Balchem Corp reports results for the quarter ended in June - Earnings Summary

Balchem

26/07/2024 14:32

* Balchem Corp  BCPC.OQ  reported quarterly adjusted
earnings of
$1.09​​ per share for the quarter ended in June, higher than the
same quarter last year, when the company reported EPS of $1.06. 
The mean expectation of three analysts for the quarter was
for earnings of $1.04 per share. Wall Street expected results to
range from $1.03  to $1.04 per share.
    * Revenue rose 1.2% to $234.08 million from a year ago;
analysts
expected $239.69 million. 
    * Balchem Corp's reported EPS for the quarter was 98 cents​.
    * The company reported quarterly net income of $32.07
million.
    * Balchem Corp shares had risen by 13.5% this quarter and
gained 17.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the specialty
chemicals
peer group is also "buy"

Wall Street's median 12-month price target for Balchem Corp is
$168.00 
This summary was machine generated from LSEG data July 26 at
01:31 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      1.04           1.09           Beat
 Mar. 31 2024      0.98           1.03           Beat
 Dec. 31 2023      0.93           0.95           Beat
 Sep. 30 2023      0.97           1.04           Beat