Equities analysts forecast that Control4 Corporation (NASDAQ:CTRL) will post sales of $60.77 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Control4 Corporation’s earnings, with estimates ranging from $60.13 million to $61.20 million. Control4 Corporation reported sales of $53.22 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 14.2%. The company is scheduled to announce its next earnings report after the market closes on Thursday, August 3rd.
On average, analysts expect that Control4 Corporation will report full-year sales of $60.77 million for the current financial year, with estimates ranging from $241.52 million to $242.01 million. For the next fiscal year, analysts forecast that the business will report sales of $269.33 million per share, with estimates ranging from $266.22 million to $271.25 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that cover Control4 Corporation.
Control4 Corporation (NASDAQ:CTRL) last released its quarterly earnings results on Thursday, May 4th. The electronics maker reported ($0.01) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.08) by $0.07. Control4 Corporation had a return on equity of 7.58% and a net margin of 3.31%. The business had revenue of $50.20 million for the quarter, compared to analysts’ expectations of $47.29 million. During the same quarter in the previous year, the firm posted $0.04 earnings per share. The company’s revenue was up 16.7% compared to the same quarter last year.
A number of equities research analysts have issued reports on the stock. BidaskClub cut shares of Control4 Corporation from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. Imperial Capital upped their price target on shares of Control4 Corporation from $16.00 to $19.00 and gave the company an “in-line” rating in a report on Monday, May 15th. Needham & Company LLC restated a “buy” rating and set a $22.00 price target on shares of Control4 Corporation in a report on Wednesday, May 31st. Zacks Investment Research upgraded shares of Control4 Corporation from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a report on Wednesday, May 10th. Finally, Maxim Group assumed coverage on shares of Control4 Corporation in a report on Thursday, May 11th. They set a “hold” rating and a $19.00 price target for the company. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $19.29.
In related news, SVP Susan Cashen sold 1,768 shares of the stock in a transaction dated Friday, May 19th. The shares were sold at an average price of $18.15, for a total value of $32,089.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Jefferson Dungan sold 28,044 shares of the stock in a transaction dated Monday, June 5th. The shares were sold at an average price of $19.98, for a total transaction of $560,319.12. The disclosure for this sale can be found here. In the last quarter, insiders sold 230,582 shares of company stock valued at $4,154,215. 6.10% of the stock is owned by corporate insiders.
Several large investors have recently added to or reduced their stakes in CTRL. UBS Group AG boosted its stake in Control4 Corporation by 6.3% in the first quarter. UBS Group AG now owns 7,727 shares of the electronics maker’s stock valued at $122,000 after buying an additional 458 shares during the last quarter. TFS Capital LLC bought a new stake in Control4 Corporation during the first quarter valued at $176,000. Hancock Holding Co. bought a new stake in Control4 Corporation during the first quarter valued at $189,000. American International Group Inc. boosted its stake in Control4 Corporation by 7.1% in the first quarter. American International Group Inc. now owns 12,377 shares of the electronics maker’s stock valued at $195,000 after buying an additional 822 shares during the last quarter. Finally, AXA bought a new stake in Control4 Corporation during the first quarter valued at $204,000. Institutional investors and hedge funds own 75.98% of the company’s stock.
Control4 Corporation (NASDAQ CTRL) traded up 0.66% on Friday, hitting $23.00. The company had a trading volume of 237,674 shares. The firm’s 50 day moving average price is $21.23 and its 200 day moving average price is $16.96. The stock has a market cap of $559.84 million, a P/E ratio of 82.14 and a beta of -0.64. Control4 Corporation has a 12-month low of $8.50 and a 12-month high of $24.94.
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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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