Wall Street analysts forecast that Atlassian Co. PLC (NASDAQ:TEAM) will report earnings per share of $0.19 for the current quarter, according to Zacks Investment Research. Seven analysts have made estimates for Atlassian’s earnings, with the highest EPS estimate coming in at $0.19 and the lowest estimate coming in at $0.18. Atlassian reported earnings per share of $0.12 in the same quarter last year, which would suggest a positive year-over-year growth rate of 58.3%. The business is scheduled to report its next earnings report on Thursday, October 18th.

On average, analysts expect that Atlassian will report full-year earnings of $0.77 per share for the current fiscal year, with EPS estimates ranging from $0.76 to $0.77. For the next fiscal year, analysts expect that the company will report earnings of $0.94 per share, with EPS estimates ranging from $0.90 to $0.96. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for Atlassian.

Atlassian (NASDAQ:TEAM) last announced its quarterly earnings results on Thursday, July 26th. The technology company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.01. Atlassian had a negative net margin of 13.65% and a negative return on equity of 2.30%. The company had revenue of $243.80 million during the quarter, compared to analyst estimates of $233.42 million. During the same quarter in the previous year, the business earned $0.09 EPS. The firm’s revenue was up 39.9% on a year-over-year basis.

Several brokerages have recently issued reports on TEAM. Zacks Investment Research lowered shares of Atlassian from a “buy” rating to a “hold” rating in a report on Wednesday, September 19th. Cowen boosted their price target on shares of Atlassian from $95.00 to $105.00 and gave the company an “outperform” rating in a report on Thursday, September 13th. Summit Insights lowered shares of Atlassian from a “buy” rating to a “hold” rating in a report on Friday, September 7th. DA Davidson boosted their price target on shares of Atlassian from $88.00 to $108.00 and gave the company a “buy” rating in a report on Wednesday, September 5th. Finally, Jefferies Financial Group boosted their price target on shares of Atlassian to $83.00 and gave the company a “hold” rating in a report on Tuesday, September 4th. Seven research analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $77.83.

Shares of TEAM stock opened at $94.28 on Friday. Atlassian has a 12-month low of $33.61 and a 12-month high of $95.00. The firm has a market capitalization of $9.63 billion, a PE ratio of -1,346.86, a PEG ratio of 69.49 and a beta of 2.59. The company has a debt-to-equity ratio of 0.92, a current ratio of 3.95 and a quick ratio of 3.95.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Motley Fool Asset Management LLC acquired a new position in Atlassian in the 2nd quarter worth $8,253,000. Pinnacle Associates Ltd. acquired a new position in Atlassian in the 2nd quarter worth $514,000. Bank of Montreal Can acquired a new position in Atlassian in the 2nd quarter worth $1,062,000. Leonetti & Associates LLC boosted its stake in Atlassian by 3.4% in the 2nd quarter. Leonetti & Associates LLC now owns 123,400 shares of the technology company’s stock worth $7,715,000 after purchasing an additional 4,050 shares during the period. Finally, Wedbush Securities Inc. boosted its stake in Atlassian by 41.4% in the 2nd quarter. Wedbush Securities Inc. now owns 6,590 shares of the technology company’s stock worth $412,000 after purchasing an additional 1,928 shares during the period. 92.70% of the stock is owned by hedge funds and other institutional investors.

About Atlassian

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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