Control4 (CTRL) Releases Quarterly Earnings Results, Beats Expectations By $0.05 EPS

Control4 (NASDAQ:CTRL) released its quarterly earnings results on Thursday. The electronics maker reported $0.40 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.05, Bloomberg Earnings reports. Control4 had a net margin of 5.96% and a return on equity of 11.63%. The business had revenue of $68.34 million for the quarter, compared to analysts’ expectations of $67.21 million. During the same period in the prior year, the firm earned $0.31 earnings per share. Control4’s revenue was up 19.1% compared to the same quarter last year. Control4 updated its Q1 guidance to $0.12-0.16 EPS and its FY18 guidance to $1.19-1.26 EPS.

Control4 (NASDAQ:CTRL) opened at $25.20 on Friday. Control4 has a twelve month low of $11.18 and a twelve month high of $35.99. The firm has a market cap of $626.36, a P/E ratio of 47.55, a P/E/G ratio of 2.25 and a beta of -0.60.

Several research firms have recently commented on CTRL. Maxim Group raised shares of Control4 from a “hold” rating to a “buy” rating and increased their price target for the company from $33.00 to $36.00 in a research note on Friday. BidaskClub cut shares of Control4 from a “sell” rating to a “strong sell” rating in a research note on Monday. Imperial Capital increased their price target on shares of Control4 from $28.00 to $30.00 and gave the company an “in-line” rating in a research note on Tuesday, January 23rd. Cowen set a $30.00 price target on shares of Control4 and gave the company a “buy” rating in a research note on Wednesday, November 1st. Finally, Zacks Investment Research raised shares of Control4 from a “hold” rating to a “buy” rating and set a $37.00 price target on the stock in a research note on Wednesday, November 8th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $27.25.

In related news, CEO Martin Plaehn sold 5,304 shares of the stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $33.27, for a total value of $176,464.08. Following the transaction, the chief executive officer now directly owns 52,120 shares in the company, valued at $1,734,032.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Jeremy A. Jaech sold 12,801 shares of the stock in a transaction that occurred on Monday, November 27th. The shares were sold at an average price of $34.48, for a total transaction of $441,378.48. Following the completion of the transaction, the director now owns 31,002 shares in the company, valued at $1,068,948.96. The disclosure for this sale can be found here. Insiders sold 50,397 shares of company stock worth $1,612,471 over the last 90 days. 6.10% of the stock is currently owned by company insiders.

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About Control4

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.

Earnings History for Control4 (NASDAQ:CTRL)

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