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

AirSculpt Technologies (NASDAQ:AIRS) posted 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. The company had revenue of $42.55 million for the quarter, compared to the consensus estimate 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 quarter last year, the business earned ($0.01) EPS.

AirSculpt Technologies Price Performance

AIRS stock traded down $0.35 during midday trading on Monday, reaching $8.33. 305,160 shares of the company’s stock traded hands, compared to its average volume of 133,918. The company has a 50-day simple moving average of $5.24 and a two-hundred day simple moving average of $4.68. AirSculpt Technologies has a 1-year low of $2.92 and a 1-year high of $9.20. The company has a market cap of $479.72 million, a price-to-earnings ratio of -59.50 and a beta of 1.57. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.79.

Analyst Ratings Changes

Separately, BTIG Research started coverage on AirSculpt Technologies in a research report on Thursday, October 17th. They set a “neutral” rating for the company. Five equities research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $5.50.

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.