Zacks: Brokerages Expect Control4 Corp (CTRL) Will Post Earnings of $0.35 Per Share
Equities research analysts forecast that Control4 Corp (NASDAQ:CTRL) will report earnings of $0.35 per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Control4’s earnings, with the highest EPS estimate coming in at $0.36 and the lowest estimate coming in at $0.33. Control4 posted earnings of $0.31 per share during the same quarter last year, which suggests a positive year over year growth rate of 12.9%. The company is expected to report its next quarterly earnings results on Thursday, February 8th.
According to Zacks, analysts expect that Control4 will report full-year earnings of $1.14 per share for the current fiscal year, with EPS estimates ranging from $1.13 to $1.15. For the next financial year, analysts expect that the business will report earnings of $1.25 per share, with EPS estimates ranging from $1.18 to $1.30. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Control4.
Control4 (NASDAQ:CTRL) last posted its earnings results on Thursday, November 2nd. The electronics maker reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.20. The business had revenue of $64.70 million for the quarter, compared to analyst estimates of $63.59 million. Control4 had a return on equity of 11.63% and a net margin of 5.96%. The firm’s revenue was up 17.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.26 EPS.
A number of research analysts have commented on the company. Maxim Group reaffirmed a “hold” rating and issued a $33.00 price objective on shares of Control4 in a report on Friday, November 3rd. UBS lowered Control4 from an “outperform” rating to a “market perform” rating in a report on Friday, November 3rd. Zacks Investment Research raised Control4 from a “hold” rating to a “buy” rating and set a $37.00 price objective on the stock in a report on Wednesday, November 8th. BidaskClub raised Control4 from a “hold” rating to a “buy” rating in a report on Wednesday. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $30.00 price objective on shares of Control4 in a report on Friday, November 3rd. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $25.50.
In other news, CEO Martin Plaehn sold 222,000 shares of the company’s stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $32.25, for a total transaction of $7,159,500.00. Following the completion of the sale, the chief executive officer now directly owns 169,257 shares in the company, valued at approximately $5,458,538.25. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Jeremy A. Jaech sold 12,801 shares of the company’s stock in a transaction on Monday, November 27th. The shares were sold at an average price of $34.48, for a total value of $441,378.48. Following the sale, the director now owns 31,002 shares of the company’s stock, valued at $1,068,948.96. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 360,766 shares of company stock valued at $11,761,260. Corporate insiders own 6.10% of the company’s stock.
Hedge funds have recently made changes to their positions in the stock. Legal & General Group Plc lifted its position in shares of Control4 by 11.7% during the 2nd quarter. Legal & General Group Plc now owns 5,506 shares of the electronics maker’s stock worth $107,000 after buying an additional 577 shares during the last quarter. Victory Capital Management Inc. acquired a new position in Control4 in the 3rd quarter worth about $130,000. Teachers Retirement System of The State of Kentucky acquired a new position in Control4 in the 3rd quarter worth about $183,000. Voya Investment Management LLC acquired a new position in Control4 in the 2nd quarter worth about $213,000. Finally, Municipal Employees Retirement System of Michigan acquired a new position in Control4 in the 3rd quarter worth about $215,000. Institutional investors and hedge funds own 77.34% of the company’s stock.
Shares of Control4 (NASDAQ:CTRL) traded down $1.30 during midday trading on Friday, reaching $30.46. The company’s stock had a trading volume of 421,723 shares, compared to its average volume of 530,656. Control4 has a 52-week low of $10.08 and a 52-week high of $35.99. The firm has a market cap of $726.11, a price-to-earnings ratio of 57.47, a price-to-earnings-growth ratio of 3.10 and a beta of -0.51.
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Control4 Company Profile
Control4 Corporation (Control4) is a provider of smart home and business solutions. The Company’s smart home and small business solutions provide consumers with the ability to integrate audio, video, lighting, temperature, security, communications, network management and other functionalities into a unified automation solution, customized to match their lifestyles and business needs.
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