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

AirSculpt Technologies (NASDAQ:AIRS) announced 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. The company had revenue of $39.18 million during the quarter, compared to analysts’ expectations of $38.99 million. AirSculpt Technologies had a negative net margin of 4.13% and a positive return on equity of 2.22%. During the same quarter last year, the firm posted $0.01 earnings per share.

AirSculpt Technologies Trading Down 2.7 %

AirSculpt Technologies stock opened at $2.86 on Friday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.51 and a current ratio of 0.51. 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 cap of $165.54 million, a P/E ratio of -20.43 and a beta of 1.69. The firm’s fifty day moving average price is $4.93 and its 200-day moving average price is $5.41.

Wall Street Analysts Forecast Growth

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

About AirSculpt Technologies

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.