Control4 Corp (NASDAQ:CTRL) – Dougherty & Co issued their FY2019 earnings per share estimates for shares of Control4 in a research report issued to clients and investors on Monday. Dougherty & Co analyst S. Frankel forecasts that the electronics maker will post earnings of $1.01 per share for the year. Dougherty & Co currently has a “Neutral” rating on the stock.
Other research analysts have also issued research reports about the company. BidaskClub lowered Control4 from a “hold” rating to a “sell” rating in a research report on Friday, January 26th. Cowen reiterated a “buy” rating on shares of Control4 in a research report on Tuesday, January 9th. Maxim Group upgraded Control4 from a “hold” rating to a “buy” rating and lifted their target price for the stock from $33.00 to $36.00 in a research report on Friday. Zacks Investment Research lowered Control4 from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $30.00 target price on shares of Control4 in a research report on Friday, November 3rd. Two analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company’s stock. Control4 presently has an average rating of “Hold” and a consensus price target of $30.67.
Control4 (NASDAQ:CTRL) last issued its earnings results on Thursday, February 8th. The electronics maker reported $0.40 EPS for the quarter, topping the consensus estimate of $0.35 by $0.05. The company had revenue of $68.34 million during the quarter, compared to analyst estimates of $67.21 million. Control4 had a return on equity of 12.74% and a net margin of 6.53%. The business’s revenue was up 19.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.31 EPS.
A number of large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its position in Control4 by 2.9% during the 4th quarter. BlackRock Inc. now owns 2,844,620 shares of the electronics maker’s stock valued at $84,656,000 after purchasing an additional 79,907 shares during the period. Bank of New York Mellon Corp raised its stake in Control4 by 37.5% during the 4th quarter. Bank of New York Mellon Corp now owns 1,355,094 shares of the electronics maker’s stock valued at $40,328,000 after acquiring an additional 369,236 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Control4 by 14.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 915,412 shares of the electronics maker’s stock valued at $26,968,000 after acquiring an additional 112,555 shares in the last quarter. Vanguard Group Inc. raised its stake in Control4 by 6.2% during the 2nd quarter. Vanguard Group Inc. now owns 849,627 shares of the electronics maker’s stock valued at $16,661,000 after acquiring an additional 49,595 shares in the last quarter. Finally, Lord Abbett & CO. LLC raised its stake in Control4 by 11.3% during the 2nd quarter. Lord Abbett & CO. LLC now owns 800,964 shares of the electronics maker’s stock valued at $15,707,000 after acquiring an additional 81,180 shares in the last quarter. Institutional investors and hedge funds own 75.53% of the company’s stock.
In related news, SVP Eric Anderson sold 14,384 shares of the business’s stock in a transaction that occurred on Thursday, December 28th. The stock was sold at an average price of $30.54, for a total transaction of $439,287.36. Following the completion of the transaction, the senior vice president now owns 17,388 shares in the company, valued at approximately $531,029.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jeremy A. Jaech sold 12,801 shares of the business’s stock in a transaction that occurred on Monday, November 27th. The shares were sold at an average price of $34.48, for a total value of $441,378.48. Following the transaction, the director now owns 31,002 shares of the company’s stock, valued at approximately $1,068,948.96. The disclosure for this sale can be found here. Insiders have sold a total of 50,397 shares of company stock valued at $1,612,471 in the last 90 days. Insiders own 6.10% of the company’s stock.
Control4 announced that its Board of Directors has authorized a stock repurchase plan on Thursday, February 8th that allows the company to buyback $20.00 million in outstanding shares. This buyback authorization allows the electronics maker to buy shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company’s board of directors believes its shares are undervalued.
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Control4 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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