Zacks: Analysts Anticipate Control4 Corp (NASDAQ:CTRL) to Announce $0.30 EPS

Equities analysts expect Control4 Corp (NASDAQ:CTRL) to report earnings of $0.30 per share for the current quarter, according to Zacks. Four analysts have provided estimates for Control4’s earnings, with the highest EPS estimate coming in at $0.35 and the lowest estimate coming in at $0.24. Control4 reported earnings per share of $0.42 during the same quarter last year, which indicates a negative year-over-year growth rate of 28.6%. The company is expected to announce its next quarterly earnings results on Thursday, August 1st.

According to Zacks, analysts expect that Control4 will report full year earnings of $1.23 per share for the current fiscal year, with EPS estimates ranging from $1.18 to $1.27. For the next fiscal year, analysts anticipate that the company will report earnings of $1.58 per share, with EPS estimates ranging from $1.43 to $1.71. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that follow Control4.

Control4 (NASDAQ:CTRL) last posted its earnings results on Thursday, May 9th. The electronics maker reported $0.13 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.04) by $0.17. Control4 had a return on equity of 12.56% and a net margin of 14.94%. The firm had revenue of $60.43 million during the quarter, compared to analyst estimates of $61.64 million. During the same period in the previous year, the company earned $0.21 EPS. The company’s revenue for the quarter was up 2.2% on a year-over-year basis.

Several equities research analysts recently weighed in on the company. Zacks Investment Research lowered Control4 from a “hold” rating to a “sell” rating in a report on Thursday, March 14th. BidaskClub upgraded Control4 from a “sell” rating to a “hold” rating in a report on Wednesday. ValuEngine upgraded Control4 from a “sell” rating to a “hold” rating in a report on Thursday, May 9th. DA Davidson lowered Control4 from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $33.00 to $24.00 in a report on Thursday, May 9th. Finally, Maxim Group lowered Control4 from a “buy” rating to a “hold” rating in a report on Monday, May 13th. One analyst has rated the stock with a sell rating and nine have given a hold rating to the company’s stock. Control4 has a consensus rating of “Hold” and a consensus target price of $26.57.

CTRL traded up $0.01 on Friday, hitting $23.75. The company had a trading volume of 22,313 shares, compared to its average volume of 426,610. The stock’s fifty day simple moving average is $23.43. Control4 has a 1-year low of $15.59 and a 1-year high of $37.62. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.74 and a current ratio of 3.89. The company has a market capitalization of $636.75 million, a PE ratio of 24.75, a price-to-earnings-growth ratio of 2.24 and a beta of 0.46.

In other news, Director Phil Molyneux sold 23,374 shares of the company’s stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $23.74, for a total transaction of $554,898.76. Following the completion of the transaction, the director now directly owns 42,347 shares in the company, valued at $1,005,317.78. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Robert Born sold 3,570 shares of the company’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $23.64, for a total value of $84,394.80. Following the transaction, the director now owns 17,867 shares of the company’s stock, valued at $422,375.88. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 27,944 shares of company stock valued at $662,924. Corporate insiders own 2.90% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. Comerica Bank lifted its holdings in shares of Control4 by 2.7% during the first quarter. Comerica Bank now owns 26,308 shares of the electronics maker’s stock worth $450,000 after buying an additional 704 shares during the last quarter. Legal & General Group Plc lifted its holdings in shares of Control4 by 1.7% during the fourth quarter. Legal & General Group Plc now owns 56,640 shares of the electronics maker’s stock worth $991,000 after buying an additional 920 shares during the last quarter. Texas Permanent School Fund lifted its holdings in shares of Control4 by 6.4% during the fourth quarter. Texas Permanent School Fund now owns 17,477 shares of the electronics maker’s stock worth $308,000 after buying an additional 1,057 shares during the last quarter. Rhumbline Advisers increased its position in shares of Control4 by 1.8% during the first quarter. Rhumbline Advisers now owns 76,398 shares of the electronics maker’s stock valued at $1,293,000 after purchasing an additional 1,376 shares during the period. Finally, Flinton Capital Management LLC bought a new stake in shares of Control4 during the fourth quarter valued at approximately $31,000. Institutional investors own 79.32% of the company’s stock.

About Control4

Control4 Corporation provides smart home and business solutions in the United States, Australia, Canada, China, Germany, the United Kingdom, 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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