Atento SA (ATTO) Expected to Post Earnings of $0.21 Per Share

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Analysts forecast that Atento SA (NYSE:ATTO) will report $0.21 earnings per share for the current quarter, according to Zacks. Two analysts have issued estimates for Atento’s earnings. The highest EPS estimate is $0.24 and the lowest is $0.17. Atento posted earnings per share of $0.24 in the same quarter last year, which suggests a negative year-over-year growth rate of 12.5%. The business is expected to issue its next quarterly earnings report on Tuesday, October 30th.

On average, analysts expect that Atento will report full year earnings of $0.76 per share for the current financial year, with EPS estimates ranging from $0.66 to $0.84. For the next year, analysts expect that the firm will post earnings of $0.82 per share, with EPS estimates ranging from $0.74 to $0.90. Zacks’ EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Atento.

Atento (NYSE:ATTO) last issued its earnings results on Monday, July 30th. The business services provider reported $0.20 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.01. Atento had a negative net margin of 1.06% and a positive return on equity of 14.95%. The company had revenue of $473.40 million for the quarter, compared to analysts’ expectations of $478.50 million.

Several research analysts have issued reports on ATTO shares. Barrington Research reiterated a “buy” rating and set a $14.00 target price on shares of Atento in a report on Tuesday, July 31st. Zacks Investment Research upgraded shares of Atento from a “sell” rating to a “hold” rating in a report on Tuesday, July 10th. Robert W. Baird dropped their target price on shares of Atento from $12.00 to $10.00 and set an “outperform” rating on the stock in a report on Monday, July 30th. Finally, ValuEngine upgraded shares of Atento from a “strong sell” rating to a “sell” rating in a report on Tuesday, September 11th. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $11.50.

Several large investors have recently added to or reduced their stakes in ATTO. Nuveen Asset Management LLC boosted its holdings in shares of Atento by 54.7% in the 1st quarter. Nuveen Asset Management LLC now owns 871,642 shares of the business services provider’s stock valued at $6,799,000 after buying an additional 308,045 shares in the last quarter. Aviva PLC bought a new stake in shares of Atento in the 2nd quarter valued at about $2,048,000. Royce & Associates LP boosted its holdings in shares of Atento by 20.8% in the 2nd quarter. Royce & Associates LP now owns 1,105,701 shares of the business services provider’s stock valued at $7,574,000 after buying an additional 190,200 shares in the last quarter. Bank of America Corp DE boosted its holdings in shares of Atento by 52.4% in the 2nd quarter. Bank of America Corp DE now owns 486,135 shares of the business services provider’s stock valued at $3,330,000 after buying an additional 167,174 shares in the last quarter. Finally, Systematic Financial Management LP bought a new stake in shares of Atento in the 1st quarter valued at about $1,063,000. Institutional investors and hedge funds own 92.45% of the company’s stock.

Atento stock remained flat at $$7.60 during midday trading on Thursday. 119,748 shares of the company’s stock traded hands, compared to its average volume of 100,119. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 1.26. Atento has a one year low of $5.45 and a one year high of $12.90. The company has a market cap of $569.10 million, a PE ratio of 10.13, a price-to-earnings-growth ratio of 0.73 and a beta of 0.15.

Atento Company Profile

Atento SA, together with its subsidiaries, provides customer relationship management and business process outsourcing services and solutions in Brazil, the Americas, Europe, the Middle East, and Africa. It offers a range of front and back-end services, including sales, customer care, collections, back office, applications-processing, credit-management, and technical support services.

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