Mirion Technologies (NYSE:MIR) Posts Quarterly Earnings Results, Hits Expectations

Mirion Technologies (NYSE:MIR) posted its earnings results on Tuesday. The company reported $0.12 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.12, Zacks reports. The firm had revenue of $277.80 million during the quarter, compared to analyst estimates of $275.35 million. Mirion Technologies had a net margin of 2.39% and a return on equity of 6.59%. During the same quarter in the prior year, the business posted $0.01 EPS.

Mirion Technologies Stock Performance

MIR stock traded up $0.41 during mid-day trading on Tuesday, hitting $15.33. The company had a trading volume of 7,066,375 shares, compared to its average volume of 3,780,928. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.63 and a current ratio of 3.20. The firm has a market cap of $3.82 billion, a PE ratio of 153.26 and a beta of 1.10. Mirion Technologies has a 12 month low of $14.04 and a 12 month high of $30.28. The stock’s fifty day moving average price is $15.54 and its two-hundred day moving average price is $18.52.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on MIR shares. Morgan Stanley cut their price target 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. Weiss Ratings upgraded shares of Mirion Technologies from a “sell (d)” rating to a “hold (c)” rating in a research note on Monday, August 3rd. Citigroup dropped their target price on shares of Mirion Technologies from $28.00 to $24.00 and set a “buy” rating on the stock in a research report on Thursday, July 30th. The Goldman Sachs Group restated a “buy” rating and issued a $23.00 target price on shares of Mirion Technologies in a research note on Wednesday, July 29th. Finally, B. Riley Financial reduced their target price on Mirion Technologies from $29.00 to $27.00 and set a “buy” rating for the company in a report on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $25.12.

About Mirion Technologies

Mirion Technologies, Inc develops, manufactures and supplies radiation detection, measurement and analysis technologies. Its products are designed to detect and measure ionizing radiation, monitor exposure and contamination, and support the safe management of radioactive materials and environments.

The company serves a range of end markets, including nuclear power, healthcare, defense and national security, scientific research, industrial operations and laboratories. Its offerings include radiation detectors, dosimetry systems, spectroscopy and monitoring equipment, radiation safety software, and related services.