Last $16.02 USD
Change Today -0.04 / -0.25%
Volume 24.6K
ELRC On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 8:10 PM 07/11/14 All times are local (Market data is delayed by at least 15 minutes).

electro rent corp (ELRC) Snapshot

Open
$16.01
Previous Close
$16.06
Day High
$16.10
Day Low
$15.96
52 Week High
11/29/13 - $21.58
52 Week Low
05/20/14 - $14.76
Market Cap
384.6M
Average Volume 10 Days
82.4K
EPS TTM
$0.91
Shares Outstanding
24.0M
EX-Date
06/18/14
P/E TM
17.6x
Dividend
$0.80
Dividend Yield
4.99%
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. Its equipment portfolio consists of personal computers, workstations, and servers; and electrical test and inspection equipment used in the industrial sector, which includes electrical contractors and utility companies and their related support services providers. The company serves its customers through sales offices, and calibration and service centers in the United States, Canada, China, and Europe. Electro Rent Corporation was founded in 1965 and is headquartered in Van Nuys, California.

417 Employees
Last Reported Date: 08/14/13
Founded in 1965

electro rent corp (ELRC) Top Compensated Officers

Chairman and Chief Executive officer
Total Annual Compensation: $655.4K
President and Chief Operating Officer
Total Annual Compensation: $383.1K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $240.9K
Senior Vice President of North American Sales
Total Annual Compensation: $212.3K
Compensation as of Fiscal Year 2013.

electro rent corp (ELRC) Key Developments

Electro Rent Corporation Declares Regular Quarterly Cash Dividend, Payable on July 10, 2014

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 July 10, 2014 to shareholders of record as of June 20, 2014.

Electro Rent Corporation Enters into the EMG Authorized Technology Partner Program Agreement with Agilent Technologies, Inc

On May 29, 2014, Electro Rent Corporation entered into the EMG Authorized Technology Partner Program Agreement /Agreement No. ANT76 with Agilent Technologies Inc., pursuant to which were appointed as a reseller for certain new and used Agilent test and measurement products and services in the United States and Canada. The Reseller Agreement provides that if Agilent enters into a reseller agreement with another reseller in North America, and the terms of such reseller agreement are more favorable to the reseller than the terms provided in the Reseller Agreement, the parties will adjust the terms of the Reseller Agreement to be as favorable to as the other reseller agreement. The term of the Reseller Agreement is twelve months. The Reseller Agreement may only be terminated earlier upon: a breach of certain obligations in the Reseller Agreement; upon the insolvency or bankruptcy of one of the parties; or if acquired by a company that sells new products that compete with the Agilent's product portfolio. The Reseller Agreement replaces and supersedes the EMG US Authorized Technology Partner Agreement dated December 1, 2009, as amended, between Electro Rent and Agilent, which expired according to its terms on May 31, 2014.

Electro Rent Corporation Adopts New By-Laws

On April 10, 2014, the board of directors of Electro Rent Corporation adopted an amendment to by-laws to require that to shareholders submit to advance notice of director nominations or other business intended to be brought before a shareholder meeting. The advance notice requirements are set out in a new Article II, Section 12 of by-laws. The amendment to by-laws became effective immediately upon adoption.

 

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Industry Analysis

ELRC

Industry Average

Valuation ELRC Industry Range
Price/Earnings 17.7x
Price/Sales 1.6x
Price/Book 1.7x
Price/Cash Flow 17.4x
TEV/Sales 1.6x
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