Wall Street analysts expect that Control4 (NASDAQ:CTRL) will announce earnings per share (EPS) of $0.14 for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Control4’s earnings, with the highest EPS estimate coming in at $0.16 and the lowest estimate coming in at $0.12. Control4 posted earnings per share of $0.12 during the same quarter last year, which indicates a positive year-over-year growth rate of 16.7%. The company is scheduled to report its next quarterly earnings results after the market closes on Thursday, May 3rd.
On average, analysts expect that Control4 will report full-year earnings of $1.24 per share for the current fiscal year, with EPS estimates ranging from $1.23 to $1.25. For the next financial year, analysts anticipate that the business will report earnings of $1.41 per share, with EPS estimates ranging from $1.36 to $1.48. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that follow Control4.
Control4 (NASDAQ:CTRL) last issued its quarterly earnings data on Thursday, February 8th. The electronics maker reported $0.40 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.35 by $0.05. The firm had revenue of $68.34 million for the quarter, compared to analyst estimates of $67.21 million. Control4 had a return on equity of 12.74% and a net margin of 6.53%. The business’s quarterly revenue was up 19.1% compared to the same quarter last year. During the same period last year, the company earned $0.31 EPS.
A number of brokerages have recently weighed in on CTRL. Zacks Investment Research upgraded Control4 from a “hold” rating to a “buy” rating and set a $26.00 price objective on the stock in a research report on Tuesday, March 27th. Maxim Group upgraded Control4 from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $33.00 to $36.00 in a research report on Friday, February 9th. DA Davidson initiated coverage on Control4 in a research report on Friday, March 16th. They issued a “buy” rating and a $30.00 price objective on the stock. BidaskClub lowered Control4 from a “sell” rating to a “strong sell” rating in a research report on Monday, February 5th. Finally, Imperial Capital upgraded Control4 from an “in-line” rating to an “outperform” rating and lifted their price target for the company from $24.65 to $30.00 in a research report on Thursday, March 8th. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $30.29.
In other Control4 news, CEO Martin Plaehn sold 41,585 shares of the business’s stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $24.51, for a total value of $1,019,248.35. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Greg Bishop sold 2,178 shares of the business’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $25.58, for a total value of $55,713.24. Following the completion of the sale, the insider now directly owns 15,962 shares in the company, valued at $408,307.96. The disclosure for this sale can be found here. Insiders have sold 158,377 shares of company stock worth $3,904,668 over the last 90 days. 6.10% of the stock is currently owned by corporate insiders.
Institutional investors have recently added to or reduced their stakes in the business. Advisory Services Network LLC boosted its holdings in Control4 by 160.7% in the fourth quarter. Advisory Services Network LLC now owns 3,910 shares of the electronics maker’s stock worth $116,000 after acquiring an additional 2,410 shares in the last quarter. LS Investment Advisors LLC boosted its holdings in Control4 by 866.5% in the fourth quarter. LS Investment Advisors LLC now owns 5,992 shares of the electronics maker’s stock worth $178,000 after acquiring an additional 5,372 shares in the last quarter. Winslow Evans & Crocker Inc. bought a new stake in Control4 in the fourth quarter worth $209,000. Pinnacle Associates Ltd. bought a new stake in Control4 in the fourth quarter worth $218,000. Finally, Gotham Asset Management LLC bought a new stake in Control4 in the fourth quarter worth $241,000. 77.04% of the stock is currently owned by institutional investors and hedge funds.
Shares of CTRL stock traded down $0.14 during trading hours on Friday, reaching $21.55. The company’s stock had a trading volume of 178,423 shares, compared to its average volume of 505,446. The firm has a market cap of $569.60, a P/E ratio of 28.73, a P/E/G ratio of 2.58 and a beta of -0.31. Control4 has a one year low of $16.22 and a one year high of $35.99.
Control4 announced that its board has authorized a stock buyback plan on Thursday, February 8th that permits the company to buyback $20.00 million in outstanding shares. This buyback authorization permits the electronics maker to purchase shares of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.
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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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