NASDAQ:TECH - BIO-TECHNE Stock Price, News, & Analysis

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$180.64 +3.14 (+1.77 %)
(As of 10/23/2018 07:15 AM ET)
Previous Close$177.50
Today's Range$176.10 - $181.6250
52-Week Range$121.26 - $206.04
Volume224,722 shs
Average Volume283,559 shs
Market Capitalization$6.70 billion
P/E Ratio44.38
Dividend Yield0.72%
Beta0.87
Bio-Techne Corporation, together with its subsidiaries, develops, manufactures, and sells biotechnology reagents, instruments, and clinical diagnostic controls worldwide. It operates in three segments: Biotechnology, Protein Platforms, and Diagnostics. The Biotechnology segment offers specialized proteins, such as cytokines and growth factors, immunoassays, antibodies, and related reagents to the biotechnology research community; and in situ hybridization, media, and other cell culture products and reagents. It also provides various products, which serves as predictive biomarkers and therapeutic targets for various human diseases and conditions, such as cancer, autoimmunity, diabetes, hypertension, obesity, inflammation, neurological disorders, and kidney failure. The Protein Platforms segment offers Biologics tools for researchers to interrogate protein purity and identify contaminants during the development and production of biologics; Western blot, an assay for protein analysis and identification; SimplePlex platform, an enzyme-linked immunosorbent assay for use in research and clinical diagnostics; and Single Cell Western platform to elucidate the properties of individual cells to understand cell behavior. The Diagnostics segment provides blood chemistry and gas quality controls, hematology instrument controls, diagnostic immunoassays, and other bulk and custom reagents for the in vitro diagnostic market. Bio-Techne Corporation has a strategic cooperation agreement with Micropoint Bioscience. The company was formerly known as Techne Corporation and changed its name to Bio-Techne Corporation in November 2014. Bio-Techne Corporation was founded in 1976 and is headquartered in Minneapolis, Minnesota.

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Industry, Sector and Symbol

Stock Exchange NASDAQ
Industry Biological products, except diagnostic
Sub-IndustryLife Sciences Tools & Services
SectorMedical
SymbolNASDAQ:TECH
CUSIP87837710
Phone612-379-8854

Debt

Debt-to-Equity Ratio0.31
Current Ratio5.01
Quick Ratio3.93

Price-To-Earnings

Trailing P/E Ratio44.38
Forward P/E Ratio45.96
P/E Growth3.01

Sales & Book Value

Annual Sales$642.99 million
Price / Sales10.61
Cash Flow$5.9382 per share
Price / Cash30.42
Book Value$28.72 per share
Price / Book6.29

Profitability

EPS (Most Recent Fiscal Year)$4.07
Net Income$126.15 million
Net Margins19.50%
Return on Equity14.64%
Return on Assets9.53%

Miscellaneous

Employees2,000
Outstanding Shares37,760,000
Market Cap$6.70 billion

BIO-TECHNE (NASDAQ:TECH) Frequently Asked Questions

What is BIO-TECHNE's stock symbol?

BIO-TECHNE trades on the NASDAQ under the ticker symbol "TECH."

How often does BIO-TECHNE pay dividends? What is the dividend yield for BIO-TECHNE?

BIO-TECHNE announced a quarterly dividend on Wednesday, August 8th. Investors of record on Friday, August 17th will be given a dividend of $0.32 per share on Friday, August 31st. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date is Thursday, August 16th. View BIO-TECHNE's Dividend History.

How were BIO-TECHNE's earnings last quarter?

BIO-TECHNE Corp (NASDAQ:TECH) posted its quarterly earnings data on Tuesday, August, 7th. The biotechnology company reported $1.34 EPS for the quarter, topping the Zacks' consensus estimate of $1.29 by $0.05. The biotechnology company had revenue of $180.25 million for the quarter, compared to the consensus estimate of $176.24 million. BIO-TECHNE had a net margin of 19.50% and a return on equity of 14.64%. View BIO-TECHNE's Earnings History.

When is BIO-TECHNE's next earnings date?

BIO-TECHNE is scheduled to release their next quarterly earnings announcement on Tuesday, October 30th 2018. View Earnings Estimates for BIO-TECHNE.

How can I listen to BIO-TECHNE's earnings call?

BIO-TECHNE will be holding an earnings conference call on Tuesday, October 30th at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 8665484713.

What price target have analysts set for TECH?

7 brokerages have issued 1-year target prices for BIO-TECHNE's stock. Their predictions range from $165.00 to $230.00. On average, they anticipate BIO-TECHNE's stock price to reach $198.00 in the next year. This suggests a possible upside of 9.6% from the stock's current price. View Analyst Price Targets for BIO-TECHNE.

What is the consensus analysts' recommendation for BIO-TECHNE?

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for BIO-TECHNE in the last year. There are currently 2 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for BIO-TECHNE.

Who are some of BIO-TECHNE's key competitors?

Who are BIO-TECHNE's key executives?

BIO-TECHNE's management team includes the folowing people:
  • Mr. Charles R. Kummeth, CEO, Pres & Director (Age 58)
  • Mr. James T. Hippel, Sr. VP of Fin. & CFO (Age 47)
  • Ms. Brenda S. Furlow, Gen. Counsel, Sec. & Chief Compliance Officer (Age 60)
  • Mr. N. David Eansor, Pres of Protein Sciences Segment (Age 57)
  • Mr. Gerry Andros, VP of Sales and Marketing

Who are BIO-TECHNE's major shareholders?

BIO-TECHNE's stock is owned by many different of retail and institutional investors. Top institutional investors include Riverbridge Partners LLC (1.31%), Summit Creek Advisors LLC (0.22%), Aperio Group LLC (0.09%), Texas Permanent School Fund (0.06%), Nisa Investment Advisors LLC (0.05%) and Palisade Asset Management LLC (0.04%). Company insiders that own BIO-TECHNE stock include Charles A Dinarello, Charles R Kummeth, John L Higgins, Karen A Holbrook, Robert V Baumgartner and Roger C Lucas. View Institutional Ownership Trends for BIO-TECHNE.

Which major investors are selling BIO-TECHNE stock?

TECH stock was sold by a variety of institutional investors in the last quarter, including Summit Creek Advisors LLC, Riverbridge Partners LLC, Bank of Montreal Can, State of Alaska Department of Revenue, Tributary Capital Management LLC, Tributary Capital Management LLC, Palisade Asset Management LLC and Texas Permanent School Fund. Company insiders that have sold BIO-TECHNE company stock in the last year include Charles A Dinarello, Charles R Kummeth, John L Higgins and Robert V Baumgartner. View Insider Buying and Selling for BIO-TECHNE.

Which major investors are buying BIO-TECHNE stock?

TECH stock was bought by a variety of institutional investors in the last quarter, including Argus Investors Counsel Inc., Nisa Investment Advisors LLC, Dorsey Wright & Associates, Oakbrook Investments LLC and BB&T Corp. View Insider Buying and Selling for BIO-TECHNE.

How do I buy shares of BIO-TECHNE?

Shares of TECH can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is BIO-TECHNE's stock price today?

One share of TECH stock can currently be purchased for approximately $180.64.

How big of a company is BIO-TECHNE?

BIO-TECHNE has a market capitalization of $6.70 billion and generates $642.99 million in revenue each year. The biotechnology company earns $126.15 million in net income (profit) each year or $4.07 on an earnings per share basis. BIO-TECHNE employs 2,000 workers across the globe.

What is BIO-TECHNE's official website?

The official website for BIO-TECHNE is http://www.techne-corp.com.

How can I contact BIO-TECHNE?

BIO-TECHNE's mailing address is 614 MCKINLEY PLACE NE, MINNEAPOLIS MN, 55413. The biotechnology company can be reached via phone at 612-379-8854 or via email at [email protected]


MarketBeat Community Rating for BIO-TECHNE (NASDAQ TECH)

Community Ranking:  2.4 out of 5 (star star)
Outperform Votes:  227 (Vote Outperform)
Underperform Votes:  244 (Vote Underperform)
Total Votes:  471
MarketBeat's community ratings are surveys of what our community members think about BIO-TECHNE and other stocks. Vote "Outperform" if you believe TECH will outperform the S&P 500 over the long term. Vote "Underperform" if you believe TECH will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 10/23/2018 by MarketBeat.com Staff

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