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

Brokerages expect Atento SA (NYSE:ATTO) to report $0.21 earnings per share for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Atento’s earnings, with the highest EPS estimate coming in at $0.24 and the lowest estimate coming in at $0.17. Atento posted earnings per share of $0.24 in the same quarter last year, which indicates a negative year-over-year growth rate of 12.5%. The company is expected to issue its next earnings report after the market closes on Monday, November 12th.

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 $0.66 to $0.84. For the next fiscal year, analysts forecast that the business will post earnings of $0.82 per share, with EPS estimates ranging from $0.74 to $0.90. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that cover Atento.

Atento (NYSE:ATTO) last released its earnings results on Monday, July 30th. The business services provider reported $0.20 earnings per share (EPS) for the quarter, topping the Zacks’ 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 analyst estimates of $478.50 million.

A number of equities research analysts have recently weighed in on the stock. Robert W. Baird reduced their price objective 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. ValuEngine lowered shares of Atento from a “sell” rating to a “strong sell” rating in a report on Thursday, September 27th. Barrington Research restated a “buy” rating and issued a $14.00 price objective on shares of Atento in a report on Tuesday, July 31st. Finally, Zacks Investment Research upgraded shares of Atento from a “sell” rating to a “hold” rating in a report on Tuesday, July 10th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $11.50.

Shares of ATTO opened at $6.62 on Wednesday. Atento has a twelve month low of $5.45 and a twelve month high of $12.90. The firm has a market capitalization of $504.80 million, a PE ratio of 8.83, a PEG ratio of 0.64 and a beta of 0.14. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 1.26.

Institutional investors and hedge funds have recently made changes to their positions in the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in shares of Atento in the 2nd quarter valued at $144,000. JPMorgan Chase & Co. grew its position in shares of Atento by 179.5% in the 1st quarter. JPMorgan Chase & Co. now owns 121,721 shares of the business services provider’s stock valued at $949,000 after buying an additional 78,177 shares during the last quarter. Element Capital Management LLC purchased a new position in shares of Atento in the 1st quarter valued at $163,000. Aviva PLC purchased a new position in shares of Atento in the 2nd quarter valued at $2,048,000. Finally, Royce & Associates LP grew its position 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 during the last quarter. Institutional investors and hedge funds own 92.38% of the company’s stock.

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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