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 earnings per share (EPS) guidance of $0.37-$0.42 for the period, compared to the consensus 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 $0.26 during trading hours on Thursday, hitting $9.94. The company’s stock had a trading volume of 2,168,355 shares, compared to its average volume of 1,226,004. Mirion Technologies has a twelve month low of $6.70 and a twelve month high of $11.49. 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 stock has a fifty day moving average of $10.62 and a 200 day moving average of $9.66.

Mirion Technologies (NYSE:MIR) last posted its quarterly earnings results on Tuesday, February 13th. The company reported $0.12 earnings per share for the quarter. Mirion Technologies had a positive return on equity of 3.42% and a negative net margin of 9.87%. The company had revenue of $230.40 million for the quarter.

Analysts Set New Price Targets

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

Insider Buying and Selling

In other news, CFO Brian Schopfer sold 90,910 shares of the company’s stock in a transaction dated 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 transaction, the chief financial officer now directly owns 211,167 shares of the company’s stock, valued at $2,322,837. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 2.57% of the stock is currently owned by company insiders.

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.