Wall Street brokerages expect Atento S.A. (NYSE:ATTO) to report earnings of $0.23 per share for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Atento’s earnings, with the lowest EPS estimate coming in at $0.22 and the highest estimate coming in at $0.23. Atento posted earnings of $0.20 per share in the same quarter last year, which indicates a positive year over year growth rate of 15%. The company is scheduled to announce its next quarterly earnings report on Wednesday, November 8th.

According to Zacks, 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 financial year, analysts forecast that the firm will report earnings of $0.99 per share, with EPS estimates ranging from $0.95 to $1.01. Zacks Investment Research’s EPS calculations are an average based on a survey of research firms that that provide coverage for Atento.

Atento (NYSE:ATTO) last released its quarterly earnings results 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 return on equity of 11.96% and a net margin of 0.99%. The company had revenue of $473.70 million during the quarter, compared to analysts’ expectations of $464.12 million. During the same period in the prior year, the firm earned $0.13 EPS. Atento’s quarterly revenue was up 5.6% on a year-over-year basis.

Several equities research analysts have recently issued reports on the stock. Barrington Research lifted their price objective on shares of Atento from $14.00 to $16.00 and gave the company an “outperform” rating in a research report on Monday, August 21st. BidaskClub cut shares of Atento from a “buy” rating to a “hold” rating in a research report on Saturday, September 30th. Robert W. Baird reiterated a “buy” rating on shares of Atento in a research report on Tuesday, September 19th. ValuEngine upgraded shares of Atento from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Finally, Zacks Investment Research raised shares of Atento from a “hold” rating to a “strong-buy” rating and set a $14.00 target price for the company in a report on Thursday, July 27th. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $14.33.

Atento (NYSE:ATTO) traded up 1.28% during trading on Tuesday, reaching $11.85. 9,571 shares of the company’s stock were exchanged. Atento has a 12-month low of $6.85 and a 12-month high of $12.30. The company has a market cap of $875.82 million, a P/E ratio of 48.57 and a beta of 0.03. The stock’s 50-day moving average is $11.83 and its 200-day moving average is $10.85.

Hedge funds have recently bought and sold shares of the stock. Goldman Sachs Group Inc. purchased a new position in shares of Atento in the second quarter valued at $115,000. Sei Investments Co. grew its holdings 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 purchasing an additional 11,800 shares in the last quarter. Quantum Capital Management grew its holdings in shares of Atento by 1.1% in the second quarter. Quantum Capital Management now owns 16,911 shares of the business services provider’s stock valued at $189,000 after purchasing an additional 178 shares in the last quarter. Spark Investment Management LLC purchased a new position in shares of Atento in the second quarter valued at $611,000. Finally, Morgan Stanley grew its holdings 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 purchasing an additional 58,924 shares in the last quarter. 95.69% of the stock is owned by hedge funds and other institutional investors.

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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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