Atlassian Co. PLC (TEAM) Expected to Announce Earnings of $0.21 Per Share

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Wall Street brokerages predict that Atlassian Co. PLC (NASDAQ:TEAM) will post $0.21 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have made estimates for Atlassian’s earnings. Atlassian posted earnings of $0.13 per share in the same quarter last year, which would suggest a positive year over year growth rate of 61.5%. The firm is expected to issue its next earnings results on Thursday, January 17th.

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 fiscal year, analysts anticipate that the business will post earnings of $0.95 per share, with EPS estimates ranging from $0.91 to $1.03. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research firms that follow Atlassian.

Atlassian (NASDAQ:TEAM) last announced its quarterly earnings results on Thursday, October 18th. The technology company reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.01. The company had revenue of $267.30 million for the quarter, compared to analysts’ expectations of $259.67 million. Atlassian had a negative net margin of 36.71% and a negative return on equity of 0.75%. The business’s quarterly revenue was up 36.7% compared to the same quarter last year. During the same period last year, the firm posted $0.12 earnings per share.

Several equities research analysts recently commented on the stock. Zacks Investment Research raised shares of Atlassian from a “hold” rating to a “buy” rating and set a $87.00 price objective on the stock in a research report on Friday. BidaskClub raised shares of Atlassian from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 3rd. Cowen reaffirmed a “buy” rating and issued a $90.00 price objective on shares of Atlassian in a research report on Friday, July 27th. BMO Capital Markets boosted their price objective on shares of Atlassian from $64.00 to $82.00 and gave the company a “market perform” rating in a research report on Friday, July 27th. They noted that the move was a valuation call. Finally, Jefferies Financial Group boosted their price objective on shares of Atlassian to $70.00 and gave the company a “hold” rating in a research report on Friday, July 27th. Eight research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $82.00.

Shares of NASDAQ TEAM traded down $2.66 during midday trading on Friday, reaching $73.29. 684,306 shares of the stock were exchanged, compared to its average volume of 2,097,740. The stock has a market cap of $8.24 billion, a price-to-earnings ratio of -1,047.00, a P/E/G ratio of 65.33 and a beta of 2.73. Atlassian has a 12 month low of $43.11 and a 12 month high of $98.21. The company has a quick ratio of 4.17, a current ratio of 4.17 and a debt-to-equity ratio of 1.16.

A number of institutional investors and hedge funds have recently made changes to their positions in TEAM. Zacks Investment Management boosted its holdings in Atlassian by 5.5% in the 2nd quarter. Zacks Investment Management now owns 17,490 shares of the technology company’s stock valued at $1,093,000 after purchasing an additional 918 shares during the period. Janney Montgomery Scott LLC boosted its holdings in Atlassian by 1.3% in the 2nd quarter. Janney Montgomery Scott LLC now owns 77,615 shares of the technology company’s stock valued at $4,852,000 after purchasing an additional 960 shares during the period. Motley Fool Wealth Management LLC boosted its holdings in Atlassian by 0.8% in the 3rd quarter. Motley Fool Wealth Management LLC now owns 137,139 shares of the technology company’s stock valued at $13,185,000 after purchasing an additional 1,093 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Atlassian by 1.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 72,086 shares of the technology company’s stock valued at $4,507,000 after purchasing an additional 1,119 shares during the period. Finally, FNY Investment Advisers LLC bought a new stake in Atlassian in the 3rd quarter valued at about $120,000. Institutional investors and hedge funds own 92.18% of the company’s stock.

Atlassian Company Profile

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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