Equities analysts predict that Control4 Corp (NASDAQ:CTRL) will announce $73.04 million in sales for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for Control4’s earnings. The highest sales estimate is $75.26 million and the lowest is $70.96 million. Control4 reported sales of $69.23 million during the same quarter last year, which would indicate a positive year over year growth rate of 5.5%. The company is expected to issue its next earnings results on Thursday, August 1st.

According to Zacks, analysts expect that Control4 will report full-year sales of $295.44 million for the current financial year, with estimates ranging from $295.00 million to $296.32 million. For the next financial year, analysts expect that the firm will report sales of $324.92 million, with estimates ranging from $324.28 million to $325.55 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover Control4.

Control4 (NASDAQ:CTRL) last issued its quarterly earnings data on Thursday, May 9th. The electronics maker reported $0.13 EPS for the quarter, topping the consensus estimate of ($0.04) by $0.17. The firm had revenue of $60.43 million for the quarter, compared to analyst estimates of $61.64 million. Control4 had a net margin of 14.94% and a return on equity of 12.85%. The business’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.21 EPS.

A number of research firms have issued reports on CTRL. Maxim Group lowered shares of Control4 from a “buy” rating to a “hold” rating in a report on Monday. ValuEngine upgraded shares of Control4 from a “sell” rating to a “hold” rating in a report on Thursday. DA Davidson lowered shares of Control4 from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $33.00 to $24.00 in a report on Thursday. Cowen lowered shares of Control4 from an “outperform” rating to a “market perform” rating in a report on Thursday. Finally, Zacks Investment Research lowered shares of Control4 from a “hold” rating to a “sell” rating in a report on Wednesday, April 3rd. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $26.57.

In other Control4 news, SVP Bryce Judd sold 3,342 shares of the stock in a transaction that occurred on Wednesday, February 20th. The shares were sold at an average price of $17.83, for a total value of $59,587.86. Following the sale, the senior vice president now directly owns 8,844 shares of the company’s stock, valued at approximately $157,688.52. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Mark Novakovich sold 9,400 shares of the stock in a transaction that occurred on Wednesday, February 20th. The shares were sold at an average price of $17.83, for a total transaction of $167,602.00. Following the completion of the sale, the chief financial officer now directly owns 9,935 shares in the company, valued at $177,141.05. The disclosure for this sale can be found here. 2.90% of the stock is owned by corporate insiders.

Several large investors have recently made changes to their positions in CTRL. Millennium Management LLC increased its position in shares of Control4 by 2,816.3% in the 4th quarter. Millennium Management LLC now owns 414,149 shares of the electronics maker’s stock valued at $7,289,000 after purchasing an additional 399,948 shares during the last quarter. Deutsche Bank AG increased its position in shares of Control4 by 133.9% in the 4th quarter. Deutsche Bank AG now owns 375,400 shares of the electronics maker’s stock valued at $6,605,000 after purchasing an additional 214,889 shares during the last quarter. Spark Investment Management LLC increased its position in shares of Control4 by 67.3% in the 1st quarter. Spark Investment Management LLC now owns 526,800 shares of the electronics maker’s stock valued at $8,918,000 after purchasing an additional 212,000 shares during the last quarter. BlackRock Inc. increased its position in shares of Control4 by 4.8% in the 1st quarter. BlackRock Inc. now owns 4,134,023 shares of the electronics maker’s stock valued at $69,989,000 after purchasing an additional 187,597 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D increased its position in shares of Control4 by 17.6% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 1,000,000 shares of the electronics maker’s stock valued at $17,600,000 after purchasing an additional 150,000 shares during the last quarter. 84.79% of the stock is currently owned by institutional investors.

Control4 stock traded up $0.08 during mid-day trading on Wednesday, reaching $23.75. 1,084,703 shares of the company’s stock were exchanged, compared to its average volume of 430,460. The firm has a market cap of $630.10 million, a PE ratio of 24.74, a price-to-earnings-growth ratio of 2.34 and a beta of 0.88. Control4 has a twelve month low of $15.59 and a twelve month high of $37.62.

About Control4

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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