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

Equities analysts predict that Control4 Corp (NASDAQ:CTRL) will post $0.36 earnings per share for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for Control4’s earnings, with the highest EPS estimate coming in at $0.38 and the lowest estimate coming in at $0.35. Control4 posted earnings per share of $0.35 in the same quarter last year, which suggests a positive year over year growth rate of 2.9%. The company is scheduled to issue its next quarterly earnings report on Thursday, November 1st.

On average, analysts expect that Control4 will report full-year earnings of $1.42 per share for the current fiscal year, with EPS estimates ranging from $1.40 to $1.44. For the next year, analysts expect that the company will post earnings of $1.55 per share, with EPS estimates ranging from $1.45 to $1.77. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that cover Control4.

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

Several brokerages have weighed in on CTRL. BidaskClub cut shares of Control4 from a “sell” rating to a “strong sell” rating in a research note on Tuesday, June 26th. ValuEngine cut shares of Control4 from a “buy” rating to a “hold” rating in a research note on Tuesday, October 2nd. Maxim Group reaffirmed a “buy” rating and set a $36.00 price objective on shares of Control4 in a research note on Friday, August 3rd. Imperial Capital set a $32.00 price objective on shares of Control4 and gave the stock an “outperform” rating in a research note on Friday, August 3rd. Finally, Roth Capital set a $32.00 price objective on shares of Control4 and gave the stock a “buy” rating in a research note on Friday, August 3rd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the company’s stock. Control4 currently has an average rating of “Buy” and a consensus price target of $35.00.

In other news, SVP Susan Cashen sold 7,522 shares of the stock in a transaction that occurred on Monday, July 16th. The shares were sold at an average price of $25.10, for a total transaction of $188,802.20. Following the sale, the senior vice president now directly owns 5,022 shares of the company’s stock, valued at $126,052.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Martin Plaehn sold 110,000 shares of the stock in a transaction that occurred on Thursday, August 9th. The shares were sold at an average price of $31.67, for a total transaction of $3,483,700.00. The disclosure for this sale can be found here. Insiders have sold 548,997 shares of company stock worth $17,925,803 over the last three months. 4.40% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Victory Capital Management Inc. lifted its holdings in Control4 by 677.4% in the second quarter. Victory Capital Management Inc. now owns 57,552 shares of the electronics maker’s stock valued at $1,399,000 after buying an additional 50,149 shares during the period. Fuller & Thaler Asset Management Inc. lifted its holdings in Control4 by 4.1% in the second quarter. Fuller & Thaler Asset Management Inc. now owns 82,549 shares of the electronics maker’s stock valued at $2,007,000 after buying an additional 3,249 shares during the period. Bank of New York Mellon Corp lifted its holdings in Control4 by 0.4% in the second quarter. Bank of New York Mellon Corp now owns 1,368,747 shares of the electronics maker’s stock valued at $33,275,000 after buying an additional 5,806 shares during the period. BlackRock Inc. lifted its holdings in Control4 by 5.0% in the first quarter. BlackRock Inc. now owns 2,986,675 shares of the electronics maker’s stock valued at $64,155,000 after buying an additional 142,055 shares during the period. Finally, Principal Financial Group Inc. lifted its holdings in Control4 by 5.6% in the first quarter. Principal Financial Group Inc. now owns 182,953 shares of the electronics maker’s stock valued at $3,930,000 after buying an additional 9,621 shares during the period. Institutional investors and hedge funds own 79.40% of the company’s stock.

Shares of Control4 stock opened at $26.81 on Wednesday. The stock has a market cap of $895.86 million, a price-to-earnings ratio of 35.75, a PEG ratio of 3.21 and a beta of -0.03. Control4 has a 1-year low of $20.50 and a 1-year high of $37.62.

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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