AirSculpt Technologies (NASDAQ:AIRS) Posts Quarterly Earnings Results, Misses Expectations By $0.05 EPS

AirSculpt Technologies (NASDAQ:AIRSGet Free Report) issued its earnings results on Friday. The company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.05), RTT News reports. AirSculpt Technologies had a positive return on equity of 2.22% and a negative net margin of 4.13%. The company had revenue of $39.18 million during the quarter, compared to analyst estimates of $38.99 million. During the same period in the prior year, the business earned $0.01 earnings per share.

AirSculpt Technologies Trading Down 2.7 %

Shares of AIRS stock opened at $2.86 on Friday. The stock has a 50-day simple moving average of $4.93 and a 200 day simple moving average of $5.41. AirSculpt Technologies has a fifty-two week low of $2.43 and a fifty-two week high of $9.20. The stock has a market capitalization of $165.54 million, a P/E ratio of -20.43 and a beta of 1.69. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.80.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler lowered their price target on AirSculpt Technologies from $6.00 to $5.00 and set a “neutral” rating on the stock in a report on Friday, January 17th. Five research analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $5.00.

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About AirSculpt Technologies

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AirSculpt Technologies, Inc, together with its subsidiaries, focuses on operating as a holding company for EBS Intermediate Parent LLC that provides body contouring procedure services in the United States. The company offers AirSculpt, a next-generation body contouring procedure that removes unwanted fat and tightens skin in a minimally invasive procedure.

Further Reading

Earnings History for AirSculpt Technologies (NASDAQ:AIRS)

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