For its first fiscal quarter (ending March 31), Balchem Corp (NASDAQ: BCPC) has reported a 25% increase in E.P.S. from $0.71 a year ago to $0.89 in the current quarter. However, this result fell short of the consensus estimate of $1.09 by $-0.20. For the latest four quarters through March 31, E.P.S. were $3.57 versus $3.10 for the same period a year ago — an increase of 15%.
Recent Price Action
Balchem Corp (NASDAQ: BCPC) stock enjoyed a large increase of 2.8% on 5/3/24. The stock closed at $150.40. This advance was accompanied by normal trading volume. The stock has been strong relative to the market over the last nine months and has risen 8.6% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, BCPC is expected to continue to be an important Value Builder.
Balchem has a current Value Trend Rating of C (Low Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Balchem has a poor Appreciation Score of 19 but a good Power Rating of 75, and the Low Neutral Value Trend Rating results.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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