Control4 Corp (NASDAQ:CTRL) announced its quarterly earnings results on Thursday. The electronics maker reported $0.35 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.20, Bloomberg Earnings reports. Control4 Corp had a return on equity of 12.00% and a net margin of 5.96%. The business had revenue of $64.70 million during the quarter, compared to the consensus estimate of $63.59 million. During the same quarter in the prior year, the company posted $0.26 earnings per share. Control4 Corp’s revenue was up 17.2% compared to the same quarter last year. Control4 Corp updated its Q4 guidance to $0.33-0.37 EPS.
Shares of Control4 Corp (NASDAQ:CTRL) traded up $3.88 during midday trading on Friday, hitting $31.53. The stock had a trading volume of 488,842 shares, compared to its average volume of 527,875. Control4 Corp has a 1 year low of $9.97 and a 1 year high of $34.10. The stock has a market cap of $783.70 million, a PE ratio of 42.54, a PEG ratio of 3.11 and a beta of -0.57.
Several research analysts have weighed in on the company. Needham & Company LLC reissued a “buy” rating and issued a $30.00 price objective on shares of Control4 Corp in a research report on Friday. Maxim Group reissued a “hold” rating and issued a $33.00 price objective on shares of Control4 Corp in a research report on Friday. UBS Group AG (USA) cut Control4 Corp from an “outperform” rating to a “market perform” rating in a research report on Friday. Cowen and Company set a $30.00 price objective on Control4 Corp and gave the stock a “buy” rating in a research report on Wednesday. Finally, Zacks Investment Research cut Control4 Corp from a “buy” rating to a “hold” rating in a research report on Monday, October 9th. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $24.00.
In other news, Director Robert Born sold 2,356 shares of the company’s stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $22.55, for a total transaction of $53,127.80. Following the transaction, the director now owns 15,433 shares of the company’s stock, valued at approximately $348,014.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Mark Novakovich sold 2,168 shares of the company’s stock in a transaction on Thursday, August 17th. The shares were sold at an average price of $22.87, for a total value of $49,582.16. Following the transaction, the chief financial officer now directly owns 18,495 shares in the company, valued at approximately $422,980.65. The disclosure for this sale can be found here. Insiders have sold a total of 8,546 shares of company stock worth $194,603 in the last ninety days. Insiders own 6.10% of the company’s stock.
About Control4 Corp
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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