Control4 (NASDAQ:CTRL) posted its quarterly earnings results on Thursday. The electronics maker reported $0.38 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.02, Briefing.com reports. The company had revenue of $71.59 million during the quarter, compared to the consensus estimate of $71.52 million. Control4 had a return on equity of 15.03% and a net margin of 7.21%. The business’s quarterly revenue was up 10.9% on a year-over-year basis. During the same period last year, the business earned $0.35 EPS.
CTRL traded down $4.88 during midday trading on Friday, reaching $23.92. The company’s stock had a trading volume of 2,570,365 shares, compared to its average volume of 449,802. The firm has a market capitalization of $697.01 million, a P/E ratio of 31.89, a price-to-earnings-growth ratio of 2.50 and a beta of -0.03. Control4 has a twelve month low of $20.50 and a twelve month high of $37.62.
CTRL has been the topic of a number of analyst reports. ValuEngine lowered Control4 from a “buy” rating to a “hold” rating in a report on Tuesday, October 2nd. Zacks Investment Research lowered Control4 from a “buy” rating to a “hold” rating in a report on Tuesday, July 24th. BidaskClub raised Control4 from a “sell” rating to a “hold” rating in a report on Friday, August 3rd. Finally, Imperial Capital reaffirmed an “outperform” rating and issued a $30.00 target price on shares of Control4 in a report on Monday, August 6th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Control4 presently has an average rating of “Buy” and a consensus target price of $35.00.
In other Control4 news, General Counsel Joshua D. Ellis sold 716 shares of the firm’s stock in a transaction that occurred on Monday, September 17th. The stock was sold at an average price of $37.18, for a total value of $26,620.88. Following the sale, the general counsel now owns 1,470 shares of the company’s stock, valued at approximately $54,654.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Susan Cashen sold 7,071 shares of the firm’s stock in a transaction that occurred on Monday, September 17th. The shares were sold at an average price of $36.84, for a total value of $260,495.64. Following the completion of the sale, the senior vice president now directly owns 2,049 shares in the company, valued at approximately $75,485.16. The disclosure for this sale can be found here. Insiders sold a total of 541,475 shares of company stock worth $17,737,001 in the last ninety days. Insiders own 6.10% of the company’s stock.
Control4 Company Profile
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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