Mirion Technologies (NYSE:MIR – Get a score) issued an update on its fiscal 2022 earnings guidance on Friday morning. The company provided EPS guidance of $0.44 to $0.49 for the period, compared to 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 a score) last issued its quarterly earnings results on Friday, July 29th. The company reported $0.13 earnings per share for the quarter, topping 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.
Wall Street analysts expect growth
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Separately, The Goldman Sachs Group dropped 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 influence Mirion Technologies
Several large investors have recently modified their holdings of MIR. BlackRock Inc. increased its position in shares of Mirion Technologies by 68.5% during the first quarter. BlackRock Inc. now owns 2,302,251 shares of the company’s stock worth $18,580,000 after buying an additional 935,824 shares during the last quarter. Lord Abbett & Co. LLC purchased a new stake in shares of Mirion Technologies during the 1st quarter valued at approximately $4,426,000. Vanguard Group Inc. raised 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 purchasing an additional 127,370 shares during the period. Invesco Ltd. purchased a new stake in shares of Mirion Technologies during the 1st quarter valued at approximately $461,000. Finally, Gabelli Funds LLC raised its stake in shares of Mirion Technologies by 9.2% during the first quarter. Gabelli Funds LLC now owns 604,688 shares of the company’s stock valued at $4,880,000 after purchasing an additional 51,122 shares during the period. 78.79% of the shares are 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, United Kingdom, France, Germany, Finland, China, Belgium, Netherlands, Estonia and Japan. It operates through two segments, medical and industrial. The medical segment offers quality assurance and dosimetry solutions in radiation oncology; patient safety solutions for diagnostic imaging and radiotherapy centers; radiotherapy quality assurance solutions to calibrate and verify image and treatment accuracy; and radionuclide therapy products for nuclear medicine applications, including shielding, product handling, medical imaging furniture, and rehabilitation products.
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