Atento (ATTO) Posts Quarterly Earnings Results, Beats Expectations By $0.05 EPS
Atento (NYSE:ATTO) issued its quarterly earnings results on Tuesday. The business services provider reported $0.21 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.16 by $0.05, MarketWatch Earnings reports. Atento had a negative net margin of 0.31% and a positive return on equity of 16.17%.
ATTO stock opened at $3.75 on Thursday. The company has a debt-to-equity ratio of 1.31, a quick ratio of 1.53 and a current ratio of 1.53. Atento has a fifty-two week low of $3.55 and a fifty-two week high of $8.90. The company has a market cap of $291.20 million, a P/E ratio of 5.00, a PEG ratio of 0.80 and a beta of 0.61.
ATTO has been the topic of several research reports. Zacks Investment Research raised shares of Atento from a “hold” rating to a “buy” rating and set a $4.25 price target on the stock in a research report on Thursday, February 21st. Credit Suisse Group raised shares of Atento from a “neutral” rating to an “outperform” rating in a research report on Sunday, January 6th. TheStreet cut shares of Atento from a “c” rating to a “d+” rating in a research report on Tuesday, November 27th. Finally, ValuEngine cut shares of Atento from a “sell” rating to a “strong sell” rating in a research report on Wednesday, November 21st. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $8.75.
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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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