Balchem (BCPC) to Release Earnings on Tuesday

Balchem (NASDAQ:BCPC) is set to issue its quarterly earnings data before the market opens on Tuesday, November 6th. Analysts expect the company to announce earnings of $0.61 per share for the quarter.

Balchem (NASDAQ:BCPC) last issued its quarterly earnings results on Friday, August 3rd. The basic materials company reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.01. Balchem had a return on equity of 13.78% and a net margin of 15.28%. The business had revenue of $163.70 million for the quarter, compared to analyst estimates of $163.20 million. The business’s revenue for the quarter was up 11.3% compared to the same quarter last year. On average, analysts expect Balchem to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Shares of BCPC opened at $92.80 on Tuesday. The company has a current ratio of 3.98, a quick ratio of 2.82 and a debt-to-equity ratio of 0.33. Balchem has a 12-month low of $70.23 and a 12-month high of $117.79. The firm has a market cap of $3.11 billion, a PE ratio of 36.68 and a beta of 0.83.

A number of research analysts have issued reports on BCPC shares. HC Wainwright set a $140.00 target price on shares of Balchem and gave the company a “buy” rating in a research report on Monday, October 15th. BidaskClub upgraded shares of Balchem from a “sell” rating to a “hold” rating in a research report on Thursday, October 18th. Pivotal Research increased their price objective on shares of Balchem from $85.00 to $95.00 and gave the company a “hold” rating in a report on Friday, August 3rd. Finally, Sidoti upgraded shares of Balchem from a “neutral” rating to a “buy” rating and set a $127.00 price objective on the stock in a report on Tuesday, October 16th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $120.67.

Balchem Company Profile

Balchem Corporation develops, manufactures, and markets specialty performance ingredients and products for the food, nutritional, feed, pharmaceutical, medical sterilization, and industrial markets in the United States and internationally. The company's Human Nutrition & Health segment supplies ingredients in the food and beverage industry.

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Earnings History for Balchem (NASDAQ:BCPC)

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