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Last $10.92 USD
Change Today +0.10 / 0.92%
Volume 37.9K
ELRC On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 5:20 PM 05/4/15 All times are local (Market data is delayed by at least 15 minutes).

electro rent corp (ELRC) Snapshot

Open
$10.85
Previous Close
$10.82
Day High
$10.98
Day Low
$10.83
52 Week High
07/1/14 - $17.37
52 Week Low
03/5/15 - $10.05
Market Cap
263.2M
Average Volume 10 Days
71.7K
EPS TTM
$0.68
Shares Outstanding
24.1M
EX-Date
03/18/15
P/E TM
16.0x
Dividend
$0.80
Dividend Yield
7.33%
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

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.

Electro Rent Corporation Declares Regular Quarterly Cash Dividend, Payable on April 10, 2015

Electro Rent Corporation announced that its board of directors has declared a regular quarterly cash dividend of $0.20 per common share. The dividend will be paid on April 10, 2015 to shareholders of record as of March 20, 2015.

Electro Rent Corporation Announces Non-Renewal of Authorized Technology Partner Agreement

Electro Rent Corporation announced that its Authorized Technology Partner (ATP) agreement with Keysight Technologies Inc. will not be renewed after its May 31, 2015 expiration date. Electro Rent will continue to sell used equipment, and rent and lease equipment made by Keysight and other manufacturers, directly to customers in North America and globally. The ATP agreement contributed approximately $52 million in sales revenue to Electro Rent from reseller activities for the first nine months of the current fiscal year.

 

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ELRC Competitors

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Company Last Change
Continental Resources Inc/OK $51.52 USD -0.13
Continental Resources Inc/MA $425.04 USD 0.00
Keysight Technologies Inc $34.48 USD +0.87
McGrath RentCorp $32.20 USD -0.30
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Industry Analysis

ELRC

Industry Average

Valuation ELRC Industry Range
Price/Earnings 15.9x
Price/Sales 1.1x
Price/Book 1.1x
Price/Cash Flow 15.7x
TEV/Sales 1.1x
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