Atento S.A. (NYSE:ATTO) Expected to Post Earnings of -$0.15 Per Share

Equities analysts forecast that Atento S.A. (NYSE:ATTOGet Rating) will announce ($0.15) earnings per share for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Atento’s earnings. Atento reported earnings per share of $0.11 in the same quarter last year, which would indicate a negative year-over-year growth rate of 236.4%. The business is scheduled to announce its next earnings results on Monday, January 1st.

According to Zacks, analysts expect that Atento will report full-year earnings of ($1.56) per share for the current fiscal year, with EPS estimates ranging from ($3.24) to $0.13. For the next fiscal year, analysts anticipate that the business will report earnings of $1.47 per share, with EPS estimates ranging from $0.92 to $2.01. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that follow Atento.

Atento (NYSE:ATTOGet Rating) last announced its earnings results on Wednesday, March 30th. The business services provider reported ($2.43) earnings per share for the quarter. Atento had a negative net margin of 9.80% and a negative return on equity of 132.40%. The company had revenue of $327.20 million during the quarter, compared to analysts’ expectations of $352.00 million.

ATTO has been the subject of a number of recent research reports. TheStreet downgraded Atento from a “c-” rating to a “d” rating in a research note on Friday, May 13th. Barrington Research reaffirmed an “outperform” rating on shares of Atento in a research report on Friday, April 1st. StockNews.com started coverage on Atento in a research note on Thursday, March 31st. They set a “buy” rating for the company. Finally, Zacks Investment Research cut Atento from a “hold” rating to a “strong sell” rating in a research note on Wednesday, April 6th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $29.33.

A number of hedge funds have recently added to or reduced their stakes in the business. Morgan Stanley lifted its stake in Atento by 1.0% during the second quarter. Morgan Stanley now owns 122,228 shares of the business services provider’s stock valued at $3,134,000 after buying an additional 1,224 shares in the last quarter. Renaissance Technologies LLC lifted its position in Atento by 19.6% in the third quarter. Renaissance Technologies LLC now owns 47,523 shares of the business services provider’s stock worth $1,341,000 after purchasing an additional 7,780 shares during the period. AMH Equity Ltd bought a new position in Atento in the fourth quarter worth $5,900,000. Intrepid Capital Management Inc. bought a new position in shares of Atento during the fourth quarter valued at $481,000. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Atento by 40,368.8% during the fourth quarter. JPMorgan Chase & Co. now owns 6,475 shares of the business services provider’s stock valued at $165,000 after acquiring an additional 6,459 shares during the period.

Atento stock traded down $0.05 on Monday, hitting $14.22. 1 shares of the stock traded hands, compared to its average volume of 24,196. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 19.16. The firm has a market cap of $213.30 million, a P/E ratio of -1.43, a price-to-earnings-growth ratio of 1.78 and a beta of 1.40. The business’s fifty day simple moving average is $24.98 and its 200 day simple moving average is $24.86. Atento has a 1 year low of $13.24 and a 1 year high of $32.00.

About Atento (Get Rating)

Atento SA, together with its subsidiaries, provides customer relationship management 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, technical support, collections, and back office.

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