Control4 Corp (NASDAQ:CTRL) updated its FY17 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $0.99-1.06 for the period, compared to the Thomson Reuters consensus estimate of $0.96. The company issued revenue guidance of $240-244.5 million, compared to the consensus revenue estimate of $241.33 million.Control4 Corp also updated its Q3 guidance to $0.24-0.27 EPS.
CTRL has been the topic of a number of recent research reports. BidaskClub lowered Control4 Corp from a strong-buy rating to a buy rating in a research report on Tuesday, July 25th. Cowen and Company set a $22.00 price objective on Control4 Corp and gave the stock a hold rating in a research report on Friday. Zacks Investment Research lowered Control4 Corp from a strong-buy rating to a hold rating in a research report on Monday, July 10th. Needham & Company LLC reaffirmed a buy rating and set a $22.00 price objective on shares of Control4 Corp in a research report on Wednesday, May 31st. Finally, Maxim Group initiated coverage on Control4 Corp in a research report on Thursday, May 11th. They set a hold rating and a $19.00 price objective on the stock. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Control4 Corp presently has an average rating of Buy and a consensus price target of $19.63.
Control4 Corp (NASDAQ:CTRL) traded down 2.07% during trading on Friday, reaching $22.28. The company had a trading volume of 1,304,394 shares. The stock has a 50 day moving average price of $21.33 and a 200-day moving average price of $17.04. The company has a market capitalization of $542.32 million, a PE ratio of 79.29 and a beta of -0.60. Control4 Corp has a 52-week low of $8.50 and a 52-week high of $24.94.
Control4 Corp (NASDAQ:CTRL) last posted its earnings results on Thursday, August 3rd. The electronics maker reported $0.32 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.09. The business had revenue of $61.40 million for the quarter, compared to analyst estimates of $60.70 million. Control4 Corp had a net margin of 6.34% and a return on equity of 10.68%. The business’s quarterly revenue was up 15.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.23 EPS. On average, equities research analysts anticipate that Control4 Corp will post $0.96 earnings per share for the current fiscal year.
In other Control4 Corp news, SVP Susan Cashen sold 1,768 shares of the business’s stock in a transaction on Friday, May 19th. The shares were sold at an average price of $18.15, for a total value of $32,089.20. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Jefferson Dungan sold 28,044 shares of the business’s stock in a transaction on Monday, June 5th. The stock was sold at an average price of $19.98, for a total transaction of $560,319.12. The disclosure for this sale can be found here. Insiders have sold a total of 230,582 shares of company stock worth $4,154,215 in the last 90 days. Company insiders own 6.10% of the company’s stock.
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Control4 Corp 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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