Bausch + Lomb (BLCO) Stock Forecast, Price & News

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Bausch + Lomb in the last twelve months. There are currently 5 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" BLCO shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in BLCO, but not buy additional shares or sell existing shares.
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8 brokerages have issued 12 month price objectives for Bausch + Lomb's shares. Their BLCO share price forecasts range from $17.00 to $25.00. On average, they predict the company's share price to reach $20.50 in the next twelve months. This suggests a possible upside of 20.9% from the stock's current price.
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Bausch + Lomb's stock was trading at $15.51 at the start of the year. Since then, BLCO stock has increased by 9.3% and is now trading at $16.96.
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Bausch + Lomb saw a drop in short interest in September. As of September 15th, there was short interest totaling 4,270,000 shares, a drop of 14.3% from the August 31st total of 4,980,000 shares. Based on an average daily volume of 482,700 shares, the short-interest ratio is presently 8.8 days. Currently, 11.2% of the shares of the company are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 1st 2023.
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Bausch + Lomb Co. (NYSE:BLCO) released its quarterly earnings data on Wednesday, August, 2nd. The company reported $0.18 EPS for the quarter, topping analysts' consensus estimates of $0.16 by $0.02. The business had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $963.69 million. Bausch + Lomb had a positive trailing twelve-month return on equity of 4.09% and a negative net margin of 3.61%. Bausch + Lomb's revenue for the quarter was up 10.0% on a year-over-year basis. During the same period last year, the business earned $0.29 EPS.

ETFs with the largest weight of Bausch + Lomb (NYSE:BLCO) stock in their portfolio include Ballast Small/Mid Cap ETF (MGMT).First Trust US Equity Opportunities ETF (FPX).

Bausch + Lomb updated its FY 2023 earnings guidance on Wednesday, August, 2nd. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $3.95 billion-$4.00 billion, compared to the consensus revenue estimate of $5.20 billion.

(BLCO) raised $788 million in an initial public offering on Friday, May 6th 2022. The company issued 35,000,000 shares at $21.00-$24.00 per share.

Bausch + Lomb trades on the New York Stock Exchange (NYSE) under the ticker symbol "BLCO."

Shares of BLCO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of BLCO stock can currently be purchased for approximately $16.96.

Bausch + Lomb (NYSE:BLCO) has a market capitalization of $5.95 billion and generates $3.77 billion in revenue each year. The company earns $6 million in net income (profit) each year or ($0.40) on an earnings per share basis.

The company employs 12,900 workers across the globe.

The official website for the company is www.bausch.com. The company can be reached via phone at 905-695-7700.