Mirion Technologies (NYSE:MIR) Issues FY24 Earnings Guidance

Mirion Technologies (NYSE:MIR) updated its FY24 earnings guidance on Tuesday. 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 $840.9-$856.9 million, compared to the consensus revenue estimate of $848.25 million. Mirion Technologies also updated its FY 2024 guidance to 0.370-0.420 EPS.

Mirion Technologies Stock Performance

Shares of Mirion Technologies stock traded down $0.16 during trading on Tuesday, hitting $10.86. 2,312,267 shares of the stock were exchanged, compared to its average volume of 1,167,114. The stock has a market cap of $2.46 billion, a PE ratio of -21.72 and a beta of 0.81. The stock’s fifty day moving average is $10.59 and its 200 day moving average is $9.63. Mirion Technologies has a 12 month low of $6.70 and a 12 month high of $11.49. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.48 and a current ratio of 2.03.

Mirion Technologies (NYSE:MIR) last announced its quarterly earnings results on Tuesday, February 13th. The company reported $0.12 EPS for the quarter. The company had revenue of $230.40 million for the quarter. Mirion Technologies had a negative net margin of 12.01% and a positive return on equity of 3.09%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on MIR. TheStreet upgraded Mirion Technologies from a d rating to a b- rating in a research report on Wednesday, February 14th. Citigroup increased their price objective on shares of Mirion Technologies from $13.00 to $14.00 and gave the company a buy rating in a report on Monday, April 8th.

Insider Buying and Selling

In other news, CFO Brian Schopfer sold 90,910 shares of the firm’s stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $11.00, for a total transaction of $1,000,010.00. Following the completion of the sale, the chief financial officer now directly owns 211,167 shares of the company’s stock, valued at approximately $2,322,837. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 2.57% of the company’s stock.

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.