Wall Street analysts expect that Control4 Corp (NASDAQ:CTRL) will announce $61.61 million in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Control4’s earnings, with the highest sales estimate coming in at $62.00 million and the lowest estimate coming in at $61.00 million. Control4 posted sales of $59.15 million in the same quarter last year, which suggests a positive year over year growth rate of 4.2%. The firm is expected to issue its next earnings report on Thursday, May 2nd.

According to Zacks, analysts expect that Control4 will report full-year sales of $296.81 million for the current fiscal year, with estimates ranging from $295.00 million to $300.92 million. For the next fiscal year, analysts expect that the business will post sales of $324.91 million, with estimates ranging from $324.28 million to $325.55 million. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for Control4.

Control4 (NASDAQ:CTRL) last released its quarterly earnings data on Monday, February 4th. The electronics maker reported $0.31 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.02. Control4 had a net margin of 16.09% and a return on equity of 14.53%. The business had revenue of $72.50 million for the quarter, compared to analysts’ expectations of $73.07 million. During the same quarter last year, the company earned $0.40 EPS. The company’s revenue for the quarter was up 6.5% compared to the same quarter last year.

CTRL has been the topic of several research analyst reports. Cowen set a $30.00 target price on shares of Control4 and gave the company a “buy” rating in a research note on Sunday, November 18th. Zacks Investment Research raised shares of Control4 from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a research note on Thursday, January 3rd. Maxim Group reissued a “buy” rating and set a $36.00 target price on shares of Control4 in a research note on Thursday, December 20th. DA Davidson lowered their target price on shares of Control4 to $33.00 and set a “buy” rating on the stock in a research note on Tuesday, February 5th. Finally, Roth Capital set a $24.00 target price on shares of Control4 and gave the company a “buy” rating in a research note on Tuesday, February 5th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $28.13.

In other news, SVP Susan Cashen sold 5,022 shares of Control4 stock in a transaction that occurred on Friday, November 16th. The shares were sold at an average price of $22.48, for a total value of $112,894.56. Following the transaction, the senior vice president now owns 1,417 shares of the company’s stock, valued at approximately $31,854.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Martin Plaehn sold 9,744 shares of Control4 stock in a transaction that occurred 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 approximately $2,296,180.44. The disclosure for this sale can be found here. In the last three months, insiders have sold 34,232 shares of company stock worth $689,530. 4.40% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently made changes to their positions in CTRL. FMR LLC grew its stake in shares of Control4 by 180.5% in the 3rd quarter. FMR LLC now owns 1,114,553 shares of the electronics maker’s stock worth $38,263,000 after purchasing an additional 717,153 shares during the last quarter. BlackRock Inc. boosted its holdings in shares of Control4 by 19.9% in the third quarter. BlackRock Inc. now owns 3,934,607 shares of the electronics maker’s stock worth $135,075,000 after buying an additional 653,664 shares during the period. Rehmann Capital Advisory Group acquired a new position in shares of Control4 in the third quarter worth about $15,619,000. Penserra Capital Management LLC acquired a new position in shares of Control4 in the third quarter worth about $5,402,000. Finally, State of New Jersey Common Pension Fund D boosted its holdings in shares of Control4 by 17.6% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 1,000,000 shares of the electronics maker’s stock worth $17,600,000 after buying an additional 150,000 shares during the period. 83.41% of the stock is currently owned by institutional investors.

Shares of CTRL stock traded down $0.43 during trading hours on Wednesday, reaching $17.66. The stock had a trading volume of 823,600 shares, compared to its average volume of 575,664. Control4 has a twelve month low of $15.59 and a twelve month high of $37.62. The stock has a market cap of $485.05 million, a PE ratio of 18.40, a price-to-earnings-growth ratio of 2.42 and a beta of 0.88.

About Control4

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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