Analysts Expect Control4 Corp (CTRL) Will Post Earnings of $0.42 Per Share

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Wall Street analysts forecast that Control4 Corp (NASDAQ:CTRL) will report earnings per share (EPS) of $0.42 for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for Control4’s earnings, with the lowest EPS estimate coming in at $0.41 and the highest estimate coming in at $0.43. Control4 reported earnings per share of $0.40 in the same quarter last year, which suggests a positive year over year growth rate of 5%. The business is expected to issue its next earnings results on Thursday, February 14th.

On average, analysts expect that Control4 will report full year earnings of $1.43 per share for the current fiscal year, with EPS estimates ranging from $1.40 to $1.44. For the next financial year, analysts anticipate that the business will post earnings of $1.52 per share, with EPS estimates ranging from $1.43 to $1.69. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that follow Control4.

Control4 (NASDAQ:CTRL) last released its quarterly earnings data on Thursday, November 1st. The electronics maker reported $0.38 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.02. The firm had revenue of $71.59 million during the quarter, compared to analyst estimates of $71.52 million. Control4 had a return on equity of 14.94% and a net margin of 7.22%. The business’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.35 earnings per share.

A number of equities analysts have recently weighed in on the company. Imperial Capital reaffirmed an “in-line” rating and issued a $32.00 price objective on shares of Control4 in a research note on Wednesday. ValuEngine lowered Control4 from a “hold” rating to a “sell” rating in a research note on Friday, November 2nd. BidaskClub lowered Control4 from a “hold” rating to a “sell” rating in a research note on Saturday, October 27th. Zacks Investment Research raised Control4 from a “hold” rating to a “buy” rating and set a $39.00 price objective for the company in a research note on Wednesday, September 26th. Finally, Cowen set a $40.00 target price on Control4 and gave the stock a “buy” rating in a research report on Monday, September 10th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $35.00.

In related news, General Counsel Joshua D. Ellis sold 716 shares of the business’s stock in a transaction dated Monday, September 17th. The stock was sold at an average price of $37.18, for a total value of $26,620.88. Following the sale, the general counsel now directly owns 1,470 shares in the company, valued at $54,654.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Susan Cashen sold 7,522 shares of the business’s stock in a transaction dated Tuesday, November 6th. The stock was sold at an average price of $23.07, for a total value of $173,532.54. Following the completion of the sale, the senior vice president now owns 5,022 shares in the company, valued at $115,857.54. The disclosure for this sale can be found here. Insiders sold 438,956 shares of company stock worth $14,419,125 over the last quarter. 6.10% of the stock is owned by company insiders.

Several large investors have recently bought and sold shares of the stock. Northern Trust Corp lifted its position in shares of Control4 by 0.7% in the second quarter. Northern Trust Corp now owns 284,027 shares of the electronics maker’s stock worth $6,904,000 after buying an additional 1,901 shares in the last quarter. State of Alaska Department of Revenue lifted its position in shares of Control4 by 29.8% in the third quarter. State of Alaska Department of Revenue now owns 8,449 shares of the electronics maker’s stock worth $290,000 after buying an additional 1,939 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in shares of Control4 by 23.7% in the second quarter. PNC Financial Services Group Inc. now owns 11,041 shares of the electronics maker’s stock worth $268,000 after buying an additional 2,118 shares in the last quarter. Skylands Capital LLC lifted its position in shares of Control4 by 1.6% in the second quarter. Skylands Capital LLC now owns 142,100 shares of the electronics maker’s stock worth $3,454,000 after buying an additional 2,200 shares in the last quarter. Finally, Louisiana State Employees Retirement System raised its position in Control4 by 26.4% during the third quarter. Louisiana State Employees Retirement System now owns 11,500 shares of the electronics maker’s stock valued at $395,000 after purchasing an additional 2,400 shares during the period. Institutional investors own 79.19% of the company’s stock.

Shares of NASDAQ CTRL traded down $0.81 during mid-day trading on Friday, reaching $23.77. The company’s stock had a trading volume of 627,493 shares, compared to its average volume of 560,513. The firm has a market cap of $642.33 million, a price-to-earnings ratio of 25.58, a price-to-earnings-growth ratio of 2.22 and a beta of 0.34. Control4 has a 52 week low of $20.50 and a 52 week 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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