Mirion Technologies (NYSE:MIR) Updates FY 2026 Earnings Guidance

Mirion Technologies (NYSE:MIR) updated its FY 2026 earnings guidance on Tuesday. The company provided earnings per share guidance of 0.480-0.550 for the period, compared to the consensus estimate of 0.530. The company issued revenue guidance of $1.1 billion-$1.1 billion, compared to the consensus revenue estimate of $1.1 billion.

Mirion Technologies Trading Down 1.9%

NYSE:MIR traded down $0.27 on Thursday, hitting $14.30. 1,574,582 shares of the stock were exchanged, compared to its average volume of 3,694,646. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.63 and a current ratio of 3.19. Mirion Technologies has a 52 week low of $14.11 and a 52 week high of $30.28. The stock has a market capitalization of $3.58 billion, a price-to-earnings ratio of 143.92 and a beta of 1.03. The company’s 50-day moving average price is $17.21 and its 200 day moving average price is $19.84.

Mirion Technologies (NYSE:MIR) last issued its quarterly earnings results on Tuesday, July 28th. The company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.10 by $0.02. Mirion Technologies had a net margin of 2.39% and a return on equity of 6.57%. The company had revenue of $266.80 million during the quarter, compared to analysts’ expectations of $269.32 million. During the same quarter in the previous year, the company earned $0.11 EPS. Mirion Technologies’s revenue was up 19.7% on a year-over-year basis. Mirion Technologies has set its FY 2026 guidance at 0.480-0.550 EPS. On average, equities research analysts forecast that Mirion Technologies will post 0.53 earnings per share for the current year.

Wall Street Analyst Weigh In

MIR has been the subject of several research reports. The Goldman Sachs Group reaffirmed a “buy” rating and set a $23.00 price target on shares of Mirion Technologies in a research note on Wednesday. Weiss Ratings downgraded shares of Mirion Technologies from a “sell (d+)” rating to a “sell (d)” rating in a research note on Monday, July 20th. Citigroup decreased their price target on Mirion Technologies from $29.00 to $28.00 and set a “buy” rating for the company in a research note on Thursday, April 30th. Finally, Morgan Stanley lowered their target price on shares of Mirion Technologies from $27.00 to $25.00 and set an “equal weight” rating on the stock in a report on Monday, July 13th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $26.71.

Insider Transactions at Mirion Technologies

In other news, CAO Christopher A. Moore sold 8,400 shares of the stock in a transaction dated Thursday, May 7th. The shares were 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 approximately $435,163.48. This represents a 27.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 6.30% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Mirion Technologies

Hedge funds have recently modified their holdings of the company. UBS Group AG raised its stake in shares of Mirion Technologies by 181.4% during the third quarter. UBS Group AG now owns 4,796,833 shares of the company’s stock valued at $111,574,000 after acquiring an additional 3,092,136 shares during the last quarter. TCW Group Inc. acquired a new position in shares of Mirion Technologies in the 4th quarter worth approximately $57,439,000. Invesco Ltd. lifted its holdings in Mirion Technologies by 713.2% in the second quarter. Invesco Ltd. now owns 2,617,252 shares of the company’s stock valued at $56,349,000 after buying an additional 2,295,414 shares during the period. Ameriprise Financial Inc. grew its holdings in Mirion Technologies by 559.9% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,717,192 shares of the company’s stock worth $39,942,000 after acquiring an additional 1,456,987 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in shares of Mirion Technologies by 600.7% during the 4th quarter. JPMorgan Chase & Co. now owns 1,670,064 shares of the company’s stock valued at $39,113,000 after purchasing an additional 1,431,724 shares in the last quarter. Institutional investors and hedge funds own 78.51% of the company’s stock.

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.