Key Points
- Director Lawrence Kingsley sold 350,000 shares on Dec. 10 at an average price of $24.73 for proceeds of $8,655,500, reducing his stake by 9.07% to 3,509,075 shares (disclosed in an SEC filing).
- Mirion has a $6.26 billion market cap and a P/E of 224.27, reported revenue and EPS beats last quarter, set FY2025 EPS guidance of $0.480–$0.520, and carries a consensus "Buy" rating with an average target price of $28.29.
Mirion Technologies, Inc. (NYSE:MIR - Get Free Report) Director Lawrence Kingsley sold 350,000 shares of the company's stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $24.73, for a total transaction of $8,655,500.00. Following the transaction, the director owned 3,509,075 shares in the company, valued at $86,779,424.75. The trade was a 9.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Mirion Technologies Price Performance
MIR stock opened at $24.67 on Friday. The firm has a 50 day moving average of $25.38 and a 200-day moving average of $22.67. The company has a market cap of $6.26 billion, a price-to-earnings ratio of 224.27 and a beta of 0.94. The company has a current ratio of 4.83, a quick ratio of 4.32 and a debt-to-equity ratio of 0.63. Mirion Technologies, Inc. has a 12-month low of $12.00 and a 12-month high of $30.28.
Mirion Technologies (NYSE:MIR - Get Free Report) last released its quarterly earnings results on Tuesday, October 28th. The company reported $0.12 earnings per share for the quarter, topping analysts' consensus estimates of $0.10 by $0.02. The business had revenue of $223.10 million for the quarter, compared to analysts' expectations of $222.17 million. Mirion Technologies had a return on equity of 7.09% and a net margin of 2.93%.The company's revenue was up 7.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.08 EPS. Mirion Technologies has set its FY 2025 guidance at 0.480-0.520 EPS. As a group, equities analysts expect that Mirion Technologies, Inc. will post 0.39 EPS for the current fiscal year.
Hedge Funds Weigh In On Mirion Technologies
A number of institutional investors have recently modified their holdings of MIR. JPMorgan Chase & Co. raised its position in shares of Mirion Technologies by 187.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 825,269 shares of the company's stock worth $17,768,000 after buying an additional 537,900 shares during the period. CWM LLC increased its stake in Mirion Technologies by 162.9% during the second quarter. CWM LLC now owns 16,910 shares of the company's stock worth $364,000 after acquiring an additional 10,479 shares during the last quarter. Ethic Inc. purchased a new position in shares of Mirion Technologies in the 2nd quarter worth about $216,000. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in shares of Mirion Technologies by 169.4% in the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 236,340 shares of the company's stock valued at $5,088,000 after purchasing an additional 148,619 shares in the last quarter. Finally, Intech Investment Management LLC lifted its stake in shares of Mirion Technologies by 38.0% in the 1st quarter. Intech Investment Management LLC now owns 127,952 shares of the company's stock valued at $1,855,000 after purchasing an additional 35,218 shares in the last quarter. Institutional investors and hedge funds own 78.51% of the company's stock.
Wall Street Analysts Forecast Growth
Several research firms have recently issued reports on MIR. Citigroup cut their price target on Mirion Technologies from $35.00 to $33.00 and set a "buy" rating for the company in a research note on Monday, December 8th. Northland Securities lifted their target price on shares of Mirion Technologies from $26.00 to $29.00 and gave the stock an "outperform" rating in a research report on Monday, September 29th. Northland Capmk raised shares of Mirion Technologies to a "strong-buy" rating in a report on Sunday, August 24th. The Goldman Sachs Group raised their price objective on shares of Mirion Technologies from $22.00 to $25.00 and gave the stock a "buy" rating in a research note on Tuesday, September 16th. Finally, Weiss Ratings restated a "hold (c)" rating on shares of Mirion Technologies in a research report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, Mirion Technologies presently has an average rating of "Buy" and an average target price of $28.29.
View Our Latest Research Report on MIR
About Mirion Technologies
(
Get Free Report)
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.
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