Atento (NYSE:ATTO) announced its earnings results on Wednesday. The business services provider reported $0.03 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.18 by ($0.15), Fidelity Earnings reports. Atento had a positive return on equity of 9.19% and a negative net margin of 2.03%. The company had revenue of $412.30 million during the quarter, compared to the consensus estimate of $423.60 million.
Shares of NYSE:ATTO traded up $0.07 during trading on Friday, hitting $2.86. 76,217 shares of the company’s stock were exchanged, compared to its average volume of 140,307. Atento has a 1-year low of $2.10 and a 1-year high of $6.18. The firm has a 50-day moving average price of $2.85 and a two-hundred day moving average price of $2.70. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 2.14. The firm has a market cap of $210.39 million, a P/E ratio of 3.71, a PEG ratio of 1.01 and a beta of 0.80.
A number of equities analysts have weighed in on the stock. Zacks Investment Research raised shares of Atento from a “sell” rating to a “hold” rating in a research note on Monday, October 7th. TheStreet downgraded shares of Atento from a “c” rating to a “d” rating in a research note on Friday, July 19th. Barrington Research reaffirmed a “buy” rating and issued a $8.00 target price on shares of Atento in a research note on Thursday, August 1st. Finally, ValuEngine downgraded shares of Atento from a “buy” rating to a “hold” rating in a research note on Monday, November 4th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Atento currently has a consensus rating of “Hold” and a consensus price target of $5.17.
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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