BIO-TECHNE Corp (NASDAQ:TECH) – Leerink Swann upped their Q3 2018 earnings estimates for BIO-TECHNE in a research report issued to clients and investors on Tuesday. Leerink Swann analyst P. Souda now expects that the biotechnology company will post earnings of $1.09 per share for the quarter, up from their prior estimate of $1.01. Leerink Swann currently has a “Buy” rating on the stock. Leerink Swann also issued estimates for BIO-TECHNE’s Q4 2018 earnings at $1.21 EPS, Q2 2019 earnings at $1.11 EPS, Q3 2019 earnings at $1.24 EPS and Q4 2019 earnings at $1.33 EPS.

Several other brokerages have also issued reports on TECH. Zacks Investment Research upgraded shares of BIO-TECHNE from a “hold” rating to a “buy” rating and set a $158.00 price objective on the stock in a report on Saturday, January 20th. Citigroup restated a “buy” rating and issued a $115.00 price objective (down from $125.00) on shares of BIO-TECHNE in a report on Tuesday, October 24th. Deutsche Bank set a $145.00 price objective on shares of BIO-TECHNE and gave the company a “buy” rating in a report on Tuesday, October 31st. Robert W. Baird restated a “buy” rating and issued a $154.00 price objective on shares of BIO-TECHNE in a report on Thursday, January 18th. Finally, Craig Hallum restated a “buy” rating and issued a $160.00 price objective (up from $140.00) on shares of BIO-TECHNE in a report on Wednesday. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $147.00.

BIO-TECHNE (NASDAQ:TECH) traded down $0.01 on Thursday, reaching $131.95. 41,436 shares of the company’s stock were exchanged, compared to its average volume of 179,120. BIO-TECHNE has a 12 month low of $98.22 and a 12 month high of $143.64. The company has a quick ratio of 2.25, a current ratio of 3.10 and a debt-to-equity ratio of 0.36. The stock has a market cap of $5,111.71, a price-to-earnings ratio of 37.49, a PEG ratio of 3.06 and a beta of 0.78.

BIO-TECHNE (NASDAQ:TECH) last posted its quarterly earnings results on Tuesday, February 6th. The biotechnology company reported $1.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.92 by $0.10. BIO-TECHNE had a net margin of 19.17% and a return on equity of 14.39%. The company had revenue of $154.15 million during the quarter, compared to analyst estimates of $145.93 million. During the same period last year, the firm posted $0.81 EPS. BIO-TECHNE’s revenue for the quarter was up 16.9% compared to the same quarter last year.

A number of large investors have recently modified their holdings of TECH. Castleark Management LLC acquired a new stake in shares of BIO-TECHNE during the second quarter valued at $3,504,000. Bamco Inc. NY raised its holdings in shares of BIO-TECHNE by 1.4% during the 3rd quarter. Bamco Inc. NY now owns 1,520,228 shares of the biotechnology company’s stock valued at $183,780,000 after buying an additional 20,286 shares during the period. Lord Abbett & CO. LLC raised its holdings in shares of BIO-TECHNE by 51.8% during the 2nd quarter. Lord Abbett & CO. LLC now owns 327,274 shares of the biotechnology company’s stock valued at $38,455,000 after buying an additional 111,629 shares during the period. Cubist Systematic Strategies LLC purchased a new stake in shares of BIO-TECHNE during the 3rd quarter valued at about $390,000. Finally, Magnetar Financial LLC raised its holdings in shares of BIO-TECHNE by 78.0% during the 3rd quarter. Magnetar Financial LLC now owns 10,976 shares of the biotechnology company’s stock valued at $1,327,000 after buying an additional 4,811 shares during the period. Institutional investors own 96.89% of the company’s stock.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 2nd. Shareholders of record on Friday, February 16th will be paid a dividend of $0.32 per share. The ex-dividend date is Thursday, February 15th. This represents a $1.28 dividend on an annualized basis and a yield of 0.97%. BIO-TECHNE’s dividend payout ratio (DPR) is presently 41.97%.

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About BIO-TECHNE

Bio-Techne Corporation develops, manufactures and sells biotechnology reagents and instruments for the research and clinical diagnostic markets. The Company operates through three segments: Biotechnology, Clinical Controls and Protein Platforms. The Biotechnology segment develops, manufactures and sells biotechnology research and diagnostic products, such as cytokines, growth factors, immunoassays, antibodies and related reagents, across the world.

Earnings History and Estimates for BIO-TECHNE (NASDAQ:TECH)

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