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

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$194.97 +1.01 (+0.52 %)
(As of 02/22/2019 04:00 PM ET)
Previous Close$194.97
Today's Range$193.24 - $195.68
52-Week Range$132.75 - $206.04
Volume152,329 shs
Average Volume216,930 shs
Market Capitalization$7.36 billion
P/E Ratio47.90
Dividend Yield0.66%
Beta1.18
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

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$642.99 million
Cash Flow$5.8655 per share
Book Value$29.03 per share

Profitability

Net Income$126.15 million

Miscellaneous

Employees2,000
Market Cap$7.36 billion
Next Earnings Date5/1/2019 (Estimated)
OptionableOptionable

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, February 6th. Investors of record on Friday, February 15th will be paid a dividend of $0.32 per share on Friday, March 1st. 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 14th. View BIO-TECHNE's Dividend History.

How were BIO-TECHNE's earnings last quarter?

BIO-TECHNE Corp (NASDAQ:TECH) released its quarterly earnings results on Tuesday, February, 5th. The biotechnology company reported $1.06 earnings per share for the quarter, beating analysts' consensus estimates of $0.98 by $0.08. The biotechnology company earned $174.50 million during the quarter, compared to analysts' expectations of $171.39 million. BIO-TECHNE had a return on equity of 13.90% and a net margin of 14.02%. The firm's revenue was up 13.2% compared to the same quarter last year. During the same quarter last year, the firm earned $1.02 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 Wednesday, May 1st 2019. View Earnings Estimates for BIO-TECHNE.

What price target have analysts set for TECH?

8 brokerages have issued 12 month price targets for BIO-TECHNE's shares. Their predictions range from $165.00 to $230.00. On average, they expect BIO-TECHNE's stock price to reach $188.1250 in the next twelve months. This suggests that the stock has a possible downside of 3.5%. View Analyst Price Targets for BIO-TECHNE.

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

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for BIO-TECHNE in the last year. There are currently 3 hold ratings and 5 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?

News coverage about TECH stock has trended somewhat positive this week, according to InfoTrie Sentiment. The research group ranks the sentiment of news coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. BIO-TECHNE earned a daily sentiment score of 1.7 on InfoTrie's scale. They also gave news stories about the biotechnology company a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an impact on the stock's share price in the near term.

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), Celgene (CELG), General Electric (GE), Global Medical REIT (GMRE), Cisco Systems (CSCO), NVIDIA (NVDA), Illumina (ILMN), Gilead Sciences (GILD), AbbVie (ABBV) and Akorn (AKRX).

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 shareholders include BlackRock Inc. (10.21%), Atlanta Capital Management Co. L L C (3.57%), Mairs & Power INC (3.15%), Massachusetts Financial Services Co. MA (2.13%), First Trust Advisors LP (1.98%) and Bank of New York Mellon Corp (1.26%). 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 institutional investors are selling BIO-TECHNE stock?

TECH stock was sold by a variety of institutional investors in the last quarter, including Atlanta Capital Management Co. L L C, Bank of America Corp DE, Millennium Management LLC, Summit Global Investments, BTIM Corp., Royce & Associates LP, Assenagon Asset Management S.A. and New York State Common Retirement Fund. Company insiders that have sold BIO-TECHNE company stock in the last year include Charles A Dinarello, Charles R Kummeth and John L Higgins. 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 Massachusetts Financial Services Co. MA, BlackRock Inc., American Capital Management Inc., Hsbc Holdings PLC, First Trust Advisors LP, D. E. Shaw & Co. Inc., Geode Capital Management LLC and Rhumbline Advisers. 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 $194.97.

How big of a company is BIO-TECHNE?

BIO-TECHNE has a market capitalization of $7.36 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:  242 (Vote Outperform)
Underperform Votes:  267 (Vote Underperform)
Total Votes:  509
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 2/23/2019 by MarketBeat.com Staff

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