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Last $10.05 USD
Change Today -0.04 / -0.40%
Volume 51.8K
As of 8:10 PM 07/31/15 All times are local (Market data is delayed by at least 15 minutes).

electro rent corp (ELRC) Snapshot

Open
$10.05
Previous Close
$10.09
Day High
$10.31
Day Low
$10.02
52 Week High
08/11/14 - $15.70
52 Week Low
07/27/15 - $9.72
Market Cap
242.3M
Average Volume 10 Days
28.7K
EPS TTM
$0.68
Shares Outstanding
24.1M
EX-Date
06/18/15
P/E TM
14.7x
Dividend
$0.50
Dividend Yield
7.20%
Current Stock Chart for ELECTRO RENT CORP (ELRC)

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electro rent corp (ELRC) Details

Electro Rent Corporation rents, leases, and sells new and used electronic test and measurement equipment primarily for use in the aerospace, defense, telecommunications, electronics, industrial, and semiconductor industries in the United States and internationally. The company operates through two segments, Test and Measurement Equipment, and Data Products. It also offers personal computers, workstations, and servers to small and medium size customers. The company serves its customers through sales offices, and calibration and service centers in the United States, Canada, China, and Belgium. Electro Rent Corporation was founded in 1965 and is headquartered in Van Nuys, California.

420 Employees
Last Reported Date: 08/12/14
Founded in 1965

electro rent corp (ELRC) Top Compensated Officers

Chairman and Chief Executive officer
Total Annual Compensation: $499.0K
President and Chief Operating Officer
Total Annual Compensation: $341.5K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $246.9K
Senior Vice President of North American Sales
Total Annual Compensation: $219.6K
Compensation as of Fiscal Year 2014.

electro rent corp (ELRC) Key Developments

Anritsu Company Announces Agreement with Electro Rent

Anritsu Company and Electro Rent announced that the two companies have signed a formal agreement whereby Electro Rent is a preferred reseller for Anritsu test solutions throughout the United States and Canada. Under terms of the agreement, Anritsu benchtop and field instruments will be available through Electro Rent. As part of the agreement, Electro Rent will provide customers with sales and service support through its four offices throughout North America.

Electro Rent Declares Quarterly Cash Dividend, Payable on July 10, 2015

Electro Rent Corporation announced that its Board of Directors declared a regular quarterly cash dividend of $0.125 per common share, payable on July 10, 2015 to shareholders of record as of June 22, 2015.

Electro Rent Corporation Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended February 28, 2015

Electro Rent Corporation reported unaudited consolidated earnings results for the third quarter and nine months ended February 28, 2015. For the quarter, total revenues were $56.3 million, compared with $62.0 million for the same quarter one year ago. Operating profit for the third quarter of fiscal 2015 was $3.7 million against $7.2 million for the third quarter of fiscal 2014. The change principally related to the decline in revenues. Income before income taxes was $3.7 million against $7.3 million last year. Net income totaled $2.4 million, or $0.10 per basic and diluted share compared with $4.5 million, or $0.19 per basic and diluted share last year. For the nine months, total revenues were $177.9 million compared with $180.1 million for the comparable period last year. Operating profit was $17.4 million against $24.9 million last year. Income before income taxes was $19.0 million against $25.2 million last year. Net income for the first nine months of fiscal 2015 was $12.0 million, or $0.49 per basic and diluted share compared with $15.8 million or $0.65 per basic and diluted share for the corresponding period of fiscal 2014. Net income for the fiscal 2015 period included $1.4 million, before tax, in income related to a settlement received from a class action lawsuit involving the purchase of certain computer products, and a $1.3 million reduction in sales of equipment and other revenues, before tax, related to a non-recurring, out-of-period adjustment.

 

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ELRC Competitors

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Industry Analysis

ELRC

Industry Average

Valuation ELRC Industry Range
Price/Earnings 14.8x
Price/Sales 1.0x
Price/Book 1.1x
Price/Cash Flow 14.6x
TEV/Sales 1.0x
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