Equities analysts predict that Atlassian Co. PLC (NASDAQ:TEAM) will report sales of $304.07 million for the current fiscal quarter, according to Zacks Investment Research. Eight analysts have made estimates for Atlassian’s earnings, with the lowest sales estimate coming in at $301.50 million and the highest estimate coming in at $304.98 million. Atlassian reported sales of $223.72 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 35.9%. The firm is expected to announce its next quarterly earnings results on Thursday, April 18th.
According to Zacks, analysts expect that Atlassian will report full year sales of $1.20 billion for the current fiscal year, with estimates ranging from $1.18 billion to $1.20 billion. For the next financial year, analysts anticipate that the firm will report sales of $1.53 billion, with estimates ranging from $1.48 billion to $1.57 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that follow Atlassian.
Atlassian (NASDAQ:TEAM) last posted its quarterly earnings data on Thursday, January 17th. The technology company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.15). Atlassian had a negative net margin of 22.96% and a positive return on equity of 3.01%. The company had revenue of $299.00 million during the quarter, compared to the consensus estimate of $288.28 million. During the same period in the prior year, the firm posted $0.13 earnings per share. The company’s revenue was up 40.6% compared to the same quarter last year.
Several institutional investors and hedge funds have recently bought and sold shares of the company. WealthTrust Arizona LLC lifted its holdings in shares of Atlassian by 23.4% in the 4th quarter. WealthTrust Arizona LLC now owns 580 shares of the technology company’s stock valued at $52,000 after buying an additional 110 shares during the period. World Asset Management Inc raised its holdings in shares of Atlassian by 8.4% in the fourth quarter. World Asset Management Inc now owns 2,272 shares of the technology company’s stock worth $202,000 after acquiring an additional 176 shares during the last quarter. Prudential Financial Inc. raised its holdings in shares of Atlassian by 8.7% in the fourth quarter. Prudential Financial Inc. now owns 2,500 shares of the technology company’s stock worth $222,000 after acquiring an additional 200 shares during the last quarter. Public Employees Retirement Association of Colorado grew its position in shares of Atlassian by 6.8% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 3,621 shares of the technology company’s stock valued at $322,000 after purchasing an additional 229 shares during the period. Finally, Parallel Advisors LLC purchased a new stake in shares of Atlassian in the fourth quarter valued at $25,000. 88.78% of the stock is owned by institutional investors and hedge funds.
Shares of Atlassian stock traded up $0.23 on Wednesday, reaching $104.57. 1,384,072 shares of the stock were exchanged, compared to its average volume of 1,962,595. The company has a market cap 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. The company has a current ratio of 3.44, a quick ratio of 3.44 and a debt-to-equity ratio of 1.02. Atlassian has a one year low of $50.06 and a one year high of $106.40.
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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