Control4 Corporation (CTRL) Releases Q4 Earnings Guidance
Control4 Corporation (NASDAQ:CTRL) updated its fourth quarter earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $0.33-0.37 for the period, compared to the Thomson Reuters consensus estimate of $0.34. The company issued revenue guidance of $66.3-68.3 million, compared to the consensus revenue estimate of $66.99 million.
Several equities research analysts have commented on the stock. Needham & Company LLC restated a buy rating and set a $25.00 target price (up from $22.00) on shares of Control4 Corporation in a research report on Wednesday, August 9th. Cowen and Company set a $30.00 target price on shares of Control4 Corporation and gave the stock a buy rating in a research report on Wednesday. BidaskClub upgraded shares of Control4 Corporation from a buy rating to a strong-buy rating in a research report on Saturday, August 12th. Finally, Zacks Investment Research upgraded shares of Control4 Corporation from a hold rating to a buy rating and set a $25.00 target price on the stock in a research report on Wednesday, August 9th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock presently has an average rating of Buy and a consensus price target of $21.88.
Control4 Corporation (NASDAQ:CTRL) last announced its earnings results on Thursday, November 2nd. The electronics maker reported $0.35 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.09. Control4 Corporation had a return on equity of 10.77% and a net margin of 4.70%. The business had revenue of $64.70 million during the quarter, compared to analysts’ expectations of $63.59 million. During the same quarter last year, the business posted $0.26 earnings per share. The company’s quarterly revenue was up 17.2% on a year-over-year basis.
In related news, CFO Mark Novakovich sold 2,168 shares of the stock in a transaction on Thursday, August 17th. The stock was sold at an average price of $22.87, for a total value of $49,582.16. Following the completion of the transaction, the chief financial officer now owns 18,495 shares in the company, valued at approximately $422,980.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert Born sold 2,356 shares of the stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $22.55, for a total value of $53,127.80. Following the completion of the transaction, the director now owns 15,433 shares of the company’s stock, valued at approximately $348,014.15. The disclosure for this sale can be found here. Insiders have sold 8,546 shares of company stock valued at $194,603 in the last ninety days. Company insiders own 6.10% of the company’s stock.
Control4 Corporation Company Profile
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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