Balchem Corp reports results for the quarter ended September 30 - Earnings Summary

• Balchem Corp BCPC.OQ reported quarterly adjusted earnings of $1.35​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of $1.13. The mean expectation of three analysts for the quarter was for earnings of $1.31 per share. Wall Street expected results to range from $1.26 to $1.36 per share.

• Revenue rose 11.5% to $267.56 million from a year ago; analysts expected $258.28 million.

• Balchem Corp's reported EPS for the quarter was $1.24​.

• The company reported quarterly net income of $40.29 million.

• Balchem Corp shares had risen by 0.5% this quarter and lost 7.5% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 0.4% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

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 $192.00, about 21.5% above its last closing price of $150.77

This summary was machine generated from LSEG data October 21 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)