Equities analysts predict that Atlassian Co. PLC (NASDAQ:TEAM) will report $0.27 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Eight analysts have issued estimates for Atlassian’s earnings, with the lowest EPS estimate coming in at $0.27 and the highest estimate coming in at $0.28. Atlassian posted earnings of $0.25 per share during the same quarter last year, which suggests a positive year over year growth rate of 8%. The firm is scheduled to report its next earnings report on Thursday, January 16th.
On average, analysts expect that Atlassian will report full year earnings of $1.01 per share for the current financial year, with EPS estimates ranging from $0.99 to $1.09. For the next financial year, analysts forecast that the company will post earnings of $1.29 per share, with EPS estimates ranging from $1.22 to $1.38. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that cover Atlassian.
Atlassian (NASDAQ:TEAM) last issued its earnings results on Thursday, October 17th. The technology company reported $0.28 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.04. Atlassian had a negative return on equity of 2.76% and a negative net margin of 24.95%. The firm had revenue of $363.40 million for the quarter, compared to analyst estimates of $351.79 million. During the same period last year, the company earned $0.20 earnings per share. The firm’s revenue for the quarter was up 36.0% on a year-over-year basis.
A number of equities research analysts have recently weighed in on TEAM shares. Cowen reaffirmed a “buy” rating on shares of Atlassian in a research note on Friday, October 18th. Zacks Investment Research raised Atlassian from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. ValuEngine downgraded Atlassian from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Morgan Stanley set a $145.00 price target on Atlassian and gave the stock a “hold” rating in a research note on Friday, October 18th. Finally, Canaccord Genuity raised their price target on Atlassian from $125.00 to $150.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and ten have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $141.44.
Several hedge funds have recently modified their holdings of TEAM. Creative Financial Designs Inc. ADV acquired a new position in Atlassian in the second quarter worth $26,000. Captrust Financial Advisors boosted its stake in shares of Atlassian by 233.3% in the 2nd quarter. Captrust Financial Advisors now owns 300 shares of the technology company’s stock worth $39,000 after buying an additional 210 shares during the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new position in shares of Atlassian in the 2nd quarter worth approximately $41,000. CWM LLC purchased a new position in shares of Atlassian in the 2nd quarter worth approximately $43,000. Finally, Baldwin Brothers Inc. MA purchased a new position in shares of Atlassian in the 3rd quarter worth approximately $50,000. 84.43% of the stock is currently owned by institutional investors and hedge funds.
NASDAQ TEAM traded up $4.25 during trading hours on Tuesday, hitting $118.95. The company had a trading volume of 1,420,100 shares, compared to its average volume of 1,673,859. Atlassian has a fifty-two week low of $65.17 and a fifty-two week high of $149.80. The firm has a market cap of $13.92 billion, a P/E ratio of -699.71, a price-to-earnings-growth ratio of 113.54 and a beta of 1.29. The business has a fifty day simple moving average of $123.24 and a 200-day simple moving average of $129.00.
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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