Control4 Corporation (NASDAQ:CTRL) issued an update on its fourth quarter earnings guidance on Thursday morning. The company provided earnings per share guidance of $0.33-0.37 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.34. The company issued revenue guidance of $66.3-68.3 million, compared to the consensus revenue estimate of $66.99 million.
Shares of Control4 Corporation (NASDAQ CTRL) opened at $31.84 on Monday. The firm has a market capitalization of $791.40, a price-to-earnings ratio of 48.99, a price-to-earnings-growth ratio of 3.11 and a beta of -0.57. Control4 Corporation has a 1 year low of $10.08 and a 1 year high of $34.10.
Control4 Corporation (NASDAQ:CTRL) last released its quarterly earnings results on Thursday, November 2nd. The electronics maker reported $0.35 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.20. Control4 Corporation had a return on equity of 11.63% and a net margin of 5.96%. The firm had revenue of $64.70 million during the quarter, compared to analyst estimates of $63.59 million. During the same period in the previous year, the company posted $0.26 EPS. The business’s revenue for the quarter was up 17.2% compared to the same quarter last year. equities analysts predict that Control4 Corporation will post 0.68 EPS for the current year.
CTRL has been the topic of several research analyst reports. Zacks Investment Research upgraded Control4 Corporation 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. Maxim Group reiterated a hold rating and set a $33.00 price target on shares of Control4 Corporation in a research note on Friday, November 3rd. Needham & Company LLC restated a buy rating and issued a $30.00 target price on shares of Control4 Corporation in a research note on Friday, November 3rd. BidaskClub downgraded Control4 Corporation from a strong-buy rating to a buy rating in a research note on Tuesday, August 22nd. Finally, Cowen and Company set a $22.00 target price on Control4 Corporation and gave the stock a hold rating in a research note on Friday, August 4th. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company presently has a consensus rating of Buy and a consensus target price of $25.50.
In related news, CEO Martin Plaehn sold 117,137 shares of the stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $33.02, for a total value of $3,867,863.74. Following the completion of the transaction, the chief executive officer now directly owns 169,257 shares in the company, valued at $5,588,866.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Greg Bishop sold 2,254 shares of the stock in a transaction that occurred on Thursday, August 17th. The stock was sold at an average price of $22.83, for a total value of $51,458.82. Following the completion of the transaction, the insider now owns 14,295 shares of the company’s stock, valued at $326,354.85. The disclosure for this sale can be found here. Insiders have sold 345,327 shares of company stock valued at $11,168,839 in the last three months. Insiders own 6.10% of the company’s stock.
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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