The price of Bausch + Lomb Corp (NYSE: BLCO) closed at $16.47 in the last session, down -0.18% from day before closing price of $16.50. On the day, 593196 shares were traded.
Ratios:
We take a closer look at BLCO’s different ratios to gain a better understanding of the stock. 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 5.78B and an Enterprise Value of 10.01B. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.39 while its Price-to-Book (P/B) ratio in mrq is 0.84. Its current Enterprise Value per Revenue stands at 2.41 whereas that against EBITDA is 20.06.
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 15.31, while the 200-Day Moving Average is calculated to be 17.18.
Shares Statistics:
According to the various share statistics, BLCO traded on average about 630.32K shares per day over the past 3-months and 745.65k shares per day over the past 10 days. A total of 350.91M shares are outstanding, with a floating share count of 38.66M. Insiders hold about 88.98% of the company’s shares, while institutions hold 11.28% stake in the company. Shares short for BLCO as of Feb 15, 2024 were 2.06M with a Short Ratio of 3.27, compared to 1.96M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 0.59% and a Short% of Float of 5.09%.
Earnings Estimates
The company has 7 analysts who recommend its stock at the moment. 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 $0.2, 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 9 analysts recommending between $1.31 and $1.11.
Revenue Estimates
According to 7 analysts, the current quarter’s revenue is expected to be $1.45B. 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 21.70% 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 $21.70% 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 $6.33B. In the same quarter a year ago, actual revenue was $5.63B, up 12.40% from the average estimate. Based on 9 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 $6.57B. The average revenue growth estimate for next year is up 5.40% from the average revenue estimate for this year.
