Zacks: Analysts Expect Control4 Corp (CTRL) Will Post Earnings of $0.36 Per Share

Equities research analysts expect Control4 Corp (NASDAQ:CTRL) to announce $0.36 earnings per share for the current quarter, Zacks reports. Four analysts have issued estimates for Control4’s earnings, with the highest EPS estimate coming in at $0.38 and the lowest estimate coming in at $0.35. Control4 posted earnings of $0.35 per share in the same quarter last year, which would suggest a positive year over year growth rate of 2.9%. The firm is scheduled to report its next quarterly earnings results on Thursday, November 1st.

According to Zacks, analysts expect that Control4 will report full-year earnings of $1.42 per share for the current financial year, with EPS estimates ranging from $1.40 to $1.44. For the next financial year, analysts forecast that the company will report earnings of $1.55 per share, with EPS estimates ranging from $1.45 to $1.77. Zacks’ earnings per share averages are a mean average based on a survey of research firms that follow Control4.

Control4 (NASDAQ:CTRL) last issued its quarterly earnings results on Thursday, August 2nd. The electronics maker reported $0.42 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.21 by $0.21. The business had revenue of $69.20 million during the quarter, compared to the consensus estimate of $68.02 million. Control4 had a net margin of 7.21% and a return on equity of 15.03%. The firm’s quarterly revenue was up 12.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.32 EPS.

CTRL has been the topic of a number of research analyst reports. Zacks Investment Research upgraded shares of Control4 from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a research note on Wednesday, July 4th. Roth Capital initiated coverage on shares of Control4 in a research note on Wednesday, June 13th. They issued a “buy” rating and a $31.00 target price on the stock. ValuEngine upgraded shares of Control4 from a “hold” rating to a “buy” rating in a research note on Friday, August 3rd. Needham & Company LLC raised their price target on shares of Control4 from $31.00 to $33.00 and gave the stock a “buy” rating in a research report on Friday, August 3rd. Finally, Maxim Group reiterated a “buy” rating and set a $36.00 target price on shares of Control4 in a research report on Friday, August 3rd. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $33.50.

NASDAQ:CTRL opened at $35.04 on Friday. Control4 has a 1 year low of $20.50 and a 1 year high of $37.62. The firm has a market capitalization of $885.42 million, a P/E ratio of 46.72, a PEG ratio of 3.17 and a beta of -0.10.

In related news, General Counsel Joshua D. Ellis sold 716 shares of Control4 stock in a transaction dated Monday, September 10th. The shares were sold at an average price of $35.18, for a total transaction of $25,188.88. Following the completion of the transaction, the general counsel now directly owns 2,186 shares of the company’s stock, valued at approximately $76,903.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Bryce Judd sold 1,042 shares of the business’s stock in a transaction dated Monday, July 2nd. The stock was sold at an average price of $24.11, for a total transaction of $25,122.62. Following the completion of the transaction, the senior vice president now directly owns 1,042 shares of the company’s stock, valued at $25,122.62. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 551,039 shares of company stock worth $17,975,926. 4.40% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Northern Trust Corp raised its stake in shares of Control4 by 0.7% in the second quarter. Northern Trust Corp now owns 284,027 shares of the electronics maker’s stock worth $6,904,000 after acquiring an additional 1,901 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Control4 by 23.7% in the second quarter. PNC Financial Services Group Inc. now owns 11,041 shares of the electronics maker’s stock worth $268,000 after acquiring an additional 2,118 shares during the last quarter. Skylands Capital LLC raised its stake in shares of Control4 by 1.6% in the second quarter. Skylands Capital LLC now owns 142,100 shares of the electronics maker’s stock worth $3,454,000 after acquiring an additional 2,200 shares during the last quarter. Victory Capital Management Inc. grew its position in shares of Control4 by 52.9% during the 1st quarter. Victory Capital Management Inc. now owns 7,403 shares of the electronics maker’s stock worth $159,000 after buying an additional 2,561 shares during the period. Finally, Rhumbline Advisers grew its holdings in Control4 by 5.4% during the second quarter. Rhumbline Advisers now owns 53,608 shares of the electronics maker’s stock valued at $1,303,000 after purchasing an additional 2,747 shares during the period. 79.40% of the stock is owned by institutional investors.

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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