Analysts Expect Atento SA (ATTO) to Post $0.12 Earnings Per Share

Wall Street brokerages forecast that Atento SA (NYSE:ATTO) will announce earnings per share (EPS) of $0.12 for the current quarter, Zacks reports. Two analysts have made estimates for Atento’s earnings. The lowest EPS estimate is $0.11 and the highest is $0.13. Atento reported earnings of $0.10 per share during the same quarter last year, which would indicate a positive year over year growth rate of 20%. The firm is expected to announce its next earnings results on Monday, May 6th.

According to Zacks, analysts expect that Atento will report full-year earnings of $0.63 per share for the current year, with EPS estimates ranging from $0.51 to $0.86. For the next fiscal year, analysts anticipate that the company will post earnings of $0.66 per share, with EPS estimates ranging from $0.60 to $0.76. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that follow Atento.

Atento (NYSE:ATTO) last released its quarterly earnings data on Tuesday, March 19th. The business services provider reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.05. The business had revenue of $421.80 million during the quarter, compared to analyst estimates of $428.02 million. Atento had a net margin of 1.04% and a return on equity of 16.56%.

A number of research firms have weighed in on ATTO. Zacks Investment Research lowered shares of Atento from a “buy” rating to a “hold” rating in a research report on Monday, March 25th. ValuEngine raised shares of Atento from a “strong sell” rating to a “sell” rating in a research report on Monday, February 4th. Finally, Credit Suisse Group upgraded shares of Atento from a “neutral” rating to an “outperform” rating in a report on Sunday, January 6th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $8.75.

Several hedge funds have recently made changes to their positions in ATTO. Great Point Wealth Advisors LLC acquired a new position in shares of Atento during the fourth quarter worth approximately $46,000. Marshall Wace LLP acquired a new position in shares of Atento during the third quarter worth approximately $141,000. Millennium Management LLC acquired a new position in shares of Atento during the fourth quarter worth approximately $149,000. Squarepoint Ops LLC lifted its position in shares of Atento by 81.8% during the fourth quarter. Squarepoint Ops LLC now owns 53,200 shares of the business services provider’s stock worth $213,000 after purchasing an additional 23,931 shares in the last quarter. Finally, Advisory Research Inc. acquired a new position in shares of Atento during the third quarter worth approximately $341,000. Institutional investors own 87.94% of the company’s stock.

Atento stock opened at $3.87 on Thursday. The firm has a market cap of $286.03 million, a price-to-earnings ratio of 5.03, a PEG ratio of 0.74 and a beta of 0.59. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.44 and a quick ratio of 1.44. Atento has a fifty-two week low of $3.35 and a fifty-two week high of $8.45.

About Atento

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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