$0.43 Earnings Per Share Expected for Control4 Corp (CTRL) This Quarter

Brokerages forecast that Control4 Corp (NASDAQ:CTRL) will post $0.43 earnings per share for the current quarter, Zacks reports. Four analysts have issued estimates for Control4’s earnings, with estimates ranging from $0.42 to $0.44. Control4 reported earnings per share of $0.40 during the same quarter last year, which indicates a positive year-over-year growth rate of 7.5%. The company is scheduled to report its next quarterly earnings results on Thursday, February 14th.

On average, analysts expect that Control4 will report full year earnings of $1.42 per share for the current year, with EPS estimates ranging from $1.40 to $1.44. For the next fiscal year, analysts forecast that the company will post earnings of $1.55 per share, with EPS estimates ranging from $1.45 to $1.77. Zacks’ EPS averages are an average based on a survey of sell-side research firms that that provide coverage for Control4.

Control4 (NASDAQ:CTRL) last announced its quarterly earnings results on Thursday, November 1st. The electronics maker reported $0.38 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.02. The company had revenue of $71.59 million during the quarter, compared to analysts’ expectations of $71.52 million. Control4 had a return on equity of 15.17% and a net margin of 7.22%. The firm’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.35 earnings per share.

Several brokerages have recently weighed in on CTRL. Zacks Investment Research cut Control4 from a “buy” rating to a “hold” rating in a research report on Tuesday, August 14th. ValuEngine cut Control4 from a “hold” rating to a “sell” rating in a research report on Friday. Imperial Capital set a $32.00 target price on Control4 and gave the stock an “outperform” rating in a research report on Friday, August 3rd. Needham & Company LLC boosted their target price on Control4 from $31.00 to $33.00 and gave the stock a “buy” rating in a research report on Friday, August 3rd. Finally, DA Davidson boosted their target price on Control4 to $38.00 and gave the stock a “buy” rating in a research report on Thursday, September 6th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $35.00.

In related news, General Counsel Joshua D. Ellis sold 716 shares of the business’s stock in a transaction dated Monday, September 17th. The stock was sold at an average price of $37.18, for a total transaction of $26,620.88. Following the completion of the transaction, the general counsel now directly owns 1,470 shares in the company, valued at $54,654.60. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Bryce Judd sold 1,041 shares of the business’s stock in a transaction dated Wednesday, August 8th. The stock was sold at an average price of $31.42, for a total value of $32,708.22. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 541,475 shares of company stock valued at $17,737,001. 6.10% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently bought and sold shares of the company. Harvest Fund Management Co. Ltd purchased a new position in shares of Control4 in the 3rd quarter worth about $129,000. Stratos Wealth Partners LTD. purchased a new position in shares of Control4 in the 3rd quarter worth about $139,000. Piedmont Investment Advisors LLC purchased a new position in shares of Control4 in the 2nd quarter worth about $117,000. Canandaigua National Bank & Trust Co. purchased a new position in shares of Control4 in the 3rd quarter worth about $203,000. Finally, Alta Capital Management LLC purchased a new position in shares of Control4 in the 3rd quarter worth about $223,000. Hedge funds and other institutional investors own 79.06% of the company’s stock.

Shares of NASDAQ CTRL traded down $4.88 during mid-day trading on Friday, hitting $23.92. The company had a trading volume of 2,571,015 shares, compared to its average volume of 466,329. The stock has a market cap of $624.22 million, a PE ratio of 31.89, a price-to-earnings-growth ratio of 2.24 and a beta of 0.34. Control4 has a 1 year low of $20.50 and a 1 year high of $37.62.

About Control4

Control4 Corporation provides smart home and business solutions in the United States, Canada, and internationally. The company offers Control4 solution that functions as the operating system of the home, integrating audio, video, lighting, temperature, security, communications, and other devices into a unified automation solution.

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