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

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

AirSculpt Technologies Stock Performance

Shares of AirSculpt Technologies stock traded down $0.35 during trading hours on Monday, reaching $8.33. 305,160 shares of the stock traded hands, compared to its average volume of 133,918. The company has a 50 day moving average price of $5.24 and a 200 day moving average price of $4.68. AirSculpt Technologies has a one year low of $2.92 and a one year high of $9.20. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.79.

Analyst Ratings Changes

Separately, BTIG Research began coverage on AirSculpt Technologies in a research report on Thursday, October 17th. They issued a “neutral” rating for the company. Five equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, AirSculpt Technologies currently has a consensus 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.