Control4 (NASDAQ:CTRL) updated its first quarter earnings guidance on Thursday. The company provided EPS guidance of $0.12-0.16 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.14. The company issued revenue guidance of $56.5-58.5 million, compared to the consensus revenue estimate of $56.67 million.Control4 also updated its FY18 guidance to $1.19-1.26 EPS.

A number of analysts have recently issued reports on the stock. Maxim Group upgraded shares of Control4 from a hold rating to a buy rating and raised their target price for the stock from $33.00 to $36.00 in a research note on Friday. BidaskClub cut shares of Control4 from a hold rating to a sell rating in a research note on Friday, January 26th. Cowen restated a buy rating on shares of Control4 in a research note on Tuesday, January 9th. Zacks Investment Research cut shares of Control4 from a buy rating to a hold rating in a research note on Wednesday, January 3rd. Finally, Needham & Company LLC restated a buy rating and set a $30.00 target price on shares of Control4 in a research note on Friday, November 3rd. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the stock. The stock currently has an average rating of Hold and an average target price of $27.25.

Shares of Control4 (NASDAQ CTRL) opened at $24.12 on Friday. Control4 has a 12 month low of $11.18 and a 12 month high of $35.99. The firm has a market cap of $636.72, a PE ratio of 40.88, a price-to-earnings-growth ratio of 2.18 and a beta of -0.60.

Control4 (NASDAQ:CTRL) last issued its quarterly earnings data on Thursday, February 8th. The electronics maker reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.05. Control4 had a net margin of 6.53% and a return on equity of 13.24%. The business had revenue of $68.34 million during the quarter, compared to analysts’ expectations of $67.21 million. During the same quarter in the previous year, the company earned $0.31 EPS. The business’s revenue was up 19.1% on a year-over-year basis. equities research analysts expect that Control4 will post 0.77 earnings per share for the current year.

Control4 announced that its Board of Directors has authorized a stock repurchase program on Thursday, February 8th that allows the company to repurchase $20.00 million in shares. This repurchase authorization allows the electronics maker to buy shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s leadership believes its shares are undervalued.

In other Control4 news, CEO Martin Plaehn sold 5,304 shares of Control4 stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $33.27, for a total value of $176,464.08. Following the completion of the sale, the chief executive officer now owns 52,120 shares in the company, valued at approximately $1,734,032.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Greg Bishop sold 2,254 shares of Control4 stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $32.90, for a total transaction of $74,156.60. Following the completion of the sale, the insider now owns 15,961 shares of the company’s stock, valued at approximately $525,116.90. The disclosure for this sale can be found here. Insiders sold a total of 50,397 shares of company stock valued at $1,612,471 in the last quarter. Corporate insiders own 6.10% of the company’s stock.

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Control4 Company Profile

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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