Bio-Techne Corp (NASDAQ:TECH) – Equities research analysts at William Blair lifted their Q2 2018 earnings per share estimates for Bio-Techne Corp in a research note issued on Wednesday. William Blair analyst A. Murphy now forecasts that the biotechnology company will post earnings of $0.84 per share for the quarter, up from their prior forecast of $0.82. William Blair also issued estimates for Bio-Techne Corp’s Q3 2018 earnings at $0.96 EPS, Q4 2018 earnings at $1.09 EPS, FY2018 earnings at $3.72 EPS, Q1 2019 earnings at $0.89 EPS, Q2 2019 earnings at $0.92 EPS, Q3 2019 earnings at $1.04 EPS, Q4 2019 earnings at $1.18 EPS and FY2019 earnings at $4.03 EPS.

Bio-Techne Corp (NASDAQ:TECH) last posted its earnings results on Tuesday, October 31st. The biotechnology company reported $0.90 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.82 by $0.08. The firm had revenue of $144.61 million for the quarter, compared to the consensus estimate of $142.37 million. Bio-Techne Corp had a net margin of 12.54% and a return on equity of 14.11%. The business’s quarterly revenue was up 10.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.84 earnings per share.

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A number of other research analysts have also recently commented on TECH. Zacks Investment Research cut shares of Bio-Techne Corp from a “buy” rating to a “hold” rating in a research note on Tuesday, August 15th. BidaskClub upgraded shares of Bio-Techne Corp from a “sell” rating to a “hold” rating in a research note on Saturday, August 12th. Citigroup Inc. restated a “buy” rating and set a $115.00 price target (down previously from $125.00) on shares of Bio-Techne Corp in a research note on Tuesday, October 24th. Deutsche Bank AG set a $145.00 price target on shares of Bio-Techne Corp and gave the stock a “buy” rating in a research note on Tuesday, October 31st. Finally, Wells Fargo & Company initiated coverage on shares of Bio-Techne Corp in a report on Thursday, July 13th. They set a “market perform” rating for the company. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $131.25.

Bio-Techne Corp (NASDAQ:TECH) traded down $0.46 during trading on Monday, reaching $128.83. 11,845 shares of the company’s stock traded hands, compared to its average volume of 150,188. The firm has a market capitalization of $4,834.57, a P/E ratio of 37.26, a price-to-earnings-growth ratio of 3.23 and a beta of 0.74. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.87 and a quick ratio of 2.25. Bio-Techne Corp has a 52-week low of $95.68 and a 52-week high of $132.57.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 24th. Stockholders of record on Friday, November 10th will be issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 0.99%. The ex-dividend date is Thursday, November 9th. Bio-Techne Corp’s payout ratio is 66.32%.

In related news, Director Karen A. Holbrook sold 1,059 shares of the firm’s stock in a transaction that occurred on Wednesday, September 6th. The shares were sold at an average price of $121.73, for a total value of $128,912.07. Following the completion of the sale, the director now owns 914 shares of the company’s stock, valued at $111,261.22. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Robert V. Baumgartner sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $130.18, for a total transaction of $650,900.00. Following the completion of the sale, the director now directly owns 12,712 shares of the company’s stock, valued at approximately $1,654,848.16. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 6,359 shares of company stock valued at $815,532. Company insiders own 3.40% of the company’s stock.

Institutional investors have recently modified their holdings of the stock. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Bio-Techne Corp by 12.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,456 shares of the biotechnology company’s stock valued at $171,000 after purchasing an additional 163 shares in the last quarter. Underhill Investment Management LLC acquired a new stake in shares of Bio-Techne Corp in the second quarter valued at approximately $223,000. Flinton Capital Management LLC increased its holdings in shares of Bio-Techne Corp by 84.8% in the second quarter. Flinton Capital Management LLC now owns 1,952 shares of the biotechnology company’s stock valued at $229,000 after purchasing an additional 896 shares in the last quarter. LS Investment Advisors LLC increased its holdings in shares of Bio-Techne Corp by 22.0% in the second quarter. LS Investment Advisors LLC now owns 2,089 shares of the biotechnology company’s stock valued at $245,000 after purchasing an additional 377 shares in the last quarter. Finally, Huntington National Bank increased its holdings in shares of Bio-Techne Corp by 6.0% in the second quarter. Huntington National Bank now owns 2,138 shares of the biotechnology company’s stock valued at $251,000 after purchasing an additional 121 shares in the last quarter. 98.66% of the stock is owned by institutional investors and hedge funds.

Bio-Techne Corp Company Profile

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 Corp (NASDAQ:TECH)

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