Mirion Technologies (NYSE:MIR) Issues Quarterly Earnings Results

Mirion Technologies (NYSE:MIR) posted its earnings results on Tuesday. The company reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.02, FiscalAI reports. Mirion Technologies had a return on equity of 6.44% and a net margin of 2.56%.The firm had revenue of $266.80 million during the quarter, compared to analysts’ expectations of $269.32 million. During the same period in the previous year, the firm earned $0.11 earnings per share. The company’s revenue was up 19.7% on a year-over-year basis. Mirion Technologies updated its FY 2026 guidance to 0.480-0.550 EPS.

Mirion Technologies Stock Down 6.6%

MIR stock opened at $15.69 on Wednesday. The company has a debt-to-equity ratio of 0.63, a current ratio of 3.19 and a quick ratio of 2.63. The stock has a market capitalization of $3.93 billion, a P/E ratio of 159.81 and a beta of 1.03. Mirion Technologies has a fifty-two week low of $15.57 and a fifty-two week high of $30.28. The business has a 50-day moving average of $17.28 and a 200-day moving average of $19.91.

Insider Transactions at Mirion Technologies

In related news, CAO Christopher A. Moore sold 8,400 shares of Mirion Technologies stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $19.64, for a total value of $164,976.00. Following the sale, the chief accounting officer owned 22,157 shares of the company’s stock, valued at approximately $435,163.48. This trade represents a 27.49% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 2.20% of the company’s stock.

Hedge Funds Weigh In On Mirion Technologies

A number of large investors have recently bought and sold shares of the company. VARCOV Co. bought a new stake in shares of Mirion Technologies in the fourth quarter worth $254,000. Van ECK Associates Corp bought a new position in Mirion Technologies in the third quarter valued at $244,000. CIBC Asset Management Inc bought a new position in Mirion Technologies in the fourth quarter valued at $230,000. Weiss Asset Management LP acquired a new stake in Mirion Technologies in the 4th quarter valued at $228,000. Finally, Captrust Financial Advisors acquired a new stake in Mirion Technologies in the 2nd quarter valued at $220,000. Institutional investors and hedge funds own 78.51% of the company’s stock.

Analyst Upgrades and Downgrades

MIR has been the topic of a number of research analyst reports. Citigroup dropped their price target on Mirion Technologies from $29.00 to $28.00 and set a “buy” rating on the stock in a research report on Thursday, April 30th. Weiss Ratings lowered Mirion Technologies from a “sell (d+)” rating to a “sell (d)” rating in a research report on Monday, July 20th. The Goldman Sachs Group lowered their target price on Mirion Technologies from $28.00 to $25.00 and set a “buy” rating for the company in a research note on Friday, July 10th. Finally, Morgan Stanley dropped their target price on shares of Mirion Technologies from $27.00 to $25.00 and set an “equal weight” rating on the stock in a report on Monday, July 13th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Mirion Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $27.00.

About Mirion Technologies

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.