Control4 Corp (CTRL) Expected to Post Earnings of $0.11 Per Share

Equities research analysts expect that Control4 Corp (NASDAQ:CTRL) will announce earnings of $0.11 per share for the current quarter, Zacks reports. Three analysts have issued estimates for Control4’s earnings. The lowest EPS estimate is $0.08 and the highest is $0.21. Control4 posted earnings per share of $0.21 in the same quarter last year, which would suggest a negative year-over-year growth rate of 47.6%. The business is expected to issue its next earnings results on Thursday, May 2nd.

According to Zacks, analysts expect that Control4 will report full-year earnings of $1.23 per share for the current financial year, with EPS estimates ranging from $1.18 to $1.43. For the next year, analysts anticipate that the company will report earnings of $1.53 per share, with EPS estimates ranging from $1.42 to $1.70. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that that provide coverage for Control4.

Control4 (NASDAQ:CTRL) last released its earnings results on Monday, February 4th. The electronics maker reported $0.31 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.02. Control4 had a return on equity of 14.53% and a net margin of 16.09%. The firm had revenue of $72.50 million for the quarter, compared to analysts’ expectations of $73.07 million. During the same quarter in the previous year, the business posted $0.40 earnings per share. The business’s revenue for the quarter was up 6.5% on a year-over-year basis.

CTRL has been the topic of several research reports. BidaskClub upgraded Control4 from a “sell” rating to a “hold” rating in a report on Thursday, October 18th. ValuEngine cut Control4 from a “hold” rating to a “sell” rating in a report on Friday, November 2nd. Imperial Capital set a $24.00 price target on Control4 and gave the stock a “hold” rating in a report on Tuesday, November 6th. Zacks Investment Research cut Control4 from a “buy” rating to a “hold” rating in a report on Tuesday, November 13th. Finally, Cowen set a $30.00 price target on Control4 and gave the stock a “buy” rating in a report on Sunday, November 18th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company’s stock. Control4 currently has an average rating of “Hold” and a consensus price target of $28.13.

In related news, SVP Susan Cashen sold 5,022 shares of the company’s stock in a transaction that occurred on Friday, November 16th. The stock was sold at an average price of $22.48, for a total value of $112,894.56. Following the sale, the senior vice president now directly owns 1,417 shares in the company, valued at $31,854.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Mark Novakovich sold 2,734 shares of the company’s stock in a transaction that occurred on Tuesday, November 20th. The shares were sold at an average price of $20.77, for a total value of $56,785.18. Following the completion of the sale, the chief financial officer now owns 19,335 shares in the company, valued at $401,587.95. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 34,232 shares of company stock worth $689,530. Company insiders own 4.40% of the company’s stock.

A number of hedge funds have recently made changes to their positions in CTRL. Harvest Fund Management Co. Ltd bought a new stake in Control4 in the third quarter valued at approximately $129,000. Stratos Wealth Partners LTD. bought a new stake in Control4 in the third quarter valued at approximately $139,000. Oregon Public Employees Retirement Fund bought a new stake in Control4 in the fourth quarter valued at approximately $179,000. PNC Financial Services Group Inc. boosted its holdings in Control4 by 6.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 10,890 shares of the electronics maker’s stock valued at $192,000 after acquiring an additional 633 shares during the last quarter. Finally, Canandaigua National Bank & Trust Co. bought a new stake in Control4 in the third quarter valued at approximately $203,000. Institutional investors and hedge funds own 83.41% of the company’s stock.

Shares of NASDAQ:CTRL traded down $0.43 during midday trading on Monday, hitting $17.66. 823,600 shares of the stock were exchanged, compared to its average volume of 575,664. The stock has a market cap of $485.05 million, a P/E ratio of 18.40, a price-to-earnings-growth ratio of 2.42 and a beta of 0.88. Control4 has a 12 month low of $15.59 and a 12 month high of $37.62.

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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