The closing price of Bausch + Lomb Corp (NYSE: BLCO) was $16.49 for the day, up 0.43% from the previous closing price of $16.42. In other words, the price has increased by $+0.07 from its previous closing price. On the day, 558279 shares were traded.
Ratios:
Our analysis of BLCO’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 1.09 and its Current Ratio is at 1.74. In the meantime, Its Debt-to-Equity ratio is 0.68 whereas as Long-Term Debt/Eq ratio is at 0.67.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Evercore ISI on January 04, 2024, Downgraded its rating to In-line and sets its target price to $17 from $19 previously.
On December 12, 2023, Stifel started tracking the stock assigning a Hold rating and target price of $16.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, BLCO now has a Market Capitalization of 5.82B and an Enterprise Value of 10.05B. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.40 while its Price-to-Book (P/B) ratio in mrq is 0.84. Its current Enterprise Value per Revenue stands at 2.42 whereas that against EBITDA is 20.15.
Stock Price History:
Over the past 52 weeks, BLCO has reached a high of $21.95, while it has fallen to a 52-week low of $13.62. The 50-Day Moving Average of the stock is 15.60, while the 200-Day Moving Average is calculated to be 16.92.
Shares Statistics:
BLCO traded an average of 441.65K shares per day over the past three months and 342.88k shares per day over the past ten days. A total of 350.91M shares are outstanding, with a floating share count of 38.18M. Insiders hold about 89.12% of the company’s shares, while institutions hold 11.27% stake in the company. Shares short for BLCO as of Mar 15, 2024 were 1.23M with a Short Ratio of 2.78, compared to 2.06M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 0.35% and a Short% of Float of 3.03%.
Earnings Estimates
The firm’s stock currently is rated by 8 analysts. On average, analysts expect EPS of $0.07 for the current quarter, with a high estimate of $0.11 and a low estimate of $0.03, while EPS last year was $0.13. The consensus estimate for the next quarter is $0.21, with high estimates of $0.24 and low estimates of $0.17.
Analysts are recommending an EPS of between $0.92 and $0.6 for the fiscal current year, implying an average EPS of $0.82. EPS for the following year is $1.19, with 10 analysts recommending between $1.31 and $1.11.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 7 analysts. It ranges from a high estimate of $1.46B to a low estimate of $1.43B. As of the current estimate, Bausch + Lomb Corp’s year-ago sales were $1.19B, an estimated increase of 21.60% from the year-ago figure. For the next quarter, 7 analysts are estimating revenue of $1.6B, an increase of 13.70% less than the figure of $21.60% in the same quarter last year. There is a high estimate of $1.62B for the next quarter, whereas the lowest estimate is $1.57B.
A total of 10 analysts have provided revenue estimates for BLCO’s current fiscal year. The highest revenue estimate was $6.39B, while the lowest revenue estimate was $6.25B, resulting in an average revenue estimate of $6.32B. In the same quarter a year ago, actual revenue was $5.63B, up 12.40% from the average estimate. Based on 10 analysts’ estimates, the company’s revenue will be $6.67B in the next fiscal year. The high estimate is $6.81B and the low estimate is $6.56B. The average revenue growth estimate for next year is up 5.40% from the average revenue estimate for this year.
