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

Mirion Technologies (NYSE:MIR) updated its FY 2024 earnings guidance on Tuesday. The company provided earnings per share guidance of 0.370-0.420 for the period, compared to the consensus earnings per share estimate of 0.390. The company issued revenue guidance of $840.9 million-$857.0 million, compared to the consensus revenue estimate of $848.3 million. Mirion Technologies also updated its FY24 guidance to $0.37-$0.42 EPS.

Analyst Ratings Changes

Several brokerages recently commented on MIR. Citigroup upped their price target on shares of Mirion Technologies from $13.00 to $14.00 and gave the stock a buy rating in a research report on Monday, April 8th. TheStreet raised shares of Mirion Technologies from a d rating to a b- rating in a research report on Wednesday, February 14th.

Mirion Technologies Trading Down 1.5 %

MIR stock traded down $0.16 on Tuesday, hitting $10.86. 2,312,267 shares of the company were exchanged, compared to its average volume of 1,167,114. Mirion Technologies has a twelve month low of $6.70 and a twelve month high of $11.49. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.03 and a quick ratio of 1.48. The business’s fifty day moving average is $10.61 and its two-hundred day moving average is $9.65. The stock has a market capitalization of $2.46 billion, a price-to-earnings ratio of -21.72 and a beta of 0.81.

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

Insider Transactions at Mirion Technologies

In other news, CFO Brian Schopfer sold 90,910 shares of the stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $11.00, for a total value of $1,000,010.00. Following the completion of the sale, the chief financial officer now owns 211,167 shares of the company’s stock, valued at $2,322,837. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 2.57% 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.