Equities analysts predict that Control4 Corporation (NASDAQ:CTRL) will post sales of $67.83 million for the current quarter, according to Zacks. Two analysts have made estimates for Control4 Corporation’s earnings. The lowest sales estimate is $67.69 million and the highest is $67.96 million. Control4 Corporation reported sales of $57.37 million in the same quarter last year, which indicates a positive year over year growth rate of 18.2%. The company is scheduled to announce its next quarterly earnings report on Thursday, February 8th.
On average, analysts expect that Control4 Corporation will report full year sales of $67.83 million for the current year, with estimates ranging from $244.08 million to $244.35 million. For the next financial year, analysts forecast that the business will post sales of $281.82 million per share, with estimates ranging from $273.37 million to $290.28 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that that provide coverage for Control4 Corporation.
Control4 Corporation (NASDAQ:CTRL) last released its quarterly earnings results on Thursday, November 2nd. The electronics maker reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.20. Control4 Corporation had a net margin of 5.96% and a return on equity of 11.63%. The firm had revenue of $64.70 million during the quarter, compared to analyst estimates of $63.59 million. During the same quarter last year, the business earned $0.26 EPS. The company’s revenue was up 17.2% compared to the same quarter last year.
Several research firms have issued reports on CTRL. Zacks Investment Research upgraded shares of Control4 Corporation from a “hold” rating to a “buy” rating and set a $37.00 price target for the company in a report on Wednesday, November 8th. Needham & Company LLC restated a “buy” rating and set a $30.00 price target on shares of Control4 Corporation in a report on Friday, November 3rd. Maxim Group restated a “hold” rating and set a $33.00 price target on shares of Control4 Corporation in a report on Friday, November 3rd. UBS AG lowered shares of Control4 Corporation from an “outperform” rating to a “market perform” rating in a report on Friday, November 3rd. Finally, Cowen and Company set a $30.00 price target on shares of Control4 Corporation and gave the stock a “buy” rating in a report on Wednesday, November 1st. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Control4 Corporation presently has an average rating of “Buy” and an average target price of $25.50.
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In other news, insider Greg Bishop sold 2,254 shares of Control4 Corporation stock in a transaction on Thursday, November 16th. The shares were 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 in the company, valued at approximately $525,116.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Martin Plaehn sold 222,000 shares of Control4 Corporation stock in a transaction on Thursday, November 9th. The shares were 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 owns 169,257 shares of the company’s stock, valued at approximately $5,458,538.25. The disclosure for this sale can be found here. Insiders sold a total of 342,661 shares of company stock valued at $11,143,418 in the last quarter. 6.10% of the stock is currently owned by company insiders.
Several large investors have recently added to or reduced their stakes in the company. California Public Employees Retirement System increased its stake in shares of Control4 Corporation by 5.5% in the 3rd quarter. California Public Employees Retirement System now owns 58,741 shares of the electronics maker’s stock valued at $1,731,000 after acquiring an additional 3,041 shares in the last quarter. Janney Montgomery Scott LLC bought a new stake in shares of Control4 Corporation in the 3rd quarter valued at $293,000. Cornerstone Capital Management Holdings LLC. bought a new stake in shares of Control4 Corporation in the 3rd quarter valued at $1,834,000. PEAK6 Investments L.P. increased its stake in shares of Control4 Corporation by 386.0% in the 3rd quarter. PEAK6 Investments L.P. now owns 93,172 shares of the electronics maker’s stock valued at $2,745,000 after acquiring an additional 74,000 shares in the last quarter. Finally, Stifel Financial Corp bought a new stake in shares of Control4 Corporation in the 3rd quarter valued at $12,680,000. Institutional investors own 74.15% of the company’s stock.
Control4 Corporation (NASDAQ:CTRL) traded down $1.36 during trading on Friday, reaching $33.08. 885,296 shares of the company’s stock traded hands, compared to its average volume of 807,743. Control4 Corporation has a 52-week low of $10.08 and a 52-week high of $34.73. The company has a market cap of $835.83, a price-to-earnings ratio of 50.89, a price-to-earnings-growth ratio of 3.23 and a beta of -0.57.
Control4 Corporation 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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