Analysts expect Atlassian Co. PLC (NASDAQ:TEAM) to post $0.18 earnings per share (EPS) for the current quarter, Zacks reports. Eight analysts have issued estimates for Atlassian’s earnings. The lowest EPS estimate is $0.17 and the highest is $0.19. Atlassian posted earnings per share of $0.10 during the same quarter last year, which suggests a positive year over year growth rate of 80%. The business is expected to report its next earnings results on Thursday, April 18th.

On average, analysts expect that Atlassian will report full-year earnings of $0.81 per share for the current fiscal year, with EPS estimates ranging from $0.77 to $0.84. For the next fiscal year, analysts forecast that the company will report earnings of $0.99 per share, with EPS estimates ranging from $0.93 to $1.04. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that that provide coverage for Atlassian.

Atlassian (NASDAQ:TEAM) last issued its earnings results on Thursday, January 17th. The technology company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.15). The firm had revenue of $299.00 million during the quarter, compared to analysts’ expectations of $288.28 million. Atlassian had a positive return on equity of 3.01% and a negative net margin of 22.96%. The firm’s quarterly revenue was up 40.6% on a year-over-year basis. During the same period last year, the firm posted $0.13 earnings per share.

Several research analysts have recently weighed in on the stock. Robert W. Baird boosted their price objective on shares of Atlassian from $88.00 to $110.00 and gave the company an “outperform” rating in a report on Friday, January 18th. BMO Capital Markets reissued a “market perform” rating and set a $100.00 price objective (up from $82.00) on shares of Atlassian in a report on Friday, January 18th. Needham & Company LLC assumed coverage on shares of Atlassian in a report on Monday, October 22nd. They set a “hold” rating for the company. They noted that the move was a valuation call. Morgan Stanley cut shares of Atlassian from an “equal” rating to a “weight” rating in a report on Tuesday, January 15th. Finally, Jefferies Financial Group boosted their price objective on shares of Atlassian to $90.00 and gave the company a “hold” rating in a report on Friday, January 18th. Six research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $103.45.

Several hedge funds and other institutional investors have recently bought and sold shares of TEAM. FMR LLC grew its holdings in Atlassian by 14.1% during the 2nd quarter. FMR LLC now owns 9,000,442 shares of the technology company’s stock worth $562,708,000 after acquiring an additional 1,112,999 shares in the last quarter. Capital Research Global Investors bought a new position in Atlassian during the 3rd quarter worth about $638,894,000. BlackRock Inc. grew its holdings in Atlassian by 12.0% during the 4th quarter. BlackRock Inc. now owns 2,561,275 shares of the technology company’s stock worth $227,903,000 after acquiring an additional 273,907 shares in the last quarter. Renaissance Technologies LLC grew its holdings in Atlassian by 48.6% during the 3rd quarter. Renaissance Technologies LLC now owns 2,189,700 shares of the technology company’s stock worth $210,518,000 after acquiring an additional 716,300 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in Atlassian by 39.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,655,435 shares of the technology company’s stock worth $103,497,000 after acquiring an additional 471,860 shares in the last quarter. Hedge funds and other institutional investors own 88.78% of the company’s stock.

Atlassian stock traded up $0.23 during trading hours on Monday, hitting $104.57. The stock had a trading volume of 1,384,072 shares, compared to its average volume of 1,962,595. The company has a debt-to-equity ratio of 1.02, a quick ratio of 3.44 and a current ratio of 3.44. The stock has a market capitalization of $11.08 billion, a PE ratio of -1,493.86, a price-to-earnings-growth ratio of 93.68 and a beta of 1.85. Atlassian has a 12-month low of $50.06 and a 12-month high of $106.40.

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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