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

Mirion Technologies (NYSE:MIR) released its earnings results on Tuesday. The company reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.02, FiscalAI reports. The firm had revenue of $266.80 million for the quarter, compared to analyst estimates of $269.32 million. Mirion Technologies had a return on equity of 6.57% and a net margin of 2.39%.The company’s revenue was up 19.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.11 EPS. Mirion Technologies updated its FY 2026 guidance to 0.480-0.550 EPS.

Mirion Technologies Price Performance

Shares of MIR stock traded up $0.34 during trading hours on Thursday, hitting $14.91. 2,318,751 shares of the company’s stock were exchanged, compared to its average volume of 3,700,318. Mirion Technologies has a 52 week low of $14.11 and a 52 week high of $30.28. The stock has a market cap of $3.73 billion, a price-to-earnings ratio of 149.14 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 is $17.21 and its 200-day moving average is $19.84.

Insider Transactions at Mirion Technologies

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

Institutional Trading of Mirion Technologies

Hedge funds have recently modified their holdings of the stock. Royal Bank of Canada lifted its stake in shares of Mirion Technologies by 258.2% during the first quarter. Royal Bank of Canada now owns 98,828 shares of the company’s stock valued at $1,433,000 after acquiring an additional 71,241 shares during the period. AQR Capital Management LLC boosted its holdings in Mirion Technologies by 124.3% during the first quarter. AQR Capital Management LLC now owns 199,211 shares of the company’s stock worth $2,889,000 after buying an additional 110,399 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Mirion Technologies by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 122,962 shares of the company’s stock valued at $1,783,000 after purchasing an additional 5,366 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Mirion Technologies by 8.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 434,583 shares of the company’s stock valued at $6,301,000 after buying an additional 34,973 shares in the last quarter. Finally, Cetera Investment Advisers acquired a new stake in Mirion Technologies during the 2nd quarter worth $288,000. 78.51% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have issued reports on MIR. Citigroup decreased their price target on shares of Mirion Technologies from $29.00 to $28.00 and set a “buy” rating on the stock in a research report on Thursday, April 30th. Weiss Ratings lowered shares of Mirion Technologies from a “sell (d+)” rating to a “sell (d)” rating in a report on Monday, July 20th. The Goldman Sachs Group reiterated a “buy” rating and set a $23.00 target price on shares of Mirion Technologies in a research report on Wednesday. Finally, Morgan Stanley cut their price target on shares of 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 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 given a Sell rating to the company’s stock. Based on data from MarketBeat, Mirion Technologies presently has an average rating of “Moderate Buy” and an average target price of $26.71.

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.