Atento (NYSE:ATTO) Issues Quarterly Earnings Results, Misses Estimates By $0.15 EPS
Atento (NYSE:ATTO) posted its quarterly earnings results on Wednesday. The business services provider reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.15), Fidelity Earnings reports. The firm had revenue of $412.30 million for the quarter, compared to analysts’ expectations of $423.60 million. Atento had a positive return on equity of 9.19% and a negative net margin of 2.03%.
Atento stock traded up $0.07 during mid-day trading on Friday, reaching $2.86. The company had a trading volume of 76,217 shares, 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 company has a debt-to-equity ratio of 2.14, a current ratio of 1.46 and a quick ratio of 1.46. The company has a market capitalization of $210.39 million, a P/E ratio of 3.71, a P/E/G ratio of 1.01 and a beta of 0.80. The stock’s 50-day simple moving average is $2.85 and its 200-day simple moving average is $2.70.
Several research analysts recently issued reports on the stock. Zacks Investment Research raised shares of Atento from a “sell” rating to a “hold” rating in a report on Monday, October 7th. TheStreet cut shares of Atento from a “c” rating to a “d” rating in a report on Friday, July 19th. ValuEngine cut shares of Atento from a “buy” rating to a “hold” rating in a report on Monday, November 4th. Finally, Barrington Research reissued a “buy” rating and set a $8.00 price target on shares of Atento in a report on Thursday, August 1st. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Atento presently has an average 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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