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

AirSculpt Technologies (NASDAQ:AIRS) announced its earnings results on Friday. The company reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.05), RTT News reports. AirSculpt Technologies had a negative net margin of 1.77% and a positive return on equity of 6.42%. The company had revenue of $42.55 million for the quarter, compared to analysts’ expectations of $42.49 million. During the same period in the prior year, the company earned ($0.01) earnings per share.

AirSculpt Technologies Stock Down 4.0 %

Shares of NASDAQ AIRS traded down $0.35 during mid-day trading on Monday, reaching $8.33. 305,160 shares of the company traded hands, compared to its average volume of 133,918. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.86 and a current ratio of 0.86. The stock has a market cap of $479.72 million, a PE ratio of -59.50 and a beta of 1.57. The company’s fifty day moving average is $5.24 and its two-hundred day moving average is $4.68. AirSculpt Technologies has a fifty-two week low of $2.92 and a fifty-two week high of $9.20.

Wall Street Analyst Weigh In

Separately, BTIG Research assumed coverage on AirSculpt Technologies in a research note on Thursday, October 17th. They issued a “neutral” rating for the company. Five research analysts have rated the stock with a hold rating, Based on data from MarketBeat, AirSculpt Technologies currently has an average rating of “Hold” and an average target price of $5.50.

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.