Brokerages expect that Atento SA (NYSE:ATTO) will announce earnings of $0.21 per share for the current quarter, Zacks reports. Two analysts have made estimates for Atento’s earnings, with estimates ranging from $0.17 to $0.24. Atento posted earnings of $0.24 per share during the same quarter last year, which indicates a negative year over year growth rate of 12.5%. The firm is expected to issue its next quarterly earnings results after the market closes on Monday, November 12th.
On average, analysts expect that Atento will report full year earnings of $0.73 per share for the current financial year, with EPS estimates ranging from $0.64 to $0.79. For the next year, analysts forecast that the firm will report earnings of $0.83 per share, with EPS estimates ranging from $0.74 to $0.90. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of analysts that that provide coverage for Atento.
A number of research firms recently weighed in on ATTO. Robert W. Baird lowered their price target on shares of Atento from $10.00 to $8.00 and set an “outperform” rating on the stock in a research report on Thursday. Zacks Investment Research lowered shares of Atento from a “hold” rating to a “sell” rating in a research report on Thursday, November 1st. Barrington Research set a $14.00 price target on shares of Atento and gave the stock a “buy” rating in a research report on Thursday, November 1st. Finally, ValuEngine lowered shares of Atento from a “sell” rating to a “strong sell” rating in a research report on Thursday, September 27th. Three investment analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company’s stock. Atento presently has a consensus rating of “Hold” and a consensus price target of $10.83.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Acadian Asset Management LLC boosted its position in Atento by 0.5% during the third quarter. Acadian Asset Management LLC now owns 1,547,540 shares of the business services provider’s stock worth $11,605,000 after acquiring an additional 8,221 shares during the last quarter. Royce & Associates LP boosted its holdings in 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 purchasing an additional 190,200 shares during the last quarter. Bank of America Corp DE boosted its holdings in Atento by 52.4% in the 2nd quarter. Bank of America Corp DE now owns 486,135 shares of the business services provider’s stock valued at $3,330,000 after purchasing an additional 167,174 shares during the last quarter. Aviva PLC acquired a new position in Atento in the 2nd quarter valued at about $2,048,000. Finally, Wells Fargo & Company MN boosted its holdings in Atento by 49.1% in the 1st quarter. Wells Fargo & Company MN now owns 162,308 shares of the business services provider’s stock valued at $1,266,000 after purchasing an additional 53,428 shares during the last quarter. Hedge funds and other institutional investors own 92.38% of the company’s stock.
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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