Mirion Technologies (NYSE:MIR) Posts Quarterly Earnings Results

Mirion Technologies (NYSE:MIR) issued its quarterly earnings data on Tuesday. The company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.01), FiscalAI reports. Mirion Technologies had a return on equity of 7.25% and a net margin of 3.11%.The business had revenue of $277.40 million for the quarter, compared to analyst estimates of $281.17 million. During the same quarter in the prior year, the firm posted $0.17 earnings per share. The business’s quarterly revenue was up 9.1% on a year-over-year basis. Mirion Technologies updated its FY 2026 guidance to 0.500-0.570 EPS.

Mirion Technologies Stock Performance

NYSE:MIR traded up $0.34 during mid-day trading on Thursday, hitting $21.39. 2,236,868 shares of the company’s stock traded hands, compared to its average volume of 2,803,641. The firm has a market capitalization of $5.43 billion, a price-to-earnings ratio of 193.50 and a beta of 0.97. The firm has a 50 day moving average of $24.81 and a two-hundred day moving average of $23.96. The company has a current ratio of 4.83, a quick ratio of 4.32 and a debt-to-equity ratio of 0.63. Mirion Technologies has a 12 month low of $12.00 and a 12 month high of $30.28.

Insider Activity

In related news, Director Lawrence D. Kingsley sold 350,000 shares of the business’s stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $24.73, for a total transaction of $8,655,500.00. Following the transaction, the director owned 3,509,075 shares of the company’s stock, valued at approximately $86,779,424.75. The trade was a 9.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 6.30% of the company’s stock.

Hedge Funds Weigh In On Mirion Technologies

Several institutional investors and hedge funds have recently added to or reduced their stakes in MIR. Advisory Services Network LLC acquired a new stake in shares of Mirion Technologies during the 3rd quarter valued at about $25,000. EverSource Wealth Advisors LLC boosted its position in Mirion Technologies by 470.1% in the second quarter. EverSource Wealth Advisors LLC now owns 1,642 shares of the company’s stock valued at $35,000 after buying an additional 1,354 shares in the last quarter. Global Retirement Partners LLC increased its holdings in shares of Mirion Technologies by 78.4% during the fourth quarter. Global Retirement Partners LLC now owns 2,018 shares of the company’s stock worth $47,000 after buying an additional 887 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of Mirion Technologies by 1,917.5% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,571 shares of the company’s stock valued at $84,000 after acquiring an additional 3,394 shares during the last quarter. Finally, Parallel Advisors LLC boosted its holdings in shares of Mirion Technologies by 105.0% in the 4th quarter. Parallel Advisors LLC now owns 3,714 shares of the company’s stock worth $87,000 after acquiring an additional 1,902 shares in the last quarter. 78.51% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently commented on MIR. Evercore assumed coverage on shares of Mirion Technologies in a research note on Tuesday, November 25th. They set an “outperform” rating and a $29.00 price objective on the stock. Morgan Stanley began coverage on Mirion Technologies in a research note on Friday, January 23rd. They set an “equal weight” rating and a $29.00 price objective for the company. JPMorgan Chase & Co. lifted their price target on Mirion Technologies from $28.00 to $34.00 and gave the stock an “overweight” rating in a research note on Thursday, October 30th. Finally, Citigroup decreased their price objective on shares of Mirion Technologies from $35.00 to $33.00 and set a “buy” rating for the company in a research note on Monday, December 8th. Seven equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $28.38.

Mirion Technologies Company Profile

Mirion Technologies Inc (NYSE: MIR) is a leading global provider of radiation detection, measurement and monitoring solutions. The company’s portfolio includes instrumentation, software and service offerings designed to detect, quantify and manage radiation in nuclear power, oil and gas, defense and homeland security, medical imaging and diagnostic applications. Mirion’s product suite spans personal and environmental dosimetry, area monitors, digital imaging detectors and turnkey solutions for decommissioning and environmental remediation projects.

Mirion traces its origins to the combination of several established radiation measurement businesses, including the former Canberra nuclear instrumentation division, and has been supported by private equity investors before completing its initial public offering on the New York Stock Exchange in 2023.