Wall Street brokerages expect Atlassian Co. PLC (NASDAQ:TEAM) to post earnings per share (EPS) of $0.18 for the current quarter, according to Zacks Investment Research. Seven analysts have issued estimates for Atlassian’s earnings. The lowest EPS estimate is $0.16 and the highest is $0.19. Atlassian posted earnings of $0.10 per share in the same quarter last year, which would suggest a positive year over year growth rate of 80%. The company is expected to report its next earnings report on Thursday, April 18th.
On average, analysts expect that Atlassian will report full-year earnings of $0.78 per share for the current year, with EPS estimates ranging from $0.77 to $0.78. For the next financial year, analysts forecast that the business will report earnings of $0.96 per share, with EPS estimates ranging from $0.91 to $1.03. Zacks’ earnings per share averages are a mean average based on a survey of analysts that cover Atlassian.
Atlassian (NASDAQ:TEAM) last posted its quarterly earnings data on Thursday, January 17th. The technology company reported $0.06 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.21 by ($0.15). Atlassian had a negative net margin of 22.96% and a positive return on equity of 3.00%. The company had revenue of $299.00 million for the quarter, compared to the consensus estimate of $288.28 million. During the same period last year, the business earned $0.13 EPS. The firm’s quarterly revenue was up 40.6% on a year-over-year basis.
TEAM has been the subject of a number of analyst reports. Oppenheimer raised their price objective on Atlassian from $95.00 to $110.00 in a research report on Friday. DA Davidson lifted their target price on Atlassian to $118.00 and gave the stock a “buy” rating in a report on Friday. BTIG Research raised Atlassian from a “neutral” rating to a “buy” rating in a report on Tuesday, November 13th. Zacks Investment Research raised Atlassian from a “hold” rating to a “buy” rating and set a $87.00 target price for the company in a report on Friday, November 9th. Finally, BidaskClub lowered Atlassian from a “strong-buy” rating to a “buy” rating in a report on Friday, October 5th. Seven equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. Atlassian currently has a consensus rating of “Buy” and a consensus target price of $99.00.
TEAM stock traded down $2.25 on Friday, reaching $90.67. 7,665,327 shares of the company traded hands, compared to its average volume of 1,655,985. Atlassian has a one year low of $47.74 and a one year high of $100.00. The company has a quick ratio of 4.17, a current ratio of 4.17 and a debt-to-equity ratio of 1.16. The firm has a market cap of $9.87 billion, a PE ratio of -1,295.29, a price-to-earnings-growth ratio of 78.22 and a beta of 1.98.
Hedge funds have recently added to or reduced their stakes in the company. Cornerstone Advisors Inc. purchased a new position in shares of Atlassian in the 4th quarter worth $29,000. Meeder Asset Management Inc. purchased a new position in shares of Atlassian in the 4th quarter worth $50,000. FNY Investment Advisers LLC purchased a new position in shares of Atlassian in the 3rd quarter worth $120,000. GWM Advisors LLC purchased a new position in shares of Atlassian in the 3rd quarter worth $214,000. Finally, GAM Holding AG purchased a new position in shares of Atlassian in the 3rd quarter worth $217,000. Hedge funds and other institutional investors own 88.93% of the company’s stock.
Atlassian Corporation Plc, through its subsidiaries, designs, develops, licenses, and maintains various software products worldwide. It provides project tracking, content creation and sharing, and service management products. The company's products include JIRA, a workflow management system that enables teams to plan, organize, track, and manage their work and projects; Confluence, a content collaboration platform that is used to create, share, organize, and discuss projects; and Trello, a Web-based project management application for capturing and adding structure to fluid, fast-forming work for teams.
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