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

AirSculpt Technologies (NASDAQ:AIRS) posted its quarterly 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 negative net margin of 4.13% and a positive return on equity of 2.22%. The company had revenue of $39.18 million for the quarter, compared to the consensus estimate of $38.99 million. During the same quarter in the previous year, the company posted $0.01 EPS.

AirSculpt Technologies Trading Down 2.7 %

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

Wall Street Analysts Forecast Growth

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

AirSculpt Technologies Company Profile

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.