Control4 (CTRL) Releases FY18 Earnings Guidance

Control4 (NASDAQ:CTRL) issued an update on its FY18 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $1.19-1.26 for the period, compared to the Thomson Reuters consensus estimate of $1.22. The company issued revenue guidance of $270-274 million, compared to the consensus revenue estimate of $271.47 million.Control4 also updated its Q1 guidance to $0.12-0.16 EPS.

Control4 (CTRL) opened at $24.12 on Friday. Control4 has a 1 year low of $11.18 and a 1 year high of $35.99. The stock has a market cap of $636.72, a price-to-earnings ratio of 40.88, a P/E/G ratio of 2.18 and a beta of -0.60.

Control4 (NASDAQ:CTRL) last released its earnings results on Thursday, February 8th. The electronics maker reported $0.40 earnings per share (EPS) for the quarter, beating the Zacks’ 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 company had revenue of $68.34 million for the quarter, compared to the consensus estimate of $67.21 million. During the same quarter in the previous year, the company earned $0.31 EPS. Control4’s quarterly revenue was up 19.1% compared to the same quarter last year. equities research analysts expect that Control4 will post 0.77 earnings per share for the current year.

Control4 declared that its board has initiated a share buyback plan on Thursday, February 8th that authorizes the company to buyback $20.00 million in outstanding shares. This buyback authorization authorizes the electronics maker to buy shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s leadership believes its shares are undervalued.

CTRL has been the topic of a number of research reports. Cowen set a $30.00 target price on shares of Control4 and gave the company a buy rating in a research report on Wednesday, November 1st. UBS Group downgraded shares of Control4 from an outperform rating to a market perform rating in a research report on Friday, November 3rd. Maxim Group restated a hold rating and set a $33.00 price objective on shares of Control4 in a report on Friday, November 3rd. Needham & Company LLC restated a buy rating and set a $30.00 price objective on shares of Control4 in a report on Friday, November 3rd. Finally, Zacks Investment Research upgraded shares of Control4 from a hold rating to a buy rating and set a $37.00 price objective on the stock in a report on Wednesday, November 8th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the stock. Control4 presently has a consensus rating of Hold and a consensus target price of $27.25.

In other news, CEO Martin Plaehn sold 5,304 shares of the company’s stock in a transaction on 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Eric Anderson sold 14,384 shares of the company’s stock in a transaction on Thursday, December 28th. The stock was sold at an average price of $30.54, for a total transaction of $439,287.36. Following the completion of the sale, the senior vice president now owns 17,388 shares of the company’s stock, valued at approximately $531,029.52. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 50,397 shares of company stock worth $1,612,471. 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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