Zacks: Analysts Anticipate Control4 Corp (CTRL) to Post $0.36 EPS

Equities research analysts expect Control4 Corp (NASDAQ:CTRL) to report earnings per share of $0.36 for the current quarter, Zacks reports. Four analysts have made estimates for Control4’s earnings. The highest EPS estimate is $0.38 and the lowest is $0.33. Control4 reported earnings of $0.35 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 2.9%. The business 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 $1.39 per share for the current fiscal year, with EPS estimates ranging from $1.27 to $1.44. For the next year, analysts anticipate that the firm will post earnings of $1.48 per share, with EPS estimates ranging from $1.39 to $1.60. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Control4.

Control4 (NASDAQ:CTRL) last posted its quarterly earnings data on Thursday, August 2nd. The electronics maker reported $0.42 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.21. Control4 had a return on equity of 15.03% and a net margin of 7.21%. The company had revenue of $69.20 million during the quarter, compared to analysts’ expectations of $68.02 million. During the same quarter in the previous year, the business earned $0.32 EPS. Control4’s revenue was up 12.7% compared to the same quarter last year.

A number of research firms recently issued reports on CTRL. Zacks Investment Research cut Control4 from a “buy” rating to a “hold” rating in a report on Tuesday, August 14th. Imperial Capital set a $32.00 price objective on Control4 and gave the company an “outperform” rating in a report on Friday, August 3rd. Needham & Company LLC boosted their price objective on Control4 from $31.00 to $33.00 and gave the company a “buy” rating in a report on Friday, August 3rd. Roth Capital set a $32.00 price objective on Control4 and gave the company a “buy” rating in a report on Friday, August 3rd. Finally, BidaskClub upgraded Control4 from a “strong sell” rating to a “sell” rating in a report on Tuesday, July 10th. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $31.00.

CTRL traded down $0.35 during trading hours on Monday, reaching $36.51. 328,200 shares of the company’s stock traded hands, compared to its average volume of 422,167. Control4 has a 52-week low of $20.50 and a 52-week high of $37.30. The stock has a market cap of $961.89 million, a P/E ratio of 48.83, a PEG ratio of 3.84 and a beta of -0.22.

In other Control4 news, SVP Susan Cashen sold 5,000 shares of Control4 stock in a transaction on Wednesday, May 30th. The stock was sold at an average price of $25.08, for a total transaction of $125,400.00. Following the completion of the sale, the senior vice president now directly owns 5,000 shares of the company’s stock, valued at approximately $125,400. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Bryce Judd sold 1,042 shares of Control4 stock in a transaction on Monday, July 2nd. The shares were sold at an average price of $24.11, for a total value of $25,122.62. Following the sale, 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 ninety days, insiders have sold 557,488 shares of company stock valued at $18,019,071. 4.40% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of CTRL. Millennium Management LLC raised its position in Control4 by 1,687.7% during the 1st quarter. Millennium Management LLC now owns 385,463 shares of the electronics maker’s stock valued at $8,280,000 after purchasing an additional 363,901 shares in the last quarter. State of New Jersey Common Pension Fund D raised its position in Control4 by 53.6% during the 1st quarter. State of New Jersey Common Pension Fund D now owns 860,000 shares of the electronics maker’s stock valued at $18,473,000 after purchasing an additional 300,000 shares in the last quarter. BlackRock Inc. raised its position in Control4 by 9.9% during the 2nd quarter. BlackRock Inc. now owns 3,280,943 shares of the electronics maker’s stock valued at $79,760,000 after purchasing an additional 294,268 shares in the last quarter. Systematic Financial Management LP raised its position in Control4 by 42.5% during the 2nd quarter. Systematic Financial Management LP now owns 855,095 shares of the electronics maker’s stock valued at $20,787,000 after purchasing an additional 255,140 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in Control4 by 15.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,081,596 shares of the electronics maker’s stock valued at $23,233,000 after purchasing an additional 142,699 shares in the last quarter. 79.36% of the stock is owned by institutional investors and hedge funds.

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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