Control4 Corp. to Post Q1 2017 Earnings of ($0.05) Per Share, Imperial Capital Forecasts (CTRL)
Control4 Corp. (NASDAQ:CTRL) – Analysts at Imperial Capital reduced their Q1 2017 earnings estimates for shares of Control4 Corp. in a research note issued to investors on Monday. Imperial Capital analyst J. Kessler now forecasts that the brokerage will earn ($0.05) per share for the quarter, down from their prior estimate of ($0.04). Imperial Capital has a “In-Line” rating and a $12.00 price target on the stock. Imperial Capital also issued estimates for Control4 Corp.’s FY2017 earnings at $0.50 EPS.
Control4 Corp. (NASDAQ:CTRL) last issued its earnings results on Thursday, November 3rd. The company reported $0.26 EPS for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.05. The firm had revenue of $55.19 million for the quarter, compared to analyst estimates of $53.60 million. Control4 Corp. had a return on equity of 3.29% and a net margin of 4.26%. Control4 Corp.’s revenue for the quarter was up 26.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.14 earnings per share.
A number of other equities research analysts have also issued reports on CTRL. Zacks Investment Research raised Control4 Corp. from a “hold” rating to a “buy” rating and set a $9.75 price target on the stock in a research report on Wednesday, July 20th. TheStreet raised Control4 Corp. from a “sell” rating to a “hold” rating in a research report on Monday, August 1st.
Shares of Control4 Corp. (NASDAQ:CTRL) opened at 11.18 on Thursday. The stock has a market cap of $264.28 million, a price-to-earnings ratio of 32.69 and a beta of -1.00. Control4 Corp. has a 12 month low of $5.41 and a 12 month high of $12.60. The company has a 50-day moving average price of $11.75 and a 200-day moving average price of $9.70.
In other news, SVP Jefferson Dungan sold 20,032 shares of the firm’s stock in a transaction dated Friday, September 16th. The stock was sold at an average price of $10.82, for a total transaction of $216,746.24. Following the sale, the senior vice president now owns 48,076 shares of the company’s stock, valued at approximately $520,182.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 6.10% of the company’s stock.
Large investors have recently modified their holdings of the company. BlackRock Institutional Trust Company N.A. raised its stake in shares of Control4 Corp. by 49.3% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 497,118 shares of the company’s stock valued at $6,105,000 after buying an additional 164,255 shares during the period. JPMorgan Chase & Co. purchased a new position in Control4 Corp. during the third quarter valued at approximately $1,293,000. DUPONT CAPITAL MANAGEMENT Corp raised its position in Control4 Corp. by 214.8% in the third quarter. DUPONT CAPITAL MANAGEMENT Corp now owns 120,664 shares of the company’s stock valued at $1,482,000 after buying an additional 82,331 shares during the period. G2 Investment Partners Management LLC purchased a new position in Control4 Corp. during the second quarter valued at approximately $614,000. Finally, Jacobs Levy Equity Management Inc. purchased a new position in Control4 Corp. during the first quarter valued at approximately $524,000. 74.97% of the stock is currently owned by institutional investors and hedge funds.
About Control4 Corp.
Control4 Corporation (Control4) is a provider of automation and control solutions for the connected home. The Company provides its consumers with the ability to integrate audio, video, lighting, temperature, security, communications and other functionalities into a unified home-automation solution. The Company’s solution functions as the operating system of the home, making connected devices work together to control, automate and personalize the homes and businesses of its consumers.
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