Mirion Technologies (NYSE:MIR) Releases Quarterly Earnings Results

On Tuesday, Mirion Technologies (NYSE:MIR - Get Free Report) announced its quarterly earnings results. The company reported an earnings per share (EPS) of $0.16 for the quarter, surpassing analysts' expectations of $0.14 by $0.02, as noted by Zacks. Despite this positive result, Mirion Technologies experienced a negative net margin of 7.84% while maintaining a return on equity of 4.33%. Additionally, the company provided an updated guidance for fiscal year 2025, estimating an EPS range of $0.450 to $0.500.

Mirion Technologies Stock Performance

On the day of the announcement, shares of NYSE:MIR fell by $0.15, reaching a price of $16.16. A total of 2,083,548 shares were traded, in comparison to the average volume of 2,032,644 shares. The company's 50-day moving average stands at $17.02, while the 200-day moving average is $14.03. Over the past year, Mirion Technologies’ stock experienced fluctuations, with a low of $9.11 and a high of $18.81. The company is currently characterized by a debt-to-equity ratio of 0.43, a quick ratio of 1.55, and a current ratio of 2.16. Its market capitalization is estimated at $3.75 billion, with a price-to-earnings ratio of -47.51 and a beta of 0.73.

Analysts Set New Price Targets

In recent comments, several research analysts have provided updates regarding the stock performance of Mirion Technologies. An analyst from The Goldman Sachs Group raised their target price for Mirion's shares from $16.00 to $21.00 and assigned a "buy" rating on December 12. Robert W. Baird initiated coverage on December 19, stating an "outperform" rating with a target price of $22.00. The same firm later upgraded Mirion Technologies to a "strong-buy" rating. Additionally, Citigroup raised their target price for the company from $18.00 to $20.00, also giving the stock a "buy" rating on December 4. Overall, three analysts have assigned a buy rating and two have given a strong buy rating to the company's stock, leading to an average rating of "Buy" with a consensus target price of $19.25, according to data from MarketBeat.com.

About Mirion Technologies

Mirion Technologies, Inc specializes in radiation detection, measurement, analysis, and monitoring products and services. The company operates in multiple countries, including the United States, Canada, the United Kingdom, France, Germany, Finland, China, Belgium, Netherlands, Estonia, South Korea, and Japan. It has two main segments: Medical and Technologies.

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