Atento (NYSE:ATTO) Releases Earnings Results

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 Company Profile

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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Earnings History for Atento (NYSE:ATTO)

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