Barrington Research Analysts Boost Earnings Estimates for Atento SA (NYSE:ATTO)

Atento SA (NYSE:ATTO) – Equities researchers at Barrington Research raised their Q3 2019 EPS estimates for shares of Atento in a research report issued to clients and investors on Monday, August 5th, Zacks Investment Research reports. Barrington Research analyst V. Colicchio now anticipates that the business services provider will post earnings of $0.18 per share for the quarter, up from their previous estimate of $0.16. Barrington Research currently has a “Buy” rating and a $8.00 target price on the stock. Barrington Research also issued estimates for Atento’s Q4 2019 earnings at $0.18 EPS, FY2019 earnings at $0.28 EPS and FY2020 earnings at $0.35 EPS.

Several other brokerages also recently commented on ATTO. Zacks Investment Research raised shares of Atento from a “sell” rating to a “hold” rating in a research note on Tuesday, August 6th. ValuEngine cut shares of Atento from a “sell” rating to a “strong sell” rating in a report on Thursday, April 18th. TheStreet cut shares of Atento from a “c” rating to a “d” rating in a report on Friday, July 19th. Finally, Morgan Stanley cut shares of Atento from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $8.00 to $3.00 in a report on Wednesday, June 5th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $5.88.

Shares of NYSE:ATTO opened at $2.23 on Thursday. Atento has a 52-week low of $2.10 and a 52-week high of $8.45. The firm has a fifty day moving average of $2.36 and a 200 day moving average of $3.16. The firm has a market capitalization of $167.77 million, a PE ratio of 2.90, a price-to-earnings-growth ratio of 0.81 and a beta of 0.74. The company has a debt-to-equity ratio of 2.14, a quick ratio of 1.46 and a current ratio of 1.46.

Atento (NYSE:ATTO) last announced its earnings results on Tuesday, July 30th. The business services provider reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.14). Atento had a positive return on equity of 9.19% and a negative net margin of 2.03%. The company had revenue of $441.10 million during the quarter.

Several large investors have recently bought and sold shares of ATTO. Russell Investments Group Ltd. raised its position in shares of Atento by 133.8% in the second quarter. Russell Investments Group Ltd. now owns 17,536 shares of the business services provider’s stock valued at $43,000 after buying an additional 10,036 shares during the last quarter. Tower Research Capital LLC TRC acquired a new stake in Atento during the second quarter worth approximately $64,000. LPL Financial LLC purchased a new position in shares of Atento during the second quarter worth approximately $125,000. Engine Capital Management LP grew its position in shares of Atento by 120.1% during the second quarter. Engine Capital Management LP now owns 55,244 shares of the business services provider’s stock worth $138,000 after acquiring an additional 30,141 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in shares of Atento by 93.5% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 40,791 shares of the business services provider’s stock worth $147,000 after acquiring an additional 19,714 shares during the last quarter. Institutional investors and hedge funds own 84.49% of the company’s stock.

About Atento

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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