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.
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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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