Q1 2018 Earnings Estimate for Control4 Corp (CTRL) Issued By Dougherty & Co

Control4 Corp (NASDAQ:CTRL) – Equities researchers at Dougherty & Co issued their Q1 2018 earnings per share estimates for shares of Control4 in a research note issued on Monday. Dougherty & Co analyst S. Frankel forecasts that the electronics maker will post earnings of $0.05 per share for the quarter. Dougherty & Co has a “Neutral” rating on the stock. Dougherty & Co also issued estimates for Control4’s FY2018 earnings at $0.78 EPS.

Control4 (NASDAQ:CTRL) last posted its quarterly earnings data on Thursday, February 8th. The electronics maker reported $0.40 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.35 by $0.05. The business had revenue of $68.34 million during the quarter, compared to the consensus estimate of $67.21 million. Control4 had a return on equity of 12.74% and a net margin of 6.53%. Control4’s quarterly revenue was up 19.1% on a year-over-year basis. During the same period last year, the company earned $0.31 earnings per share.

A number of other research firms also recently issued reports on CTRL. Maxim Group reiterated a “hold” rating and set a $33.00 price objective on shares of Control4 in a report on Friday, November 3rd. UBS Group downgraded Control4 from an “outperform” rating to a “market perform” rating in a research note on Friday, November 3rd. Imperial Capital raised their price target on Control4 from $28.00 to $30.00 and gave the company an “in-line” rating in a research note on Tuesday, January 23rd. Zacks Investment Research upgraded Control4 from a “hold” rating to a “buy” rating and set a $37.00 price target for the company in a research note on Wednesday, November 8th. Finally, BidaskClub upgraded Control4 from a “hold” rating to a “buy” rating in a research note on Wednesday, December 20th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $30.67.

Control4 (NASDAQ:CTRL) opened at $24.43 on Wednesday. The stock has a market capitalization of $636.52, a PE ratio of 33.30, a P/E/G ratio of 2.13 and a beta of -0.60. Control4 has a fifty-two week low of $13.95 and a fifty-two week high of $35.99.

Control4 announced that its board has initiated a share buyback plan on Thursday, February 8th that allows the company to repurchase $20.00 million in shares. This repurchase authorization allows the electronics maker to repurchase shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.

In other news, insider Greg Bishop sold 2,254 shares of the firm’s stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $32.90, for a total value of $74,156.60. Following the completion of the sale, the insider now directly owns 15,961 shares of the company’s stock, valued at $525,116.90. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Eric Anderson sold 14,384 shares of the firm’s stock in a transaction that occurred on Thursday, December 28th. The shares were sold at an average price of $30.54, for a total value of $439,287.36. Following the completion of the sale, the senior vice president now directly owns 17,388 shares of the company’s stock, valued at $531,029.52. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 50,397 shares of company stock valued at $1,612,471. Corporate insiders own 6.10% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in CTRL. Stifel Financial Corp acquired a new stake in shares of Control4 in the third quarter valued at approximately $12,680,000. Dimensional Fund Advisors LP lifted its position in shares of Control4 by 100.4% in the second quarter. Dimensional Fund Advisors LP now owns 802,857 shares of the electronics maker’s stock valued at $15,744,000 after buying an additional 402,208 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of Control4 by 37.5% in the fourth 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 buying an additional 369,236 shares during the last quarter. Allianz Asset Management GmbH lifted its position in shares of Control4 by 1,275.0% in the fourth quarter. Allianz Asset Management GmbH now owns 314,865 shares of the electronics maker’s stock valued at $9,370,000 after buying an additional 291,965 shares during the last quarter. Finally, Penserra Capital Management LLC lifted its position in shares of Control4 by 258.5% in the fourth quarter. Penserra Capital Management LLC now owns 309,644 shares of the electronics maker’s stock valued at $9,215,000 after buying an additional 223,267 shares during the last quarter. 75.53% of the stock is owned by institutional investors.

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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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