Mirion Technologies Reports Strong Quarterly Earnings

Mirion Technologies (NYSE:MIR) announced its quarterly earnings results on Tuesday. The company achieved earnings of $0.16 per share (EPS) for the quarter, surpassing the analysts' consensus estimates of $0.14 by $0.02, as reported by Zacks. This performance reflects Mirion's ability to outperform expectations despite a negative net margin of 7.84%. However, the company recorded a positive return on equity of 4.33%. Additionally, Mirion Technologies revised its full-year 2025 guidance to an EPS range of $0.450 to $0.500.

Mirion Technologies Stock Performance

On Tuesday, shares of NYSE:MIR witnessed a decrease of $0.15, trading at $16.16. The trading volume for the day reached 2,083,548 shares, slightly above its average volume of 2,032,644 shares. The company’s 50-day moving average price stands at $17.02, while the 200-day moving average price is $14.03. In the past year, Mirion Technologies had a low of $9.11 and a high of $18.81. The firm maintains a debt-to-equity ratio of 0.43, a quick ratio of 1.55, and a current ratio of 2.16. Mirion Technologies has a market capitalization of $3.75 billion, a price-to-earnings ratio of -47.51, and a beta of 0.73.

Analysts Set New Price Targets

Recently, several research analysts have shared their insights on Mirion Technologies’ stock. The Goldman Sachs Group raised its target price for Mirion shares from $16.00 to $21.00, assigning a "buy" rating in a report dated December 12th. Robert W. Baird began coverage on the stock on December 19th, issuing an "outperform" rating with a target price of $22.00. On the same day, Baird R W upgraded Mirion Technologies to a "strong-buy" rating. Moreover, Citigroup increased its target price from $18.00 to $20.00 while giving the stock a "buy" rating in a report released on December 4th. In total, three analysts have rated the stock with a buy and two have issued a strong buy recommendation. MarketBeat data shows that Mirion Technologies holds an average rating of "Buy" with a consensus target price of $19.25.

About Mirion Technologies

Mirion Technologies, Inc. specializes in radiation detection, measurement, analysis, and monitoring products and services across multiple countries, including the United States, Canada, the United Kingdom, France, Germany, Finland, China, Belgium, Netherlands, Estonia, South Korea, and Japan. The company operates through two main segments: Medical and Technologies.

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