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

Mirion Technologies (NYSE:MIR) updated its FY 2024 earnings guidance on Thursday. 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.

Analyst Upgrades and Downgrades

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

Mirion Technologies Stock Down 2.0 %

NYSE MIR traded down $0.21 during trading on Friday, reaching $10.09. 2,047,886 shares of the company’s stock were exchanged, compared to its average volume of 991,131. Mirion Technologies has a fifty-two week low of $6.70 and a fifty-two week high of $11.78. The company’s fifty day simple moving average is $10.65 and its 200-day simple moving average is $10.44. The company has a current ratio of 2.19, a quick ratio of 1.57 and a debt-to-equity ratio of 0.45. The firm has a market capitalization of $2.29 billion, a PE ratio of -24.61 and a beta of 0.79.

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

Insiders Place Their Bets

In other Mirion Technologies news, CEO Thomas D. Logan sold 7,500 shares of Mirion Technologies stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $10.86, for a total value of $81,450.00. Following the transaction, the chief executive officer now directly owns 1,544,017 shares of the company’s stock, valued at approximately $16,768,024.62. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, insider Emmanuelle Lee sold 5,000 shares of Mirion Technologies stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $10.17, for a total transaction of $50,850.00. Following the sale, the insider now owns 138,193 shares of the company’s stock, valued at approximately $1,405,422.81. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Thomas D. Logan sold 7,500 shares of Mirion Technologies stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $10.86, for a total value of $81,450.00. Following the sale, the chief executive officer now directly owns 1,544,017 shares in the company, valued at approximately $16,768,024.62. The disclosure for this sale can be found here. Insiders have sold a total of 45,653 shares of company stock valued at $487,194 in the last three months. 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.