reported $0.12 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.12, Zacks reports. Mirion Technologies had a net margin of 2.39% and a return on equity of 6.59%. The business had revenue of $277.80 million for the quarter, compared to the consensus estimate of $275.35 million. During the same period in the previous year, the firm earned $0.01 EPS.

Mirion Technologies Price Performance

MIR stock traded up $0.41 during mid-day trading on Tuesday, hitting $15.33. The company had a trading volume of 7,066,375 shares, compared to its average volume of 3,780,928. The company has a 50-day moving average price of $15.54 and a 200 day moving average price of $18.52. Mirion Technologies has a 12-month low of $14.04 and a 12-month high of $30.28. The company has a market capitalization of $3.82 billion, a price-to-earnings ratio of 153.26 and a beta of 1.10. The company has a quick ratio of 2.63, a current ratio of 3.20 and a debt-to-equity ratio of 0.64.

Wall Street Analysts Forecast Growth

MIR has been the topic of a number of analyst reports. Morgan Stanley dropped their price target on shares of Mirion Technologies from $27.00 to $25.00 and set an “equal weight” rating on the stock in a research note on Monday, July 13th. Citigroup reduced their price objective on Mirion Technologies from $28.00 to $24.00 and set a “buy” rating for the company in a research report on Thursday, July 30th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $23.00 target price on shares of Mirion Technologies in a report on Wednesday, July 29th. Weiss Ratings upgraded Mirion Technologies from a “sell (d)” rating to a “hold (c)” rating in a research note on Monday, August 3rd. Finally, Jefferies Financial Group started coverage on Mirion Technologies in a report on Thursday, September 3rd. They set a “buy” rating and a $20.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $25.12.

About Mirion Technologies

Mirion Technologies, Inc develops, manufactures and supplies radiation detection, measurement and analysis technologies. Its products are designed to detect and measure ionizing radiation, monitor exposure and contamination, and support the safe management of radioactive materials and environments.

The company serves a range of end markets, including nuclear power, healthcare, defense and national security, scientific research, industrial operations and laboratories. Its offerings include radiation detectors, dosimetry systems, spectroscopy and monitoring equipment, radiation safety software, and related services.