Wall Street analysts forecast that Control4 Corp (NASDAQ:CTRL) will post sales of $71.52 million for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for Control4’s earnings. The highest sales estimate is $71.86 million and the lowest is $71.00 million. Control4 reported sales of $64.74 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 10.5%. The company is expected to announce its next quarterly earnings results on Thursday, November 1st.

On average, analysts expect that Control4 will report full-year sales of $274.73 million for the current year, with estimates ranging from $273.50 million to $275.44 million. For the next fiscal year, analysts anticipate that the firm will report sales of $303.62 million per share, with estimates ranging from $300.00 million to $306.94 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Control4.

Control4 (NASDAQ:CTRL) last released its quarterly earnings data on Thursday, August 2nd. The electronics maker reported $0.42 EPS for the quarter, topping the consensus estimate of $0.21 by $0.21. Control4 had a return on equity of 15.03% and a net margin of 7.21%. The company had revenue of $69.20 million during the quarter, compared to the consensus estimate of $68.02 million. During the same period last year, the company earned $0.32 EPS. Control4’s revenue for the quarter was up 12.7% on a year-over-year basis.

Several research firms recently commented on CTRL. BidaskClub downgraded Control4 from a “buy” rating to a “hold” rating in a report on Thursday, September 20th. Cowen set a $40.00 price objective on Control4 and gave the stock a “buy” rating in a report on Monday, September 10th. DA Davidson lifted their price objective on Control4 to $38.00 and gave the stock a “buy” rating in a report on Thursday, September 6th. Imperial Capital downgraded Control4 from an “outperform” rating to an “in-line” rating and set a $32.00 price target for the company. in a research note on Tuesday, August 28th. Finally, Zacks Investment Research downgraded Control4 from a “buy” rating to a “hold” rating in a research note on Tuesday, August 14th. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $33.50.

NASDAQ CTRL opened at $33.93 on Tuesday. Control4 has a one year low of $20.50 and a one year high of $37.62. The stock has a market capitalization of $899.78 million, a P/E ratio of 45.27, a price-to-earnings-growth ratio of 3.22 and a beta of -0.11.

In other Control4 news, SVP Susan Cashen sold 7,522 shares of the business’s stock in a transaction dated Monday, July 16th. The stock was sold at an average price of $25.10, for a total transaction of $188,802.20. Following the completion of the sale, the senior vice president now directly owns 5,022 shares in the company, valued at approximately $126,052.20. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Martin Plaehn sold 110,000 shares of the business’s stock in a transaction dated Thursday, August 9th. The shares were sold at an average price of $31.67, for a total value of $3,483,700.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 550,323 shares of company stock valued at $17,951,238. Corporate insiders own 4.40% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in CTRL. Northern Trust Corp grew its stake in shares of Control4 by 0.7% during the 2nd quarter. Northern Trust Corp now owns 284,027 shares of the electronics maker’s stock valued at $6,904,000 after acquiring an additional 1,901 shares during the period. Bank of New York Mellon Corp grew its stake in shares of Control4 by 0.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,368,747 shares of the electronics maker’s stock valued at $33,275,000 after acquiring an additional 5,806 shares during the period. Public Employees Retirement System of Ohio grew its stake in shares of Control4 by 7.7% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 155,135 shares of the electronics maker’s stock valued at $3,771,000 after acquiring an additional 11,100 shares during the period. Bank of America Corp DE grew its stake in shares of Control4 by 1.8% during the 2nd quarter. Bank of America Corp DE now owns 591,965 shares of the electronics maker’s stock valued at $14,391,000 after acquiring an additional 10,634 shares during the period. Finally, BlueMountain Capital Management LLC grew its stake in shares of Control4 by 76.7% during the 2nd quarter. BlueMountain Capital Management LLC now owns 26,202 shares of the electronics maker’s stock valued at $637,000 after acquiring an additional 11,376 shares during the period. Institutional investors and hedge funds own 79.40% of the company’s stock.

Control4 Company Profile

Control4 Corporation provides smart home and business solutions in the United States, Canada, 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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