Mirion Technologies (NYSE:MIR) Releases Quarterly Earnings Results, Beats Expectations By $0.02 EPS

Mirion Technologies (NYSE:MIR) released its quarterly earnings results on Tuesday. The company reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.02, FiscalAI reports. The business had revenue of $266.80 million during the quarter, compared to analyst estimates of $269.32 million. Mirion Technologies had a return on equity of 6.44% and a net margin of 2.56%. Mirion Technologies updated its FY 2026 guidance to 0.480-0.550 EPS.

Mirion Technologies Stock Up 0.1%

MIR traded up $0.02 on Tuesday, reaching $16.87. 4,398,800 shares of the company traded hands, compared to its average volume of 3,662,534. The company has a market cap of $4.23 billion, a price-to-earnings ratio of 168.72 and a beta of 1.03. 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’s 50 day moving average price is $17.31 and its 200-day moving average price is $19.96. Mirion Technologies has a 52-week low of $15.57 and a 52-week high of $30.28.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Citigroup decreased their target price on shares of Mirion Technologies from $29.00 to $28.00 and set a “buy” rating for the company in a report on Thursday, April 30th. Weiss Ratings downgraded shares of Mirion Technologies from a “sell (d+)” rating to a “sell (d)” rating in a research report on Monday, July 20th. Robert W. Baird decreased their price objective on shares of Mirion Technologies from $29.00 to $26.00 and set an “outperform” rating for the company in a research note on Monday, March 30th. The Goldman Sachs Group lowered their price objective on shares of Mirion Technologies from $28.00 to $25.00 and set a “buy” rating on the stock in a research report on Friday, July 10th. Finally, Morgan Stanley reduced their target price on Mirion Technologies from $27.00 to $25.00 and set an “equal weight” rating for the company in a report on Monday, July 13th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Mirion Technologies currently has an average rating of “Moderate Buy” and a consensus price target of $27.00.

Insider Transactions at Mirion Technologies

In other Mirion Technologies news, CAO Christopher A. Moore sold 8,400 shares of Mirion Technologies stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $19.64, for a total transaction of $164,976.00. Following the completion of the sale, the chief accounting officer owned 22,157 shares of the company’s stock, valued at $435,163.48. This trade represents a 27.49% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 6.30% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Mirion Technologies

A number of hedge funds and other institutional investors have recently made changes to their positions in MIR. Kestra Advisory Services LLC bought a new position in Mirion Technologies during the fourth quarter valued at approximately $176,000. US Bancorp DE boosted its holdings in Mirion Technologies by 6.6% during the third quarter. US Bancorp DE now owns 6,874 shares of the company’s stock valued at $160,000 after acquiring an additional 425 shares during the period. Smartleaf Asset Management LLC grew its holdings in Mirion Technologies by 18.1% in the 2nd quarter. Smartleaf Asset Management LLC now owns 6,146 shares of the company’s stock valued at $133,000 after buying an additional 941 shares during the last quarter. Osaic Holdings Inc. increased its position in Mirion Technologies by 803.7% in the 2nd quarter. Osaic Holdings Inc. now owns 5,802 shares of the company’s stock worth $125,000 after buying an additional 5,160 shares during the period. Finally, Public Employees Retirement System of Ohio increased its position in Mirion Technologies by 670.8% in the 4th quarter. Public Employees Retirement System of Ohio now owns 5,226 shares of the company’s stock worth $122,000 after buying an additional 4,548 shares during the period. 78.51% of the stock is owned by hedge funds and other institutional investors.

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.