Atento SA (ATTO) Expected to Post Quarterly Sales of $487.58 Million

Wall Street analysts predict that Atento SA (NYSE:ATTO) will report $487.58 million in sales for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Atento’s earnings, with estimates ranging from $480.70 million to $494.45 million. Atento reported sales of $442.01 million during the same quarter last year, which indicates a positive year-over-year growth rate of 10.3%. The company is expected to issue its next earnings report on Tuesday, March 20th.

According to Zacks, analysts expect that Atento will report full-year sales of $487.58 million for the current year, with estimates ranging from $1.90 billion to $1.94 billion. For the next financial year, analysts expect that the firm will report sales of $1.98 billion per share, with estimates ranging from $1.93 billion to $2.02 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover Atento.

Atento (NYSE:ATTO) last posted its quarterly earnings results on Tuesday, October 31st. The business services provider reported $0.24 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.01. Atento had a return on equity of 12.63% and a net margin of 0.52%.

Several equities analysts have weighed in on the stock. BidaskClub cut shares of Atento from a “hold” rating to a “sell” rating in a research report on Wednesday, November 15th. Zacks Investment Research cut shares of Atento from a “buy” rating to a “hold” rating in a research report on Monday, October 23rd. Robert W. Baird reiterated a “buy” rating and set a $15.00 price objective on shares of Atento in a research report on Sunday, October 22nd. ValuEngine cut shares of Atento from a “buy” rating to a “hold” rating in a research report on Friday, November 10th. Finally, Barrington Research set a $16.00 price objective on shares of Atento and gave the stock a “buy” rating in a research report on Wednesday, December 20th. Two analysts have rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $14.50.

Atento (NYSE ATTO) opened at $9.80 on Friday. Atento has a 52-week low of $7.70 and a 52-week high of $12.90. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.58 and a current ratio of 1.58. The firm has a market cap of $720.61 and a P/E ratio of 70.00.

A number of large investors have recently modified their holdings of the stock. Goldman Sachs Group Inc. bought a new stake in Atento in the second quarter worth $115,000. Smith Moore & CO. bought a new stake in Atento in the third quarter worth $232,000. Macquarie Group Ltd. bought a new stake in Atento in the third quarter worth $660,000. Edinburgh Partners Ltd boosted its holdings in Atento by 237.3% in the third quarter. Edinburgh Partners Ltd now owns 98,500 shares of the business services provider’s stock worth $1,143,000 after purchasing an additional 69,300 shares in the last quarter. Finally, Boston Partners bought a new stake in Atento in the fourth quarter worth $3,487,000. Hedge funds and other institutional investors own 95.31% of the company’s stock.

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Atento Company Profile

Atento SA is a provider of customer-relationship management and business-process outsourcing (CRM BPO) services and solutions in Latin America. The Company offers a portfolio of CRM BPO services, including customer care, sales, collections, back office and technical support. The Company operates through three segments: EMEA, Americas and Brazil.

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