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

$193.01
-4.82 (-2.44 %)
(As of 02/27/2020 04:00 PM ET)
Today's Range
$189.18
Now: $193.01
$201.64
50-Day Range
$197.64
MA: $211.35
$221.51
52-Week Range
$178.28
Now: $193.01
$223.29
Volume205,826 shs
Average Volume164,638 shs
Market Capitalization$7.40 billion
P/E Ratio38.91
Dividend Yield0.65%
Beta1.25
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$5.83 per share
Book Value$34.51 per share

Profitability

Net Income$96.07 million

Miscellaneous

Employees2,250
Market Cap$7.40 billion
Next Earnings Date5/5/2020 (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 declared a quarterly dividend on Tuesday, February 4th. Stockholders of record on Friday, February 14th will be given a dividend of $0.32 per share on Friday, February 28th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.66%. The ex-dividend date of this dividend is Thursday, February 13th. View BIO-TECHNE's Dividend History.

How were BIO-TECHNE's earnings last quarter?

BIO-TECHNE Corp (NASDAQ:TECH) posted its quarterly earnings results on Tuesday, February, 4th. The biotechnology company reported $1.08 EPS for the quarter, missing the Zacks' consensus estimate of $1.13 by $0.05. The biotechnology company had revenue of $184.93 million for the quarter, compared to analysts' expectations of $191.34 million. BIO-TECHNE had a net margin of 26.20% and a return on equity of 12.45%. The business's revenue was up 6.0% compared to the same quarter last year. During the same quarter last year, the company earned $1.06 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, May 5th 2020. View Earnings Estimates for BIO-TECHNE.

What price target have analysts set for TECH?

9 equities research analysts have issued 1-year price objectives for BIO-TECHNE's shares. Their forecasts range from $225.00 to $270.00. On average, they expect BIO-TECHNE's share price to reach $238.33 in the next year. This suggests a possible upside of 23.5% from the stock's current price. View Analyst Price Targets for BIO-TECHNE.

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

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for BIO-TECHNE in the last year. There are currently 3 hold ratings and 6 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?

Headlines about TECH stock have been trending somewhat negative recently, according to InfoTrie Sentiment. The research group ranks the sentiment of press coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. BIO-TECHNE earned a news sentiment score of -1.7 on InfoTrie's scale. They also assigned news stories about the biotechnology company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the stock's share price in the near future. View News Stories for BIO-TECHNE.

Are investors shorting BIO-TECHNE?

BIO-TECHNE saw a increase in short interest in January. As of January 31st, there was short interest totalling 485,700 shares, an increase of 16.2% from the January 15th total of 418,000 shares. Based on an average trading volume of 124,100 shares, the days-to-cover ratio is currently 3.9 days. Approximately 1.3% of the company's stock 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), AbbVie (ABBV), Gilead Sciences (GILD), Amgen (AMGN), NVIDIA (NVDA), General Electric (GE), Global Medical REIT (GMRE), Crispr Therapeutics (CRSP), Cisco Systems (CSCO) and Ionis Pharmaceuticals (IONS).

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 many different of institutional and retail investors. Top institutional investors include Bamco Inc. NY (4.00%), Janus Henderson Group PLC (3.17%), Mairs & Power INC (2.62%), Jackson Square Partners LLC (2.56%), State Street Corp (2.33%) and Champlain Investment Partners LLC (2.26%). Company insiders that own BIO-TECHNE stock include Brenda S Furlow, Charles A Dinarello, Charles R Kummeth, Harold J Wiens, James Hippel, John L Higgins, Norman David Eansor, Robert V Baumgartner and Roeland Nusse. 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 Massachusetts Financial Services Co. MA, First Trust Advisors LP, Janus Henderson Group PLC, Renaissance Technologies LLC, Schroder Investment Management Group, AQR Capital Management LLC, Bamco Inc. NY and Mairs & Power INC. Company insiders that have sold BIO-TECHNE company stock in the last year include Brenda S Furlow, Charles R Kummeth, Harold J Wiens, James Hippel, John L Higgins, Norman David Eansor and Roeland Nusse. View Insider Buying and Selling for BIO-TECHNE.

Which institutional investors are buying BIO-TECHNE stock?

TECH stock was acquired by a variety of institutional investors in the last quarter, including Sumitomo Mitsui Trust Holdings Inc., Jackson Square Partners LLC, Candriam Luxembourg S.C.A., Candriam Luxembourg S.C.A., Geode Capital Management LLC, Champlain Investment Partners LLC, Man Group plc and Thrivent Financial for Lutherans. 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 $193.01.

How big of a company is BIO-TECHNE?

BIO-TECHNE has a market capitalization of $7.40 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:  311 (Vote Outperform)
Underperform Votes:  346 (Vote Underperform)
Total Votes:  657
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 2/27/2020 by MarketBeat.com Staff

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