Equities analysts forecast that Atlassian Co. PLC (NASDAQ:TEAM) will post earnings of $0.16 per share for the current quarter, according to Zacks Investment Research. Nine analysts have issued estimates for Atlassian’s earnings. The highest EPS estimate is $0.16 and the lowest is $0.15. Atlassian reported earnings of $0.13 per share during the same quarter last year, which would suggest a positive year over year growth rate of 23.1%. The firm is expected to issue its next earnings report on Thursday, July 25th.
On average, analysts expect that Atlassian will report full-year earnings of $0.82 per share for the current financial year, with EPS estimates ranging from $0.81 to $0.82. For the next fiscal year, analysts forecast that the business will report earnings of $0.98 per share, with EPS estimates ranging from $0.86 to $1.04. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for Atlassian.
Atlassian (NASDAQ:TEAM) last posted its earnings results on Wednesday, April 17th. The technology company reported ($0.08) EPS for the quarter, missing the consensus estimate of $0.18 by ($0.26). Atlassian had a positive return on equity of 1.34% and a negative net margin of 38.06%. The firm had revenue of $309.30 million during the quarter, compared to the consensus estimate of $304.68 million. During the same quarter last year, the company posted $0.10 EPS. Atlassian’s revenue for the quarter was up 37.9% on a year-over-year basis.
TEAM has been the subject of several recent analyst reports. BidaskClub upgraded shares of Atlassian from a “buy” rating to a “strong-buy” rating in a research report on Monday, February 4th. Zacks Investment Research cut shares of Atlassian from a “buy” rating to a “hold” rating in a research report on Wednesday, April 17th. Robert W. Baird upped their target price on shares of Atlassian from $110.00 to $120.00 and gave the stock an “outperform” rating in a research report on Thursday, April 11th. Morgan Stanley cut shares of Atlassian from an “equal” rating to a “weight” rating in a research report on Tuesday, January 15th. Finally, Jefferies Financial Group upped their target price on shares of Atlassian to $90.00 and gave the stock a “hold” rating in a research report on Friday, January 18th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $115.40.
NASDAQ TEAM traded down $8.09 on Monday, hitting $120.78. The stock had a trading volume of 2,643,878 shares, compared to its average volume of 1,823,855. Atlassian has a one year low of $60.32 and a one year high of $129.97. The company has a current ratio of 3.34, a quick ratio of 3.34 and a debt-to-equity ratio of 1.22. The stock has a market cap of $12.83 billion, a price-to-earnings ratio of -1,725.43, a price-to-earnings-growth ratio of 198.10 and a beta of 1.77.
Several institutional investors have recently bought and sold shares of the company. BlackRock Inc. boosted its holdings in shares of Atlassian by 24.8% in the first quarter. BlackRock Inc. now owns 3,197,364 shares of the technology company’s stock valued at $359,352,000 after acquiring an additional 636,089 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Atlassian by 2.9% in the first quarter. JPMorgan Chase & Co. now owns 2,030,860 shares of the technology company’s stock valued at $228,249,000 after acquiring an additional 57,776 shares in the last quarter. 1832 Asset Management L.P. boosted its holdings in shares of Atlassian by 33.3% in the fourth quarter. 1832 Asset Management L.P. now owns 1,202,100 shares of the technology company’s stock valued at $105,130,000 after acquiring an additional 300,044 shares in the last quarter. Lord Abbett & CO. LLC boosted its holdings in shares of Atlassian by 98.4% in the fourth quarter. Lord Abbett & CO. LLC now owns 1,157,170 shares of the technology company’s stock valued at $102,965,000 after acquiring an additional 573,892 shares in the last quarter. Finally, Acadian Asset Management LLC boosted its holdings in Atlassian by 8.5% during the first quarter. Acadian Asset Management LLC now owns 931,830 shares of the technology company’s stock worth $104,727,000 after buying an additional 73,126 shares in the last quarter. Institutional investors and hedge funds own 90.71% 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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