Mirion Technologies (NYSE:MIR – Get Rating) issued an update on its FY 2022 earnings guidance on Friday morning. The company provided earnings per share guidance of $0.44-$0.49 for the period, compared to the consensus earnings per share estimate of $0.45. The company issued revenue guidance of -.
Mirion Technologies Stock Performance
NYSE MIR traded down $0.06 during trading on Friday, reaching $7.45. 1,052 shares of the stock traded hands, compared to its average volume of 876,028. The stock’s 50-day moving average price is $6.70 and its 200 day moving average price is $7.57. The company has a quick ratio of 1.47, a current ratio of 2.11 and a debt-to-equity ratio of 0.48. Mirion Technologies has a fifty-two week low of $5.40 and a fifty-two week high of $11.95.
Mirion Technologies (NYSE:MIR – Get Rating) last released its quarterly earnings results on Friday, July 29th. The company reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.01. The company had revenue of $175.80 million during the quarter, compared to analysts’ expectations of $181.12 million. Mirion Technologies had a negative net margin of 31.37% and a negative return on equity of 1.95%. The company’s revenue for the quarter was down 2.3% compared to the same quarter last year.
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Separately, The Goldman Sachs Group reduced their target price on shares of Mirion Technologies from $12.00 to $9.00 and set a buy rating for the company in a report on Thursday, June 23rd.
Hedge Funds Weigh In On Mirion Technologies
Several large investors have recently modified their holdings of MIR. BlackRock Inc. grew its position in shares of Mirion Technologies by 68.5% during the 1st quarter. BlackRock Inc. now owns 2,302,251 shares of the company’s stock worth $18,580,000 after purchasing an additional 935,824 shares in the last quarter. Lord Abbett & CO. LLC bought a new stake in shares of Mirion Technologies in the first quarter valued at approximately $4,426,000. Vanguard Group Inc. boosted its stake in shares of Mirion Technologies by 1.8% in the first quarter. Vanguard Group Inc. now owns 7,156,127 shares of the company’s stock valued at $57,750,000 after buying an additional 127,370 shares during the period. Invesco Ltd. bought a new stake in shares of Mirion Technologies in the first quarter valued at approximately $461,000. Finally, Gabelli Funds LLC boosted its stake in shares of Mirion Technologies by 9.2% in the first quarter. Gabelli Funds LLC now owns 604,688 shares of the company’s stock valued at $4,880,000 after buying an additional 51,122 shares during the period. 78.79% of the stock is owned by institutional investors.
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, and Japan. It operates through two segments, Medical and Industrial. The medical segment offers radiation oncology quality assurance and dosimetry solutions; patient safety solutions for diagnostic imaging and radiation therapy centers; radiation therapy quality assurance solutions for calibrating and verifying imaging and treatment accuracy; and radionuclide therapy products for nuclear medicine applications, such as shielding, product handling, medical imaging furniture, and rehabilitation products.
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