Control4 Corp (NASDAQ:CTRL) issued an update on its fourth quarter earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $0.33-0.37 for the period, compared to the Thomson Reuters consensus 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.

Control4 Corp (CTRL) traded up $3.12 on Friday, reaching $31.53. The company had a trading volume of 3,046,125 shares, compared to its average volume of 488,842. Control4 Corp has a 1 year low of $10.08 and a 1 year high of $34.10. The firm has a market cap of $783.70 million, a price-to-earnings ratio of 42.54, a price-to-earnings-growth ratio of 3.11 and a beta of -0.57.

Control4 Corp (NASDAQ:CTRL) last posted its earnings results on Thursday, November 2nd. The electronics maker reported $0.35 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.20. Control4 Corp had a return on equity of 12.00% and a net margin of 5.96%. The firm had revenue of $64.70 million for the quarter, compared to analyst estimates of $63.59 million. During the same quarter in the prior year, the company earned $0.26 EPS. Control4 Corp’s revenue was up 17.2% on a year-over-year basis. research analysts anticipate that Control4 Corp will post 0.59 EPS for the current year.

Several equities analysts recently issued reports on CTRL shares. Zacks Investment Research lowered Control4 Corp from a strong-buy rating to a hold rating in a research note on Monday, July 10th. Maxim Group reissued a hold rating and set a $33.00 target price on shares of Control4 Corp in a research note on Friday. Needham & Company LLC reissued a buy rating and set a $30.00 target price on shares of Control4 Corp in a research note on Friday. BidaskClub downgraded Control4 Corp from a strong-buy rating to a buy rating in a report on Tuesday, August 22nd. Finally, Cowen and Company set a $22.00 price target on Control4 Corp and gave the stock a hold rating in a report on Friday, August 4th. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company currently has an average rating of Buy and a consensus target price of $24.00.

In other news, CFO Mark Novakovich sold 2,168 shares of the stock in a transaction dated Thursday, August 17th. The stock was sold at an average price of $22.87, for a total value of $49,582.16. Following the transaction, the chief financial officer now owns 18,495 shares in the company, valued at approximately $422,980.65. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Greg Bishop sold 2,254 shares of the stock in a transaction dated Thursday, August 17th. The shares were 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 in the company, valued at approximately $326,354.85. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 8,546 shares of company stock worth $194,603. 6.10% of the stock is owned by company insiders.

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About Control4 Corp

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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