Control4 Corp (CTRL) Expected to Post Earnings of -$0.08 Per Share
Equities analysts expect that Control4 Corp (NASDAQ:CTRL) will report earnings per share of ($0.08) for the current quarter, Zacks reports. Three analysts have made estimates for Control4 Corp’s earnings. The highest EPS estimate is ($0.07) and the lowest is ($0.09). Control4 Corp posted earnings of ($0.03) per share during the same quarter last year, which indicates a negative year-over-year growth rate of 166.7%. The firm is expected to report its next quarterly earnings results on Thursday, May 4th.
According to Zacks, analysts expect that Control4 Corp will report full year earnings of $0.46 per share for the current financial year, with EPS estimates ranging from $0.44 to $0.47. For the next year, analysts anticipate that the firm will report earnings of $0.60 per share. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that cover Control4 Corp.
Control4 Corp (NASDAQ:CTRL) last announced its earnings results on Thursday, February 9th. The electronics maker reported $0.31 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.07. Control4 Corp had a return on equity of 7.50% and a net margin of 6.20%. The company earned $57.40 million during the quarter, compared to analyst estimates of $54.55 million. During the same period last year, the company posted $0.07 earnings per share. The firm’s quarterly revenue was up 33.7% compared to the same quarter last year.
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Several equities research analysts have recently weighed in on CTRL shares. Singular Research started coverage on Control4 Corp in a research note on Monday. They issued a “buy” rating and a $21.00 price target for the company. Zacks Investment Research raised Control4 Corp from a “hold” rating to a “buy” rating and set a $13.00 target price for the company in a research note on Thursday, February 9th. Imperial Capital raised their target price on Control4 Corp from $12.00 to $16.00 and gave the stock a “line” rating in a research note on Tuesday, February 14th. Raymond James Financial, Inc. raised Control4 Corp from a “market perform” rating to an “outperform” rating and set a $17.00 target price for the company in a research note on Friday, February 10th. Finally, S&P Equity Research raised Control4 Corp from a “market perform” rating to an “outperform” rating and set a $17.00 target price for the company in a research note on Friday, February 10th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $16.80.
Shares of Control4 Corp (NASDAQ:CTRL) opened at 16.08 on Thursday. The stock has a 50 day moving average price of $15.23 and a 200-day moving average price of $12.65. Control4 Corp has a 52 week low of $7.01 and a 52 week high of $16.34. The firm has a market capitalization of $384.83 million, a price-to-earnings ratio of 30.34 and a beta of -0.97.
In other Control4 Corp news, SVP Jefferson Dungan sold 66,371 shares of the firm’s stock in a transaction that occurred on Thursday, February 16th. The stock was sold at an average price of $15.19, for a total value of $1,008,175.49. Following the completion of the sale, the senior vice president now owns 30,724 shares of the company’s stock, valued at $466,697.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Greg Bishop sold 4,167 shares of the firm’s stock in a transaction that occurred on Tuesday, February 14th. The shares were sold at an average price of $14.34, for a total value of $59,754.78. Following the completion of the sale, the insider now directly owns 14,295 shares of the company’s stock, valued at approximately $204,990.30. The disclosure for this sale can be found here. Insiders sold 131,074 shares of company stock valued at $1,977,678 in the last three months. Insiders own 6.10% of the company’s stock.
Large investors have recently made changes to their positions in the stock. Metropolitan Life Insurance Co. NY raised its position in Control4 Corp by 18.4% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 15,450 shares of the electronics maker’s stock worth $158,000 after buying an additional 2,406 shares in the last quarter. Wells Fargo & Company MN raised its position in Control4 Corp by 173.0% in the third quarter. Wells Fargo & Company MN now owns 15,121 shares of the electronics maker’s stock worth $186,000 after buying an additional 9,582 shares in the last quarter. Bank of Montreal Can raised its position in Control4 Corp by 2,566.4% in the first quarter. Bank of Montreal Can now owns 13,332 shares of the electronics maker’s stock worth $210,000 after buying an additional 12,832 shares in the last quarter. Highbridge Capital Management LLC bought a new position in Control4 Corp during the fourth quarter worth $219,000. Finally, CENTRAL TRUST Co bought a new position in Control4 Corp during the third quarter worth $246,000. 65.00% of the stock is owned by hedge funds and other institutional investors.
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About Control4 Corp
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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