Brokerages Expect Control4 Corp (NASDAQ:CTRL) Will Post Earnings of $0.30 Per Share

Equities research analysts expect Control4 Corp (NASDAQ:CTRL) to report earnings per share (EPS) of $0.30 for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Control4’s earnings, with estimates ranging from $0.24 to $0.35. Control4 reported earnings per share of $0.42 during the same quarter last year, which indicates a negative year over year growth rate of 28.6%. The company is expected to issue its next earnings report on Thursday, August 1st.

On average, analysts expect that Control4 will report full year earnings of $1.23 per share for the current fiscal year, with EPS estimates ranging from $1.18 to $1.27. For the next financial year, analysts forecast that the firm will report earnings of $1.58 per share, with EPS estimates ranging from $1.43 to $1.71. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that that provide coverage for Control4.

Control4 (NASDAQ:CTRL) last posted its earnings results on Thursday, May 9th. The electronics maker reported $0.13 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.04) by $0.17. The business had revenue of $60.43 million during the quarter, compared to analyst estimates of $61.64 million. Control4 had a return on equity of 12.56% and a net margin of 14.94%. The company’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.21 EPS.

A number of analysts have recently issued reports on the company. BidaskClub upgraded Control4 from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 11th. Zacks Investment Research downgraded Control4 from a “hold” rating to a “sell” rating in a research report on Wednesday, April 3rd. Roth Capital downgraded Control4 from a “buy” rating to a “neutral” rating and set a $24.00 price target for the company. in a research report on Tuesday, May 14th. Cowen downgraded Control4 from an “outperform” rating to a “market perform” rating in a research report on Thursday, May 9th. Finally, ValuEngine upgraded Control4 from a “sell” rating to a “hold” rating in a research report on Thursday, May 9th. Two research analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $26.57.

Shares of CTRL opened at $23.71 on Friday. The stock has a market cap of $632.13 million, a PE ratio of 24.70, a price-to-earnings-growth ratio of 2.24 and a beta of 0.46. The company has a quick ratio of 2.74, a current ratio of 3.89 and a debt-to-equity ratio of 0.04. Control4 has a 12-month low of $15.59 and a 12-month high of $37.62.

In other news, Director Robert Born sold 3,570 shares of Control4 stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $23.64, for a total transaction of $84,394.80. Following the completion of the sale, the director now owns 17,867 shares in the company, valued at approximately $422,375.88. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Phil Molyneux sold 23,374 shares of the business’s stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $23.74, for a total value of $554,898.76. Following the completion of the sale, the director now owns 42,347 shares of the company’s stock, valued at approximately $1,005,317.78. The disclosure for this sale can be found here. In the last quarter, insiders have sold 27,944 shares of company stock valued at $662,924. Corporate insiders own 2.90% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in CTRL. Arizona State Retirement System lifted its position in shares of Control4 by 8.6% in the 4th quarter. Arizona State Retirement System now owns 41,130 shares of the electronics maker’s stock valued at $724,000 after acquiring an additional 3,274 shares in the last quarter. Rhumbline Advisers increased its stake in Control4 by 22.9% in the 4th quarter. Rhumbline Advisers now owns 75,022 shares of the electronics maker’s stock valued at $1,320,000 after buying an additional 13,964 shares during the period. Oregon Public Employees Retirement Fund acquired a new position in Control4 in the 4th quarter valued at approximately $179,000. First Trust Advisors LP increased its stake in Control4 by 8.7% in the 4th quarter. First Trust Advisors LP now owns 65,211 shares of the electronics maker’s stock valued at $1,148,000 after buying an additional 5,218 shares during the period. Finally, Catalyst Capital Advisors LLC acquired a new position in Control4 in the 4th quarter valued at approximately $597,000. Institutional investors own 79.32% of the company’s stock.

Control4 Company Profile

Control4 Corporation provides smart home and business solutions in the United States, Australia, Canada, China, Germany, the United Kingdom, 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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