Analysts expect that Control4 Corp (NASDAQ:CTRL) will report sales of $71.52 million for the current fiscal quarter, Zacks reports. Four analysts have made estimates for Control4’s earnings. The highest sales estimate is $71.86 million and the lowest is $71.00 million. Control4 reported sales of $64.74 million during the same quarter last year, which indicates a positive year-over-year growth rate of 10.5%. The firm is scheduled to announce its next earnings report on Thursday, November 1st.
On average, analysts expect that Control4 will report full year sales of $274.72 million for the current fiscal year, with estimates ranging from $273.50 million to $275.44 million. For the next fiscal year, analysts anticipate that the business will post sales of $303.26 million per share, with estimates ranging from $300.00 million to $305.59 million. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover Control4.
Control4 (NASDAQ:CTRL) last announced its quarterly earnings data on Thursday, August 2nd. The electronics maker reported $0.42 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.21. The company had revenue of $69.20 million for the quarter, compared to analyst estimates of $68.02 million. Control4 had a return on equity of 15.03% and a net margin of 7.21%. The firm’s revenue for the quarter was up 12.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.32 EPS.
Several equities research analysts have recently commented on CTRL shares. Zacks Investment Research lowered Control4 from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 16th. Maxim Group reissued a “buy” rating and set a $36.00 price target on shares of Control4 in a research note on Friday, May 4th. Roth Capital started coverage on Control4 in a research note on Wednesday, June 13th. They set a “buy” rating and a $31.00 price target on the stock. BidaskClub raised Control4 from a “strong sell” rating to a “sell” rating in a research note on Tuesday, July 10th. Finally, ValuEngine raised Control4 from a “sell” rating to a “hold” rating in a research note on Wednesday, May 2nd. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Control4 currently has a consensus rating of “Buy” and a consensus price target of $31.00.
Shares of NASDAQ:CTRL traded up $0.88 during trading on Friday, hitting $32.31. 433,539 shares of the stock were exchanged, compared to its average volume of 386,523. The firm has a market capitalization of $820.19 million, a price-to-earnings ratio of 43.08, a price-to-earnings-growth ratio of 3.27 and a beta of -0.22. Control4 has a 12-month low of $20.50 and a 12-month high of $35.99.
In related news, SVP Bryce Judd sold 1,042 shares of Control4 stock in a transaction that occurred on Friday, June 1st. The stock was sold at an average price of $24.88, for a total transaction of $25,924.96. Following the completion of the transaction, the senior vice president now directly owns 1,042 shares in the company, valued at approximately $25,924.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Martin Plaehn sold 110,000 shares of Control4 stock in a transaction that occurred on Thursday, August 9th. The stock was sold at an average price of $31.67, for a total value of $3,483,700.00. The disclosure for this sale can be found here. Insiders have sold a total of 157,721 shares of company stock valued at $4,674,157 over the last 90 days. Insiders own 6.10% of the company’s stock.
Institutional investors have recently modified their holdings of the stock. Piedmont Investment Advisors LLC acquired a new position in shares of Control4 during the 2nd quarter worth approximately $117,000. First Mercantile Trust Co. raised its holdings in Control4 by 79.4% in the 1st quarter. First Mercantile Trust Co. now owns 6,424 shares of the electronics maker’s stock valued at $138,000 after acquiring an additional 2,843 shares during the last quarter. Victory Capital Management Inc. raised its holdings in Control4 by 52.9% in the 1st quarter. Victory Capital Management Inc. now owns 7,403 shares of the electronics maker’s stock valued at $159,000 after acquiring an additional 2,561 shares during the last quarter. SG Americas Securities LLC acquired a new position in Control4 in the 2nd quarter valued at $169,000. Finally, Granite Springs Asset Management LLC acquired a new position in Control4 in the 1st quarter valued at $209,000. Hedge funds and other institutional investors own 80.19% of the company’s stock.
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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