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

Mirion Technologies (NYSE:MIR) issued an update on its FY 2026 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 0.500-0.570 for the period, compared to the consensus estimate of 0.590. The company issued revenue guidance of $1.1 billion-$1.1 billion, compared to the consensus revenue estimate of $1.1 billion.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on MIR shares. Citigroup decreased their price target on shares of Mirion Technologies from $35.00 to $33.00 and set a “buy” rating on the stock in a research note on Monday, December 8th. Evercore initiated coverage on Mirion Technologies in a research note on Tuesday, November 25th. They issued an “outperform” rating and a $29.00 price objective on the stock. JPMorgan Chase & Co. raised their target price on shares of Mirion Technologies from $28.00 to $34.00 and gave the company an “overweight” rating in a research note on Thursday, October 30th. Finally, Morgan Stanley started coverage on Mirion Technologies in a research note on Friday, January 23rd. They issued an “equal weight” rating and a $29.00 target price for the company. Seven equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $28.38.

Mirion Technologies Stock Down 2.5%

Shares of NYSE:MIR traded down $0.60 during midday trading on Tuesday, reaching $23.49. The company had a trading volume of 3,497,443 shares, compared to its average volume of 2,583,317. The stock has a market capitalization of $5.96 billion, a P/E ratio of 213.56 and a beta of 0.97. The stock’s fifty day moving average price is $24.91 and its 200-day moving average price is $23.97. The company has a debt-to-equity ratio of 0.63, a current ratio of 4.83 and a quick ratio of 4.32. Mirion Technologies has a one year low of $12.00 and a one year high of $30.28.

Insider Activity

In related news, Director Lawrence D. Kingsley sold 350,000 shares of Mirion Technologies stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $24.73, for a total value of $8,655,500.00. Following the completion of the transaction, the director directly owned 3,509,075 shares in the company, valued at approximately $86,779,424.75. This trade represents a 9.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.20% of the company’s stock.

Hedge Funds Weigh In On Mirion Technologies

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. UBS Group AG increased its holdings in shares of Mirion Technologies by 181.4% in the 3rd quarter. UBS Group AG now owns 4,796,833 shares of the company’s stock worth $111,574,000 after acquiring an additional 3,092,136 shares during the period. Invesco Ltd. raised its holdings in shares of Mirion Technologies by 713.2% during 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 last quarter. Ameriprise Financial Inc. boosted its position in shares of Mirion Technologies by 559.9% during the third quarter. Ameriprise Financial Inc. now owns 1,717,192 shares of the company’s stock worth $39,942,000 after buying an additional 1,456,987 shares during the period. Bank of America Corp DE grew its holdings in Mirion Technologies by 135.0% in the 2nd quarter. Bank of America Corp DE now owns 1,383,213 shares of the company’s stock worth $29,781,000 after buying an additional 794,591 shares in the last quarter. Finally, Alta Park Capital LP bought a new position in Mirion Technologies in the 3rd quarter worth approximately $14,216,000. 78.51% of the stock is currently owned by institutional investors and hedge funds.

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.