Control4 (NASDAQ:CTRL) released its quarterly earnings data on Thursday. The electronics maker reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.05, Bloomberg Earnings reports. Control4 had a return on equity of 13.24% and a net margin of 6.53%. The company had revenue of $68.34 million for the quarter, compared to analyst estimates of $67.21 million. During the same period in the previous year, the company posted $0.31 EPS. The firm’s revenue for the quarter was up 19.1% compared to the same quarter last year. Control4 updated its Q1 guidance to $0.12-0.16 EPS and its FY18 guidance to $1.19-1.26 EPS.

Shares of Control4 (NASDAQ:CTRL) opened at $24.12 on Friday. The firm has a market capitalization of $636.72, a PE ratio of 40.88, a P/E/G ratio of 2.18 and a beta of -0.60. Control4 has a fifty-two week low of $11.18 and a fifty-two week high of $35.99.

A number of analysts recently issued reports on CTRL shares. BidaskClub lowered Control4 from a “buy” rating to a “hold” rating in a research note on Wednesday, January 3rd. Zacks Investment Research upgraded Control4 from a “hold” rating to a “buy” rating and set a $37.00 price objective on the stock in a research note on Wednesday, November 8th. Cowen reiterated a “buy” rating on shares of Control4 in a research note on Tuesday, January 9th. Maxim Group reiterated a “hold” rating and set a $33.00 price objective on shares of Control4 in a research note on Friday, November 3rd. Finally, Needham & Company LLC reiterated a “buy” rating and set a $30.00 price objective on shares of Control4 in a research note on Friday, November 3rd. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the stock. Control4 has an average rating of “Hold” and a consensus price target of $27.25.

In other Control4 news, CEO Martin Plaehn sold 5,304 shares of the stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $33.27, for a total value of $176,464.08. Following the completion of the sale, the chief executive officer now owns 52,120 shares in the company, valued at approximately $1,734,032.40. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Greg Bishop sold 2,254 shares of the stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $32.90, for a total value of $74,156.60. Following the completion of the sale, the insider now owns 15,961 shares of the company’s stock, valued at approximately $525,116.90. The disclosure for this sale can be found here. Insiders have sold a total of 50,397 shares of company stock valued at $1,612,471 over the last 90 days. 6.10% of the stock is currently owned by company insiders.

Control4 announced that its Board of Directors has authorized a stock repurchase plan on Thursday, February 8th that authorizes the company to buyback $20.00 million in shares. This buyback authorization authorizes the electronics maker to purchase shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

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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.

Earnings History for Control4 (NASDAQ:CTRL)

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