Control4 Corp (NASDAQ:CTRL) – Research analysts at Dougherty & Co issued their Q2 2018 earnings per share estimates for shares of Control4 in a report released on Tuesday, May 22nd. Dougherty & Co analyst S. Frankel expects that the electronics maker will earn $0.22 per share for the quarter. Dougherty & Co currently has a “Neutral” rating on the stock.
Several other research analysts have also recently issued reports on the stock. Raymond James restated an “outperform” rating and issued a $30.00 target price on shares of Control4 in a report on Monday, March 19th. Zacks Investment Research upgraded shares of Control4 from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a research note on Tuesday, March 27th. Maxim Group reiterated a “buy” rating and set a $36.00 price target on shares of Control4 in a research note on Friday, May 4th. BidaskClub cut shares of Control4 from a “sell” rating to a “strong sell” rating in a research note on Wednesday, March 28th. Finally, Imperial Capital upgraded shares of Control4 from an “in-line” rating to an “outperform” rating and increased their price target for the stock from $24.65 to $30.00 in a research note on Thursday, March 8th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $30.29.
Control4 (NASDAQ:CTRL) last issued its earnings results on Thursday, May 3rd. The electronics maker reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.07. Control4 had a net margin of 6.35% and a return on equity of 13.91%. The business had revenue of $59.10 million during the quarter, compared to analysts’ expectations of $57.18 million. During the same quarter in the prior year, the business posted $0.12 EPS. The company’s revenue for the quarter was up 17.7% on a year-over-year basis.
Control4 announced that its board has approved a stock buyback program on Thursday, February 8th that permits the company to repurchase $20.00 million in shares. This repurchase authorization permits the electronics maker to buy shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board believes its shares are undervalued.
In related news, SVP Bryce Judd sold 20,833 shares of the stock in a transaction on Thursday, March 1st. The shares were sold at an average price of $23.48, for a total transaction of $489,158.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Susan Cashen sold 6,945 shares of the stock in a transaction on Wednesday, May 16th. The stock was sold at an average price of $24.16, for a total transaction of $167,791.20. Following the sale, the senior vice president now owns 5,389 shares of the company’s stock, valued at approximately $130,198.24. The disclosure for this sale can be found here. In the last quarter, insiders have sold 69,718 shares of company stock valued at $1,695,703. 6.10% of the stock is owned by company insiders.
A number of large investors have recently modified their holdings of CTRL. BlackRock Inc. lifted its stake in shares of Control4 by 5.0% in the 1st quarter. BlackRock Inc. now owns 2,986,675 shares of the electronics maker’s stock worth $64,155,000 after acquiring an additional 142,055 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Control4 by 37.5% in the 4th quarter. Bank of New York Mellon Corp now owns 1,355,094 shares of the electronics maker’s stock worth $40,328,000 after acquiring an additional 369,236 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Control4 by 15.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,081,596 shares of the electronics maker’s stock worth $23,233,000 after acquiring an additional 142,699 shares during the period. State of New Jersey Common Pension Fund D lifted its stake in shares of Control4 by 53.6% in the 1st quarter. State of New Jersey Common Pension Fund D now owns 860,000 shares of the electronics maker’s stock worth $18,473,000 after acquiring an additional 300,000 shares during the period. Finally, Systematic Financial Management LP lifted its stake in shares of Control4 by 3.3% in the 1st quarter. Systematic Financial Management LP now owns 599,955 shares of the electronics maker’s stock worth $12,887,000 after acquiring an additional 19,315 shares during the period. Hedge funds and other institutional investors own 79.53% of the company’s stock.
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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