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Last $10.66 USD
Change Today -0.05 / -0.47%
Volume 28.3K
As of 8:10 PM 08/31/15 All times are local (Market data is delayed by at least 15 minutes).

electro rent corp (ELRC) Snapshot

Open
$10.64
Previous Close
$10.71
Day High
$10.70
Day Low
$10.49
52 Week High
10/31/14 - $15.53
52 Week Low
07/27/15 - $9.72
Market Cap
257.0M
Average Volume 10 Days
44.2K
EPS TTM
$0.63
Shares Outstanding
24.1M
EX-Date
06/18/15
P/E TM
16.8x
Dividend
$0.50
Dividend Yield
6.80%
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 (T&M) equipment primarily for use in the aerospace and defense, telecommunications, electronics, industrial, and semiconductor markets. The company operates through two segments, T&M and DP. Its equipment portfolio includes general purpose T&M instruments, personal computers, workstations, tablets, and servers. 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.

410 Employees
Last Reported Date: 08/13/15
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

Electro Rent Announces Distribution Agreement with Rohde & Schwarz in United States and Canada

Electro Rent Corporation announced that it has been named an authorized distributor for Rohde & Schwarz test equipment throughout the United States and Canada. Under terms of the agreement, Electro Rent will offer a wide range of Rohde & Schwarz equipment and support to customers.

Electro Rent Corporation Announces Consolidated Earnings Results for Fourth Quarter and Full Year Ended May 31, 2015

Electro Rent Corporation announced consolidated earnings results for fourth quarter and full year ended May 31, 2015. For the quarter, the company reported total revenues of $60,413,000, operating profit of $5,578,000, income before income taxes of $5,646,000, net income of $3,441,000 or $0.14 per basic and diluted share compared to the total revenues of $61,077,000, operating profit of $7,256,000, income before income taxes of $7,368,000, net income of $4,593,000 or $0.19 per basic and diluted share for the same quarter a year ago. For the year, the company reported total revenues of $238,329,000, operating profit of $22,928,000, income before income taxes of $24,650,000, net income of $15,432,000 or $0.63 per basic and diluted share compared to the total revenues of $241,137,000, operating profit of $32,139,000, income before income taxes of $32,526,000, net income of $20,408,000 or $0.84 per basic and diluted share for the previous year.

Electro Rent Corporation Announces Executive Changes, Effective August 31, 2015

Electro Rent Corporation announced that Craig Jones, 69, the company’s Chief Financial Officer, is retiring effective August 31, 2015, after a 26-year career with the company. He will provide consulting services to Electro Rent, as needed. Allen Sciarillo, 50, Electro Rent’s Vice President, Finance will become acting CFO. Sciarillo has nearly 30 years of finance and accounting experience and has been with Electro Rent since 2006.

 

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ELRC Competitors

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Industry Analysis

ELRC

Industry Average

Valuation ELRC Industry Range
Price/Earnings 16.9x
Price/Sales 1.1x
Price/Book 1.1x
Price/Cash Flow 16.7x
TEV/Sales 1.1x
 | 

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