Balchem Corporation (NASDAQ:BCPC) is expected to report third quarter earnings results, before market open, on Wednesday 28th October 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 0.70 per share.
Looking ahead, the full year income are expected at $ 3.25 per share on the revenues of $ 693.65 million.
Previous Quarter Performance
Balchem Corporation recorded income for the second quarter of $ 0.85 per share, from the revenue of $ 173.35 million. The quarterly earnings grew 10.39 percent while revenues extended 7.30 percent compared with the same quarter last year.
The consensus estimates are income of $ 0.56 per share from $ 161.35 million in revenue. The bottom line results beat street analysts by $ 0.29 or 51.79 percent, at the same time, top line results outshined analysts by $ 12.00 million or 7.44 percent.
Stock Performance
Shares of Balchem Corporation traded low $ -1.07 or -1.04 percent on Tuesday, reaching $ 101.94 with volume of 52.10 thousand shares. Balchem Corporation has traded high as $ 103.57 and has cracked $ 101.79 on the downward trend
According to the previous trading day, closing price of $ 101.94, representing a 31.56 % increase from the 52 week low of $ 78.30 and a 9.58 % decrease over the 52 week high of $ 113.93.
The company has a market capital of $ 3.30 billion and is part of the Basic Materials sector and Specialty Chemicals industry.
Conference Call
Balchem Corporation will be hosting a conference call at 11:00 AM eastern time on 28th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.balchem.com
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 companys Human Nutrition & Health segment supplies ingredients in the food and beverage industry. Its products include spray dried and emulsified powders, blended lipid systems, liquid flavor delivery systems, juice and dairy bases, chocolate systems, and cereal systems, as well as ice cream bases and variegates.
