Analysts predict that Control4 (NASDAQ:CTRL) will report earnings of $0.14 per share for the current quarter, according to Zacks. Three analysts have made estimates for Control4’s earnings, with the lowest EPS estimate coming in at $0.12 and the highest estimate coming in at $0.16. Control4 reported earnings per share of $0.12 in the same quarter last year, which would suggest a positive year over year growth rate of 16.7%. The company is scheduled to issue its next earnings report after the market closes on Thursday, May 3rd.
According to Zacks, analysts expect that Control4 will report full year earnings of $1.24 per share for the current year, with EPS estimates ranging from $1.23 to $1.25. For the next fiscal year, analysts expect 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 an average based on a survey of sell-side analysts that follow Control4.
Control4 (NASDAQ:CTRL) last announced its earnings results on Thursday, February 8th. The electronics maker reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.05. The business had revenue of $68.34 million for the quarter, compared to analysts’ expectations of $67.21 million. Control4 had a return on equity of 12.74% and a net margin of 6.53%. The business’s revenue for the quarter was up 19.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.31 EPS.
CTRL has been the topic of several recent research reports. DA Davidson started coverage on Control4 in a research report on Friday, March 16th. They set a “buy” rating and a $30.00 target price on the stock. Maxim Group raised Control4 from a “hold” rating to a “buy” rating and raised their price objective for the stock from $33.00 to $36.00 in a research report on Friday, February 9th. Cowen reissued a “buy” rating on shares of Control4 in a research report on Tuesday, January 9th. Zacks Investment Research raised Control4 from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a research report on Tuesday, March 27th. Finally, BidaskClub cut Control4 from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $30.29.
NASDAQ CTRL traded down $0.14 during midday trading on Friday, hitting $21.55. 178,423 shares of the company traded hands, compared to its average volume of 505,446. The stock has a market capitalization of $569.60, a PE ratio of 28.73, a price-to-earnings-growth ratio of 2.58 and a beta of -0.31. Control4 has a 52 week low of $16.22 and a 52 week high of $35.99.
Control4 announced that its board has authorized a share buyback program on Thursday, February 8th that allows the company to repurchase $20.00 million in shares. This repurchase authorization allows the electronics maker to buy shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its shares are undervalued.
In related news, CEO Martin Plaehn sold 41,585 shares of the firm’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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Mark Novakovich sold 28,302 shares of the firm’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $24.97, for a total value of $706,700.94. Following the completion of the transaction, the chief financial officer now owns 47,235 shares of the company’s stock, valued at approximately $1,179,457.95. The disclosure for this sale can be found here. Insiders sold a total of 158,377 shares of company stock valued at $3,904,668 in the last three months. Insiders own 6.10% of the company’s stock.
Hedge funds have recently modified their holdings of the stock. Schwab Charles Investment Management Inc. raised its stake in Control4 by 39.1% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 101,652 shares of the electronics maker’s stock worth $2,995,000 after acquiring an additional 28,565 shares during the last quarter. Cornerstone Capital Management Holdings LLC. purchased a new position in Control4 in the 3rd quarter worth $1,834,000. BlackRock Inc. raised its stake in Control4 by 2.9% in the 4th quarter. BlackRock Inc. now owns 2,844,620 shares of the electronics maker’s stock worth $84,656,000 after acquiring an additional 79,907 shares during the last quarter. American International Group Inc. raised its stake in Control4 by 23.6% in the 3rd quarter. American International Group Inc. now owns 18,720 shares of the electronics maker’s stock worth $551,000 after acquiring an additional 3,577 shares during the last quarter. Finally, Swiss National Bank purchased a new position in Control4 in the 4th quarter worth $1,196,000. Institutional investors own 77.04% of the company’s stock.
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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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