Mirion Technologies (NYSE:MIR) Releases FY24 Earnings Guidance

Mirion Technologies (NYSE:MIR) issued an update on its FY24 earnings guidance on Thursday 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 $840.95-856.96 million, compared to the consensus revenue estimate of $852.17 million.

Mirion Technologies Trading Down 2.3 %

MIR stock traded down $0.24 during trading on Thursday, hitting $10.30. 1,051,607 shares of the company traded hands, compared to its average volume of 1,095,640. The company has a 50-day moving average of $10.67 and a 200-day moving average of $10.44. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.57 and a current ratio of 2.19. Mirion Technologies has a 1 year low of $6.70 and a 1 year high of $11.78. The firm has a market capitalization of $2.34 billion, a PE ratio of -25.12 and a beta of 0.79.

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

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

In related news, CEO Thomas D. Logan sold 7,500 shares of the company’s stock in a transaction on Wednesday, July 24th. The stock was sold at an average price of $10.87, for a total transaction of $81,525.00. Following the completion of the sale, the chief executive officer now owns 1,544,017 shares in the company, valued at $16,783,464.79. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, CEO Thomas D. Logan sold 7,500 shares of the firm’s stock in a transaction that occurred on Wednesday, July 24th. The shares were sold at an average price of $10.87, for a total value of $81,525.00. Following the transaction, the chief executive officer now owns 1,544,017 shares of the company’s stock, valued at $16,783,464.79. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Emmanuelle Lee sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 24th. The shares were sold at an average price of $10.80, for a total transaction of $54,000.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 45,653 shares of company stock valued at $487,194. Company insiders own 2.20% of the company’s stock.

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.