Mirion Technologies (NYSE:MIR) Issues FY 2024 Earnings Guidance

Mirion Technologies (NYSE:MIR) issued an update on its FY 2024 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 0.370-0.420 for the period, compared to the consensus estimate of 0.390. The company issued revenue guidance of $840.9 million-$857.0 million, compared to the consensus revenue estimate of $852.2 million. Mirion Technologies also updated its FY24 guidance to $0.37-0.42 EPS.

Mirion Technologies Stock Down 2.0 %

MIR traded down $0.21 during trading hours on Friday, hitting $10.09. 2,047,886 shares of the company’s stock were exchanged, compared to its average volume of 991,131. The stock has a market cap of $2.29 billion, a price-to-earnings ratio of -24.61 and a beta of 0.79. The company has a quick ratio of 1.57, a current ratio of 2.19 and a debt-to-equity ratio of 0.45. The stock’s 50-day moving average is $10.65 and its two-hundred day moving average is $10.44. Mirion Technologies has a 1-year low of $6.70 and a 1-year high of $11.78.

Mirion Technologies (NYSE:MIR) last released its quarterly earnings results on Tuesday, April 30th. The company reported $0.05 EPS for the quarter. The business had revenue of $192.60 million for the quarter. Mirion Technologies had a negative net margin of 7.80% and a positive return on equity of 3.83%.

Wall Street Analysts Forecast Growth

Separately, Citigroup boosted their price target on shares of Mirion Technologies from $13.00 to $14.00 and gave the stock a buy rating in a report on Monday, April 8th.

Insider Transactions at Mirion Technologies

In related news, CAO Christopher A. Moore sold 8,153 shares of the business’s stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $10.29, for a total transaction of $83,894.37. Following the completion of the sale, the chief accounting officer now directly owns 28,128 shares in the company, valued at $289,437.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Thomas D. Logan sold 7,500 shares of the company’s stock in a transaction on Wednesday, July 24th. The shares were sold at an average price of $10.87, for a total transaction of $81,525.00. Following the sale, 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 available through the SEC website. Also, CAO Christopher A. Moore sold 8,153 shares of the business’s stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $10.29, for a total transaction of $83,894.37. Following the transaction, the chief accounting officer now owns 28,128 shares in the company, valued at approximately $289,437.12. The disclosure for this sale can be found here. Insiders sold 45,653 shares of company stock worth $487,194 over the last three months. 2.20% of the stock is currently owned by company insiders.

About Mirion Technologies

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.