$73.06 Million in Sales Expected for Control4 Corp (CTRL) This Quarter
Brokerages expect Control4 Corp (NASDAQ:CTRL) to announce sales of $73.06 million for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Control4’s earnings, with the highest sales estimate coming in at $73.12 million and the lowest estimate coming in at $73.00 million. Control4 reported sales of $68.34 million in the same quarter last year, which indicates a positive year over year growth rate of 6.9%. The firm is expected to report its next earnings report on Thursday, February 14th.
On average, analysts expect that Control4 will report full-year sales of $273.00 million for the current financial year, with estimates ranging from $272.90 million to $273.09 million. For the next financial year, analysts forecast that the firm will post sales of $300.64 million, with estimates ranging from $295.00 million to $304.14 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for Control4.
Control4 (NASDAQ:CTRL) last announced its earnings results on Thursday, November 1st. The electronics maker reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.02. The business had revenue of $71.59 million for the quarter, compared to the consensus estimate of $71.52 million. Control4 had a net margin of 7.22% and a return on equity of 14.94%. Control4’s quarterly revenue was up 10.9% on a year-over-year basis. During the same period last year, the firm posted $0.35 earnings per share.
Shares of CTRL stock traded down $1.64 during trading hours on Wednesday, hitting $20.58. 363,899 shares of the company’s stock were exchanged, compared to its average volume of 426,800. The company has a market capitalization of $581.44 million, a PE ratio of 27.44, a price-to-earnings-growth ratio of 2.06 and a beta of 0.27. Control4 has a 12-month low of $19.71 and a 12-month high of $37.62.
In related news, General Counsel Joshua D. Ellis sold 716 shares of Control4 stock in a transaction on Monday, September 10th. The shares were sold at an average price of $35.18, for a total value of $25,188.88. Following the transaction, the general counsel now directly owns 2,186 shares of the company’s stock, valued at $76,903.48. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Martin Plaehn sold 9,744 shares of Control4 stock in a transaction on Tuesday, November 20th. The stock was sold at an average price of $20.36, for a total transaction of $198,387.84. Following the completion of the transaction, the chief executive officer now directly owns 112,779 shares in the company, valued at $2,296,180.44. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 39,127 shares of company stock worth $988,874. 4.40% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Northern Trust Corp increased its stake in shares of Control4 by 0.7% in the second quarter. Northern Trust Corp now owns 284,027 shares of the electronics maker’s stock worth $6,904,000 after buying an additional 1,901 shares during the period. State of Alaska Department of Revenue boosted its holdings in Control4 by 29.8% in the third quarter. State of Alaska Department of Revenue now owns 8,449 shares of the electronics maker’s stock valued at $290,000 after acquiring an additional 1,939 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in Control4 by 23.7% in the second quarter. PNC Financial Services Group Inc. now owns 11,041 shares of the electronics maker’s stock valued at $268,000 after acquiring an additional 2,118 shares in the last quarter. Louisiana State Employees Retirement System boosted its holdings in Control4 by 26.4% in the third quarter. Louisiana State Employees Retirement System now owns 11,500 shares of the electronics maker’s stock valued at $395,000 after acquiring an additional 2,400 shares in the last quarter. Finally, Rhumbline Advisers boosted its holdings in Control4 by 5.4% in the second quarter. Rhumbline Advisers now owns 53,608 shares of the electronics maker’s stock valued at $1,303,000 after acquiring an additional 2,747 shares in the last quarter. 84.30% of the stock is currently owned by institutional investors.
Control4 Corp. engages in the provision of automation and control solutions. It offers networking systems to control lighting, entertainment, security, energy and other connected devices. The firm builds secure infrastructure to provide cloud-base services which includes remote customer system access.
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