Mirion Technologies (NYSE:MIR) Updates FY24 Earnings Guidance

Mirion Technologies (NYSE:MIR) issued an update on its FY24 earnings guidance on Tuesday morning. 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 Price Performance

NYSE:MIR traded down $0.16 during trading hours on Tuesday, reaching $10.86. 2,312,267 shares of the company were exchanged, compared to its average volume of 1,167,114. The company has a current ratio of 2.03, a quick ratio of 1.48 and a debt-to-equity ratio of 0.44. The firm has a market cap of $2.46 billion, a PE ratio of -21.72 and a beta of 0.81. Mirion Technologies has a twelve month low of $6.70 and a twelve month high of $11.49. The stock’s 50-day moving average is $10.59 and its 200-day moving average is $9.63.

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

Wall Street Analyst Weigh In

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

Insider Buying and Selling at Mirion Technologies

In related news, CFO Brian Schopfer sold 90,910 shares of the business’s stock in a transaction dated 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 sale, the chief financial officer now directly owns 211,167 shares in the company, valued at approximately $2,322,837. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company 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.