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

$200.95
+1.03 (+0.52 %)
(As of 09/15/2019 02:27 AM ET)
Today's Range
$197.0450
Now: $200.95
$201.20
50-Day Range
$184.69
MA: $196.07
$214.61
52-Week Range
$132.75
Now: $200.95
$217.15
Volume235,427 shs
Average Volume154,464 shs
Market Capitalization$7.61 billion
P/E Ratio52.88
Dividend Yield0.65%
Beta1.21
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. Read More…

Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$714.01 million
Cash Flow$6.1303 per share
Book Value$30.78 per share

Profitability

Net Income$96.07 million

Miscellaneous

Employees2,250
Market Cap$7.61 billion
Next Earnings Date10/29/2019 (Estimated)
OptionableOptionable

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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 Tuesday, August 6th. Investors of record on Friday, August 16th will be paid a dividend of $0.32 per share on Friday, August 30th. This represents a $1.28 annualized dividend and a yield of 0.64%. The ex-dividend date of this dividend is Thursday, August 15th. View BIO-TECHNE's Dividend History.

How were BIO-TECHNE's earnings last quarter?

BIO-TECHNE Corp (NASDAQ:TECH) announced its quarterly earnings results on Tuesday, August, 6th. The biotechnology company reported $1.25 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $1.17 by $0.08. The biotechnology company earned $191.66 million during the quarter, compared to analyst estimates of $196.37 million. BIO-TECHNE had a net margin of 13.45% and a return on equity of 13.20%. The business's quarterly revenue was up 6.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.34 earnings per share. 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 29th 2019. View Earnings Estimates for BIO-TECHNE.

What price target have analysts set for TECH?

5 brokers have issued twelve-month price objectives for BIO-TECHNE's shares. Their forecasts range from $165.00 to $270.00. On average, they expect BIO-TECHNE's stock price to reach $204.80 in the next twelve months. This suggests a possible upside of 1.9% from the stock's current price. View Analyst Price Targets for BIO-TECHNE.

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

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for BIO-TECHNE in the last year. There are currently 2 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for BIO-TECHNE.

Has BIO-TECHNE been receiving favorable news coverage?

Press coverage about TECH stock has been trending somewhat positive on Sunday, according to InfoTrie Sentiment Analysis. The research firm identifies positive and negative news coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. BIO-TECHNE earned a news sentiment score of 0.9 on InfoTrie's scale. They also assigned media stories about the biotechnology company a news buzz of 1.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the company's share price in the next several days. View News Stories for BIO-TECHNE.

Are investors shorting BIO-TECHNE?

BIO-TECHNE saw a increase in short interest during the month of August. As of August 31st, there was short interest totalling 836,100 shares, an increase of 8.4% from the July 31st total of 771,200 shares. Based on an average trading volume of 152,200 shares, the days-to-cover ratio is currently 5.5 days. Currently, 2.2% of the company's shares are short sold. View BIO-TECHNE's Current Options Chain.

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

What other stocks do shareholders of BIO-TECHNE own?

Based on aggregate information from My MarketBeat watchlists, some companies that other BIO-TECHNE investors own include Paychex (PAYX), Global Medical REIT (GMRE), Celgene (CELG), Gilead Sciences (GILD), Amgen (AMGN), Illumina (ILMN), AbbVie (ABBV), General Electric (GE), Akorn (AKRX) and GW Pharmaceuticals PLC- (GWPH).

Who are BIO-TECHNE's key executives?

BIO-TECHNE's management team includes the folowing people:
  • Mr. Charles R. Kummeth, CEO, Pres & Director (Age 59)
  • Mr. James T. Hippel, Sr. VP of Fin. & CFO (Age 48)
  • Ms. Brenda S. Furlow, Gen. Counsel, Sec. & Chief Compliance Officer (Age 61)
  • Mr. N. David Eansor, Pres of Protein Sciences Segment (Age 58)
  • Mr. Gerry Andros, VP of Sales and Marketing

Who are BIO-TECHNE's major shareholders?

BIO-TECHNE's stock is owned by a number of of institutional and retail investors. Top institutional investors include BlackRock Inc. (10.06%), BlackRock Inc. (10.06%), Vanguard Group Inc. (9.27%), Brown Capital Management LLC (4.33%), Bamco Inc. NY (4.14%) and Janus Henderson Group PLC (3.65%). Company insiders that own BIO-TECHNE stock include Brenda S Furlow, Charles A Dinarello, Charles R Kummeth, James Hippel, John L Higgins, Norman David Eansor, Robert V Baumgartner and Roger C Lucas. View Institutional Ownership Trends for BIO-TECHNE.

Which institutional investors are selling BIO-TECHNE stock?

TECH stock was sold by a variety of institutional investors in the last quarter, including Ellis Investment Partners LLC, First Trust Advisors LP, Schroder Investment Management Group, Kornitzer Capital Management Inc. KS, Citadel Advisors LLC, Brown Capital Management LLC, Bank of America Corp DE and Riverbridge Partners LLC. Company insiders that have sold BIO-TECHNE company stock in the last year include Brenda S Furlow, Charles R Kummeth, James Hippel, John L Higgins and Norman David Eansor. View Insider Buying and Selling for BIO-TECHNE.

Which institutional investors are buying BIO-TECHNE stock?

TECH stock was bought by a variety of institutional investors in the last quarter, including Invesco Ltd., Nuveen Asset Management LLC, BNP Paribas Arbitrage SA, Vanguard Group Inc., Cubist Systematic Strategies LLC, Voloridge Investment Management LLC, DekaBank Deutsche Girozentrale and Pacer Advisors Inc.. Company insiders that have bought BIO-TECHNE stock in the last two years include Charles R Kummeth and Robert V Baumgartner. 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, Robinhood, Fidelity and Charles Schwab.

What is BIO-TECHNE's stock price today?

One share of TECH stock can currently be purchased for approximately $200.95.

How big of a company is BIO-TECHNE?

BIO-TECHNE has a market capitalization of $7.61 billion and generates $714.01 million in revenue each year. The biotechnology company earns $96.07 million in net income (profit) each year or $3.80 on an earnings per share basis. BIO-TECHNE employs 2,250 workers across the globe.View Additional Information About BIO-TECHNE.

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:  280 (Thanks for Voting!)
Underperform Votes:  301 (Thanks for Voting!)
Total Votes:  581
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 9/15/2019 by MarketBeat.com Staff

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