Zacks: Analysts Anticipate Atento S.A. (ATTO) Will Announce Quarterly Sales of $485.89 Million

Analysts expect Atento S.A. (NYSE:ATTO) to post sales of $485.89 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Atento’s earnings, with the lowest sales estimate coming in at $482.28 million and the highest estimate coming in at $489.50 million. Atento reported sales of $443.72 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 9.5%. The business is scheduled to announce its next earnings report on Wednesday, November 8th.

According to Zacks, analysts expect that Atento will report full year sales of $485.89 million for the current year, with estimates ranging from $1.91 billion to $1.94 billion. For the next financial year, analysts anticipate that the company will post sales of $1.98 billion per share, with estimates ranging from $1.88 billion to $2.03 billion. Zacks’ sales averages are an average based on a survey of research analysts that cover Atento.

Atento (NYSE:ATTO) last posted its quarterly earnings data on Monday, August 14th. The business services provider reported $0.13 EPS for the quarter, missing the Zacks’ consensus estimate of $0.14 by ($0.01). Atento had a net margin of 0.99% and a return on equity of 11.96%. The company had revenue of $473.70 million for the quarter, compared to the consensus estimate of $464.12 million. During the same quarter last year, the company earned $0.13 earnings per share. The company’s revenue was up 5.6% compared to the same quarter last year.

A number of research firms have weighed in on ATTO. Bank of America Corporation lifted their price target on shares of Atento from $11.00 to $13.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 25th. Zacks Investment Research upgraded shares of Atento from a “sell” rating to a “hold” rating in a research note on Monday, June 26th. ValuEngine upgraded shares of Atento from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. BidaskClub downgraded shares of Atento from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 30th. Finally, Barrington Research lifted their price target on shares of Atento from $14.00 to $16.00 and gave the stock an “outperform” rating in a research note on Monday, August 21st. One analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $14.33.

Atento (NYSE:ATTO) traded down 0.84% on Tuesday, reaching $11.75. 11,339 shares of the company’s stock were exchanged. Atento has a 12 month low of $6.85 and a 12 month high of $12.10. The firm has a 50 day moving average of $11.86 and a 200 day moving average of $10.27. The stock has a market capitalization of $868.43 million, a PE ratio of 48.16 and a beta of 0.04.

Institutional investors and hedge funds have recently bought and sold shares of the business. Quantum Capital Management boosted its stake in Atento by 46.4% during the first quarter. Quantum Capital Management now owns 16,733 shares of the business services provider’s stock worth $153,000 after buying an additional 5,300 shares in the last quarter. Eidelman Virant Capital acquired a new stake in shares of Atento in the 2nd quarter valued at $2,523,000. Morgan Stanley boosted its stake in shares of Atento by 51.8% in the 1st quarter. Morgan Stanley now owns 172,731 shares of the business services provider’s stock valued at $1,580,000 after purchasing an additional 58,924 shares in the last quarter. Royce & Associates LP boosted its stake in shares of Atento by 5.7% in the 2nd quarter. Royce & Associates LP now owns 722,601 shares of the business services provider’s stock valued at $8,057,000 after purchasing an additional 38,700 shares in the last quarter. Finally, Newfoundland Capital Management boosted its stake in shares of Atento by 204.3% in the 1st quarter. Newfoundland Capital Management now owns 1,622,880 shares of the business services provider’s stock valued at $14,810,000 after purchasing an additional 1,089,635 shares in the last quarter. Hedge funds and other institutional investors own 95.69% of the company’s stock.

TRADEMARK VIOLATION NOTICE: This story was originally posted by Markets Daily and is the sole property of of Markets Daily. If you are accessing this story on another domain, it was illegally copied and reposted in violation of U.S. and international trademark & copyright law. The correct version of this story can be read at https://www.themarketsdaily.com/2017/09/12/zacks-analysts-anticipate-atento-s-a-atto-will-announce-quarterly-sales-of-485-89-million.html.

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.

Get a free copy of the Zacks research report on Atento (ATTO)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Atento S.A. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Atento S.A. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply