Zacks: Brokerages Expect Atento SA (ATTO) to Post $0.23 Earnings Per Share

Equities analysts expect Atento SA (NYSE:ATTO) to post earnings of $0.23 per share for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Atento’s earnings. The highest EPS estimate is $0.26 and the lowest is $0.20. Atento posted earnings per share of $0.19 in the same quarter last year, which would suggest a positive year-over-year growth rate of 21.1%. The firm is scheduled to issue its next quarterly earnings report after the market closes on Monday, March 19th.

On average, analysts expect that Atento will report full year earnings of $0.76 per share for the current fiscal year, with EPS estimates ranging from $0.68 to $0.85. For the next year, analysts expect that the company will post earnings of $0.87 per share, with EPS estimates ranging from $0.68 to $1.01. Zacks’ EPS averages are an average based on a survey of sell-side research firms that cover Atento.

ATTO has been the subject of several recent analyst reports. Zacks Investment Research cut shares of Atento from a “hold” rating to a “sell” rating in a research report on Friday, November 3rd. ValuEngine cut shares of Atento from a “buy” rating to a “hold” rating in a research report on Friday, November 10th. BidaskClub cut shares of Atento from a “hold” rating to a “sell” rating in a research report on Wednesday, November 15th. Finally, Barrington Research set a $16.00 price target on shares of Atento and gave the company a “buy” rating in a research report on Wednesday, December 20th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $14.50.

Atento (NYSE:ATTO) traded up $0.05 during trading on Friday, hitting $9.80. 12,666 shares of the stock traded hands, compared to its average volume of 241,996. The stock has a market cap of $713.22, a PE ratio of 69.64, a P/E/G ratio of 0.71 and a beta of -0.13. Atento has a 1-year low of $7.70 and a 1-year high of $12.90. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 1.09.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Macquarie Group Ltd. acquired a new position in Atento in the third quarter valued at $660,000. Itau Unibanco Holding S.A. acquired a new position in Atento in the fourth quarter valued at $1,015,000. Edinburgh Partners Ltd increased its stake in Atento by 237.3% in the third quarter. Edinburgh Partners Ltd now owns 98,500 shares of the business services provider’s stock valued at $1,143,000 after purchasing an additional 69,300 shares during the period. Verde Servicos Internacionais S.A. acquired a new position in Atento in the fourth quarter valued at $5,015,000. Finally, Acadian Asset Management LLC increased its stake in Atento by 84.0% in the fourth quarter. Acadian Asset Management LLC now owns 1,032,432 shares of the business services provider’s stock valued at $10,480,000 after purchasing an additional 471,284 shares during the period.

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Atento Company Profile

Atento SA is a provider of customer-relationship management and business-process outsourcing (CRM BPO) services and solutions in Latin America. The Company offers a portfolio of CRM BPO services, including customer care, sales, collections, back office and technical support. The Company operates through three segments: EMEA, Americas and Brazil.

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