Wall Street brokerages forecast that Atento S.A. (NYSE:ATTO) will report earnings of $0.23 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Atento’s earnings, with estimates ranging from $0.22 to $0.23. Atento reported earnings of $0.20 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 15%. The firm is scheduled to issue its next earnings report on Wednesday, November 8th.

On average, analysts expect that Atento will report full year earnings of $0.82 per share for the current financial year, with EPS estimates ranging from $0.80 to $0.85. For the next year, analysts forecast that the business will report earnings of $0.99 per share, with EPS estimates ranging from $0.95 to $1.01. Zacks’ EPS calculations are a mean average based on a survey of research analysts that cover Atento.

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

Several equities research analysts have commented on ATTO shares. ValuEngine upgraded Atento from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. BidaskClub lowered Atento from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 30th. Zacks Investment Research upgraded Atento from a “sell” rating to a “hold” rating in a research note on Monday, June 26th. Bank of America Corporation increased their target price on Atento from $11.00 to $13.00 and gave the company a “neutral” rating in a research note on Tuesday, July 25th. Finally, Barrington Research increased their target price on Atento from $14.00 to $16.00 and gave the company an “outperform” rating in a research note on Monday, August 21st. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $14.33.

Hedge funds have recently bought and sold shares of the company. Goldman Sachs Group Inc. acquired a new stake in shares of Atento in the second quarter valued at about $115,000. Sei Investments Co. grew its stake in shares of Atento by 402.0% in the second quarter. Sei Investments Co. now owns 14,735 shares of the business services provider’s stock valued at $164,000 after buying an additional 11,800 shares in the last quarter. Quantum Capital Management grew its stake in shares of Atento by 46.4% in the first quarter. Quantum Capital Management now owns 16,733 shares of the business services provider’s stock valued at $153,000 after buying an additional 5,300 shares in the last quarter. Spark Investment Management LLC acquired a new stake in shares of Atento in the second quarter valued at about $611,000. Finally, Morgan Stanley grew its stake in shares of Atento by 51.8% in the first quarter. Morgan Stanley now owns 172,731 shares of the business services provider’s stock valued at $1,580,000 after buying an additional 58,924 shares in the last quarter. Institutional investors and hedge funds own 95.69% of the company’s stock.

Atento (ATTO) opened at 12.00 on Friday. The stock has a 50 day moving average price of $11.86 and a 200 day moving average price of $10.23. Atento has a 52 week low of $6.85 and a 52 week high of $12.10. The stock has a market cap of $886.91 million, a PE ratio of 49.18 and a beta of 0.04.

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About Atento

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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