Brokerages predict that Control4 Corp (NASDAQ:CTRL) will post sales of $71.52 million for the current quarter, according to Zacks. Four analysts have made estimates for Control4’s earnings, with estimates ranging from $71.00 million to $71.86 million. Control4 posted sales of $64.74 million during the same quarter last year, which would indicate a positive year over year growth rate of 10.5%. The company is expected to report its next earnings report on Thursday, November 1st.
On average, analysts expect that Control4 will report full year sales of $274.73 million for the current financial year, with estimates ranging from $273.50 million to $275.44 million. For the next financial year, analysts expect that the business will report sales of $303.62 million, with estimates ranging from $300.00 million to $306.94 million. Zacks’ sales averages are an average based on a survey of sell-side analysts that cover Control4.
Control4 (NASDAQ:CTRL) last posted its quarterly earnings data on Thursday, August 2nd. The electronics maker reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.21. Control4 had a return on equity of 15.03% and a net margin of 7.21%. The company had revenue of $69.20 million for the quarter, compared to the consensus estimate of $68.02 million. During the same period in the previous year, the business earned $0.32 EPS. Control4’s revenue for the quarter was up 12.7% compared to the same quarter last year.
A number of equities research analysts have recently weighed in on the company. BidaskClub downgraded Control4 from a “hold” rating to a “sell” rating in a report on Tuesday, October 9th. Zacks Investment Research downgraded Control4 from a “buy” rating to a “hold” rating in a report on Tuesday, July 24th. ValuEngine upgraded Control4 from a “hold” rating to a “buy” rating in a report on Friday, August 3rd. Roth Capital set a $32.00 price target on Control4 and gave the company a “buy” rating in a report on Friday, August 3rd. Finally, Cowen set a $40.00 price target on Control4 and gave the company a “buy” rating in a report on Monday, September 10th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $35.00.
CTRL stock traded up $0.63 during midday trading on Friday, hitting $27.44. 13,146 shares of the company’s stock were exchanged, compared to its average volume of 445,564. Control4 has a 12-month low of $20.50 and a 12-month high of $37.62. The company has a market capitalization of $895.86 million, a PE ratio of 36.73, a P/E/G ratio of 3.21 and a beta of -0.03.
In related news, SVP Bryce Judd sold 1,041 shares of the business’s stock in a transaction that occurred on Wednesday, August 8th. The stock was sold at an average price of $31.42, for a total transaction of $32,708.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Susan Cashen sold 7,071 shares of the business’s stock in a transaction that occurred on Monday, September 17th. The shares were sold at an average price of $36.84, for a total value of $260,495.64. Following the transaction, the senior vice president now owns 2,049 shares of the company’s stock, valued at approximately $75,485.16. The disclosure for this sale can be found here. Insiders have sold a total of 541,475 shares of company stock valued at $17,737,001 in the last 90 days. Insiders own 4.40% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in CTRL. Schwab Charles Investment Management Inc. lifted its holdings in shares of Control4 by 2.8% in the first quarter. Schwab Charles Investment Management Inc. now owns 114,957 shares of the electronics maker’s stock valued at $2,470,000 after buying an additional 3,144 shares during the period. BlackRock Inc. lifted its holdings in shares of Control4 by 5.0% in the first quarter. BlackRock Inc. now owns 2,986,675 shares of the electronics maker’s stock valued at $64,155,000 after buying an additional 142,055 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Control4 by 663.9% in the first quarter. JPMorgan Chase & Co. now owns 41,771 shares of the electronics maker’s stock valued at $897,000 after buying an additional 36,303 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Control4 by 15.2% in the first quarter. Dimensional Fund Advisors LP now owns 1,081,596 shares of the electronics maker’s stock valued at $23,233,000 after buying an additional 142,699 shares during the period. Finally, Koch Industries Inc. acquired a new stake in shares of Control4 in the first quarter valued at $331,000. Institutional investors and hedge funds own 79.40% of the company’s stock.
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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