Key Points
- Insider sale: Mirion Technologies CAO Christopher Moore sold 8,400 shares on May 7 at an average price of $19.64, reducing his stake by 27.49% to 22,157 shares.
- Recent results were solid: The company beat quarterly EPS and revenue expectations, reporting $0.10 EPS on $257.6 million in revenue, with revenue up 27.5% year over year. Mirion also raised FY 2026 guidance to $0.480-$0.550 EPS.
- Analysts remain cautiously positive: Wall Street’s consensus rating is Moderate Buy with an average price target of $27.13, though several firms have trimmed their targets and Weiss Ratings downgraded the stock to sell.
Mirion Technologies, Inc. (NYSE:MIR - Get Free Report) CAO Christopher Moore sold 8,400 shares of the firm's stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $19.64, for a total value of $164,976.00. Following the completion of the transaction, 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 legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Mirion Technologies Stock Performance
Shares of MIR opened at $18.97 on Friday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.63 and a current ratio of 3.19. The stock has a 50-day moving average of $19.73 and a two-hundred day moving average of $23.05. The stock has a market cap of $4.75 billion, a P/E ratio of 189.68 and a beta of 1.07. Mirion Technologies, Inc. has a one year low of $16.06 and a one year high of $30.28.
Mirion Technologies (NYSE:MIR - Get Free Report) last announced its quarterly earnings data on Tuesday, April 28th. The company reported $0.10 earnings per share for the quarter, beating analysts' consensus estimates of $0.09 by $0.01. Mirion Technologies had a return on equity of 6.44% and a net margin of 2.56%.The business had revenue of $257.60 million for the quarter, compared to analyst estimates of $244.78 million. During the same period in the prior year, the company earned $0.10 earnings per share. The company's revenue was up 27.5% on a year-over-year basis. Mirion Technologies has set its FY 2026 guidance at 0.480-0.550 EPS. As a group, research analysts predict that Mirion Technologies, Inc. will post 0.51 EPS for the current year.
Wall Street Analysts Forecast Growth
MIR has been the topic of several research reports. Robert W. Baird cut their price target on shares of Mirion Technologies from $29.00 to $26.00 and set an "outperform" rating on the stock in a report on Monday, March 30th. The Goldman Sachs Group decreased their price objective on shares of Mirion Technologies from $33.00 to $29.00 and set a "buy" rating for the company in a research note on Thursday, February 12th. Weiss Ratings downgraded shares of Mirion Technologies from a "hold (c)" rating to a "sell (d+)" rating in a report on Monday. JPMorgan Chase & Co. cut their price objective on shares of Mirion Technologies from $30.00 to $27.00 and set an "overweight" rating on the stock in a research note on Thursday, March 26th. Finally, Morgan Stanley reduced their target price on shares of Mirion Technologies from $29.00 to $27.00 and set an "equal weight" rating for the company in a report on Wednesday, March 11th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $27.13.
Read Our Latest Research Report on Mirion Technologies
Institutional Trading of Mirion Technologies
Several hedge funds and other institutional investors have recently bought and sold shares of MIR. PNC Financial Services Group Inc. raised its position in Mirion Technologies by 17.6% during the first quarter. PNC Financial Services Group Inc. now owns 21,485 shares of the company's stock valued at $399,000 after acquiring an additional 3,221 shares in the last quarter. Madison Asset Management LLC boosted its position in Mirion Technologies by 119.5% in the 1st quarter. Madison Asset Management LLC now owns 124,323 shares of the company's stock worth $2,311,000 after purchasing an additional 67,679 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Mirion Technologies by 14.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,694,288 shares of the company's stock worth $87,240,000 after purchasing an additional 591,730 shares in the last quarter. KBC Group NV grew its stake in shares of Mirion Technologies by 1,907.1% during the 1st quarter. KBC Group NV now owns 153,925 shares of the company's stock worth $2,861,000 after purchasing an additional 146,256 shares during the period. Finally, Swiss National Bank grew its stake in shares of Mirion Technologies by 0.4% during the 1st quarter. Swiss National Bank now owns 465,900 shares of the company's stock worth $8,661,000 after purchasing an additional 1,700 shares during the period. 78.51% of the stock is owned by institutional investors and hedge funds.
Mirion Technologies Company Profile
(
Get Free Report)
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.
Further Reading
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