AirSculpt Technologies, Inc. (NASDAQ:AIRS) Expected to Post Quarterly Sales of $45.08 Million

Brokerages expect that AirSculpt Technologies, Inc. (NASDAQ:AIRSGet Rating) will report $45.08 million in sales for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for AirSculpt Technologies’ earnings, with the highest sales estimate coming in at $45.59 million and the lowest estimate coming in at $44.41 million. The business is scheduled to announce its next earnings results on Monday, January 1st.

According to Zacks, analysts expect that AirSculpt Technologies will report full year sales of $176.68 million for the current fiscal year, with estimates ranging from $174.74 million to $177.60 million. For the next financial year, analysts expect that the firm will report sales of $222.01 million, with estimates ranging from $220.31 million to $224.60 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for AirSculpt Technologies.

AIRS has been the subject of a number of research reports. Zacks Investment Research upgraded AirSculpt Technologies from a “hold” rating to a “buy” rating and set a $8.50 target price for the company in a report on Tuesday, May 17th. SVB Leerink raised their target price on shares of AirSculpt Technologies from $26.00 to $27.00 and gave the company an “outperform” rating in a research note on Monday, March 14th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat.com, AirSculpt Technologies presently has an average rating of “Buy” and an average price target of $18.50.

Shares of AIRS opened at $9.26 on Friday. The business’s 50 day simple moving average is $11.03 and its 200-day simple moving average is $12.85. AirSculpt Technologies has a one year low of $7.06 and a one year high of $18.48. The company has a debt-to-equity ratio of 0.91, a current ratio of 2.03 and a quick ratio of 1.79.

In related news, Director Kenneth Higgins bought 12,000 shares of the stock in a transaction that occurred on Wednesday, May 18th. The stock was bought at an average cost of $8.24 per share, for a total transaction of $98,880.00. Following the purchase, the director now directly owns 25,910 shares of the company’s stock, valued at $213,498.40. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 77.94% of the company’s stock.

Hedge funds have recently modified their holdings of the business. Penserra Capital Management LLC purchased a new stake in AirSculpt Technologies in the fourth quarter valued at $38,000. Citigroup Inc. acquired a new position in shares of AirSculpt Technologies during the fourth quarter worth about $40,000. JPMorgan Chase & Co. acquired a new position in shares of AirSculpt Technologies during the fourth quarter worth about $43,000. New York State Common Retirement Fund acquired a new position in shares of AirSculpt Technologies during the first quarter worth about $62,000. Finally, Bank of America Corp DE acquired a new position in shares of AirSculpt Technologies during the fourth quarter worth about $63,000. 64.47% of the stock is owned by institutional investors.

AirSculpt Technologies Company Profile (Get Rating)

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. It offers custom body contouring using its AirSculpt procedure that removes unwanted fat in a minimally invasive procedure.

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Earnings History and Estimates for AirSculpt Technologies (NASDAQ:AIRS)

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