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

AirSculpt Technologies (NASDAQ:AIRS) announced its quarterly earnings results on Friday. The company reported ($0.08) earnings per share (EPS) 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 firm had revenue of $39.18 million for the quarter, compared to analyst estimates of $38.99 million. During the same quarter in the prior year, the firm earned $0.01 earnings per share.

AirSculpt Technologies Stock Down 2.7 %

Shares of AIRS stock opened at $2.86 on Friday. AirSculpt Technologies has a 12 month low of $2.43 and a 12 month high of $9.20. The firm has a market cap of $165.54 million, a PE ratio of -20.43 and a beta of 1.69. The stock has a 50 day moving average of $4.93 and a 200-day moving average of $5.41. 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 Analyst Weigh In

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 research analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average 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.