Research Analysts Issue Forecasts for Mirion Technologies, Inc.’s Q3 2024 Earnings (NYSE:MIR)

Mirion Technologies, Inc. (NYSE:MIR) – Equities research analysts at B. Riley issued their Q3 2024 earnings per share estimates for shares of Mirion Technologies in a research report issued to clients and investors on Wednesday, September 25th. B. Riley analyst Y. Zhi forecasts that the company will earn $0.11 per share for the quarter. B. Riley has a “Strong-Buy” rating on the stock. B. Riley also issued estimates for Mirion Technologies’ Q4 2024 earnings at $0.10 EPS and FY2024 earnings at $0.37 EPS.

Mirion Technologies Trading Up 0.3 %

Mirion Technologies stock opened at $11.05 on Monday. The firm has a 50-day moving average of $10.41 and a 200-day moving average of $10.60. Mirion Technologies has a one year low of $6.70 and a one year high of $11.78. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.18 and a quick ratio of 1.55. The company has a market cap of $2.51 billion, a price-to-earnings ratio of -26.95 and a beta of 0.79.

Mirion Technologies (NYSE:MIR) last released its earnings results on Thursday, August 1st. The company reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.03. Mirion Technologies had a positive return on equity of 3.81% and a negative net margin of 7.80%. The firm had revenue of $207.10 million during the quarter, compared to analysts’ expectations of $210.77 million. During the same quarter in the prior year, the company earned $0.08 EPS. The company’s revenue was up 5.0% on a year-over-year basis.

Institutional Investors Weigh In On Mirion Technologies

Several hedge funds have recently bought and sold shares of the company. Algert Global LLC acquired a new stake in Mirion Technologies in the 2nd quarter valued at about $189,000. The Manufacturers Life Insurance Company lifted its stake in Mirion Technologies by 4.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 110,022 shares of the company’s stock valued at $1,182,000 after purchasing an additional 4,957 shares during the last quarter. Millennium Management LLC lifted its stake in Mirion Technologies by 509.8% in the 2nd quarter. Millennium Management LLC now owns 533,534 shares of the company’s stock valued at $5,730,000 after purchasing an additional 446,034 shares during the last quarter. Maverick Capital Ltd. lifted its stake in Mirion Technologies by 291.9% in the 2nd quarter. Maverick Capital Ltd. now owns 159,811 shares of the company’s stock valued at $1,716,000 after purchasing an additional 119,037 shares during the last quarter. Finally, Squarepoint Ops LLC lifted its stake in Mirion Technologies by 456.7% in the 2nd quarter. Squarepoint Ops LLC now owns 152,070 shares of the company’s stock valued at $1,633,000 after purchasing an additional 124,752 shares during the last quarter. 78.51% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Mirion Technologies

In other news, insider Emmanuelle Lee sold 5,000 shares of the stock in a transaction dated Wednesday, July 24th. The shares were sold at an average price of $10.80, for a total transaction of $54,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, insider Emmanuelle Lee sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, July 24th. The shares were sold at an average price of $10.80, for a total value of $54,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Thomas D. Logan sold 7,500 shares of the firm’s stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $10.47, for a total transaction of $78,525.00. Following the completion of the sale, the chief executive officer now owns 1,544,017 shares of the company’s stock, valued at $16,165,857.99. The disclosure for this sale can be found here. Insiders sold a total of 54,639 shares of company stock worth $568,947 in the last three months. Insiders own 2.20% of the company’s stock.

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.