Control4 Corp (CTRL) Expected to Post Quarterly Sales of $73.06 Million

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Brokerages expect Control4 Corp (NASDAQ:CTRL) to announce $73.06 million in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Control4’s earnings. The highest sales estimate is $73.12 million and the lowest is $73.00 million. Control4 posted sales of $68.34 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 6.9%. The business is expected to announce its next quarterly earnings results on Thursday, February 14th.

According to Zacks, analysts expect that Control4 will report full year sales of $273.00 million for the current fiscal year, with estimates ranging from $272.90 million to $273.09 million. For the next fiscal year, analysts forecast that the business will report sales of $300.64 million, with estimates ranging from $295.00 million to $304.14 million. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover Control4.

Control4 (NASDAQ:CTRL) last released its quarterly earnings results on Thursday, November 1st. The electronics maker reported $0.38 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.02. The business had revenue of $71.59 million during the quarter, compared to analyst estimates of $71.52 million. Control4 had a return on equity of 14.94% and a net margin of 7.22%. Control4’s revenue for the quarter was up 10.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.35 earnings per share.

A number of equities analysts have recently weighed in on the company. BidaskClub lowered Control4 from a “buy” rating to a “hold” rating in a research note on Saturday, September 1st. Imperial Capital set a $32.00 price objective on Control4 and gave the stock an “outperform” rating in a research note on Friday, August 3rd. ValuEngine lowered Control4 from a “buy” rating to a “hold” rating in a research note on Tuesday, October 2nd. Maxim Group reaffirmed a “buy” rating and issued a $36.00 price objective on shares of Control4 in a research note on Friday, August 3rd. Finally, DA Davidson upped their price objective on Control4 to $38.00 and gave the stock a “buy” rating in a research note on Thursday, September 6th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $35.00.

Shares of NASDAQ CTRL traded down $0.81 during mid-day trading on Monday, reaching $23.77. The company’s stock had a trading volume of 627,493 shares, compared to its average volume of 560,513. The firm has a market cap of $642.33 million, a price-to-earnings ratio of 25.58, a price-to-earnings-growth ratio of 2.22 and a beta of 0.34. Control4 has a 52 week low of $20.50 and a 52 week high of $37.62.

In related news, SVP Susan Cashen sold 7,335 shares of the business’s stock in a transaction dated Thursday, August 16th. The stock was sold at an average price of $31.64, for a total value of $232,079.40. Following the sale, the senior vice president now directly owns 1,416 shares in the company, valued at $44,802.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Martin Plaehn sold 211,998 shares of the business’s stock in a transaction dated Wednesday, August 22nd. The stock was sold at an average price of $34.07, for a total value of $7,222,771.86. Following the completion of the sale, the chief executive officer now owns 146,349 shares in the company, valued at $4,986,110.43. The disclosure for this sale can be found here. In the last ninety days, insiders sold 438,956 shares of company stock valued at $14,419,125. Corporate insiders own 6.10% of the company’s stock.

Several large investors have recently bought and sold shares of the stock. FMR LLC lifted its position in shares of Control4 by 180.5% in the third quarter. FMR LLC now owns 1,114,553 shares of the electronics maker’s stock worth $38,263,000 after buying an additional 717,153 shares in the last quarter. BlackRock Inc. lifted its position in shares of Control4 by 19.9% in the third quarter. BlackRock Inc. now owns 3,934,607 shares of the electronics maker’s stock worth $135,075,000 after buying an additional 653,664 shares in the last quarter. Janus Henderson Group PLC purchased a new stake in shares of Control4 in the third quarter worth about $294,000. EAM Global Investors LLC purchased a new stake in shares of Control4 in the third quarter worth about $1,469,000. Finally, EAM Investors LLC purchased a new stake in shares of Control4 in the third quarter worth about $4,047,000. Institutional investors own 79.19% of the company’s stock.

About Control4

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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