Mirion Technologies (NYSE:MIR) Issues 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.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Citigroup raised their price objective on 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 Price Performance

Mirion Technologies stock traded down $0.26 during midday trading on Thursday, hitting $9.94. 2,168,355 shares of the company were exchanged, compared to its average volume of 1,226,004. Mirion Technologies has a fifty-two week low of $6.70 and a fifty-two week high of $11.49. The business has a fifty day simple moving average of $10.62 and a two-hundred day simple moving average of $9.66. The company has a quick ratio of 1.48, a current ratio of 2.03 and a debt-to-equity ratio of 0.44.

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

Insiders Place Their Bets

In other Mirion Technologies news, CFO Brian Schopfer sold 90,910 shares of the business’s stock in a transaction that occurred 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 in the company, valued at approximately $2,322,837. The transaction was disclosed in a document filed with the SEC, which is available through this link. 2.57% of the stock is currently owned by company insiders.

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.