Analysts Expect Control4 (CTRL) Will Post Quarterly Sales of $57.13 Million

Equities research analysts predict that Control4 (NASDAQ:CTRL) will announce sales of $57.13 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Control4’s earnings. The lowest sales estimate is $56.77 million and the highest is $57.34 million. Control4 posted sales of $50.24 million during the same quarter last year, which suggests a positive year-over-year growth rate of 13.7%. The company is scheduled to report its next quarterly earnings report on Thursday, May 3rd.

On average, analysts expect that Control4 will report full-year sales of $57.13 million for the current fiscal year, with estimates ranging from $272.02 million to $273.04 million. For the next financial year, analysts forecast that the business will post sales of $302.99 million per share, with estimates ranging from $302.26 million to $303.74 million. Zacks’ sales calculations are a mean average based on a survey of analysts that that provide coverage for Control4.

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Control4 (NASDAQ:CTRL) last posted its earnings results on Thursday, February 8th. The electronics maker reported $0.40 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.05. The company had revenue of $68.34 million during the quarter, compared to the consensus estimate of $67.21 million. Control4 had a net margin of 6.53% and a return on equity of 12.74%. The company’s revenue for the quarter was up 19.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.31 earnings per share.

Several research firms have commented on CTRL. BidaskClub downgraded shares of Control4 from a “sell” rating to a “strong sell” rating in a research report on Wednesday, March 28th. DA Davidson assumed coverage on shares of Control4 in a research note on Friday, March 16th. They issued a “buy” rating and a $30.00 price objective for the company. Zacks Investment Research upgraded shares of Control4 from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a research note on Tuesday, March 27th. Dougherty & Co restated a “neutral” rating on shares of Control4 in a research note on Monday, February 12th. Finally, Maxim Group upgraded shares of Control4 from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $33.00 to $36.00 in a research note on Friday, February 9th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $29.13.

CTRL stock traded down $0.38 during trading hours on Thursday, hitting $20.77. The company’s stock had a trading volume of 308,264 shares, compared to its average volume of 346,704. The company has a market capitalization of $540.46, a price-to-earnings ratio of 27.69, a P/E/G ratio of 2.45 and a beta of -0.31. Control4 has a 12 month low of $15.05 and a 12 month high of $35.99.

Control4 announced that its Board of Directors has authorized a share buyback program on Thursday, February 8th that permits the company to repurchase $20.00 million in shares. This repurchase authorization permits the electronics maker to repurchase shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s management believes its shares are undervalued.

In related news, insider Greg Bishop sold 2,178 shares of the company’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $25.58, for a total transaction of $55,713.24. Following the completion of the transaction, the insider now directly owns 15,962 shares in the company, valued at approximately $408,307.96. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Martin Plaehn sold 41,585 shares of the company’s stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $24.51, for a total transaction of $1,019,248.35. The disclosure for this sale can be found here. Insiders sold 158,377 shares of company stock valued at $3,904,668 over the last 90 days. 6.10% of the stock is owned by corporate insiders.

A number of large investors have recently added to or reduced their stakes in CTRL. Advisory Services Network LLC raised its stake in Control4 by 160.7% during the 4th quarter. Advisory Services Network LLC now owns 3,910 shares of the electronics maker’s stock valued at $116,000 after purchasing an additional 2,410 shares during the last quarter. LS Investment Advisors LLC raised its stake in Control4 by 866.5% during the 4th quarter. LS Investment Advisors LLC now owns 5,992 shares of the electronics maker’s stock valued at $178,000 after purchasing an additional 5,372 shares during the last quarter. Winslow Evans & Crocker Inc. acquired a new position in Control4 during the 4th quarter valued at $209,000. Municipal Employees Retirement System of Michigan acquired a new position in Control4 during the 3rd quarter valued at $215,000. Finally, Pinnacle Associates Ltd. acquired a new position in Control4 during the 4th quarter valued at $218,000. Hedge funds and other institutional investors own 77.61% of the company’s stock.

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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.

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