Last $15.03 USD
Change Today +0.15 / 1.01%
Volume 16.8K
As of 8:10 PM 09/18/14 All times are local (Market data is delayed by at least 15 minutes).

electro rent corp (ELRC) Snapshot

Open
$14.91
Previous Close
$14.88
Day High
$15.13
Day Low
$14.91
52 Week High
11/29/13 - $21.58
52 Week Low
05/20/14 - $14.76
Market Cap
360.8M
Average Volume 10 Days
23.5K
EPS TTM
$0.84
Shares Outstanding
24.0M
EX-Date
09/17/14
P/E TM
17.8x
Dividend
$0.80
Dividend Yield
5.32%
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 Declares Regular Quarterly Cash Dividend Payable on October 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 October 10, 2014 to shareholders of record as of September 19, 2014.

Electro Rent Corporation Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended May 31, 2014

Electro Rent Corporation announced unaudited consolidated earnings results for the fourth quarter and full year ended May 31, 2014. For the quarter, the company announced total revenues of $61,077,000 compared to $60,366,000 for the same period a year ago. Operating profit was $7,256,000 compared to $9,770,000 for the same period a year ago. Income before income taxes was $7,368,000 compared to $9,828,000 for the same period a year ago. Net income was $4,593,000 compared to $6,392,000 for the same period a year ago. Basic and diluted earnings per share were $0.19 compared to $0.26 for the same period a year ago. The decline in operating profit was primarily reflected an increase in lower margin sales, which was more than offset by decreases in higher margin rentals and other revenues, as well as increased SG&A expenses. For the full year, the company announced total revenues of $241,137,000 compared to $248,731,000 for the same period a year ago. Operating profit was $32,139,000 compared to $36,711,000 for the same period a year ago. Income before income taxes was $32,526,000 compared to $37,113,000 for the same period a year ago. Net income was $20,408,000 compared to $22,754,000 for the same period a year ago. Basic and diluted earnings per share were $0.84 compared to $0.94 for the same period a year ago.

Electro Rent Promotes Eric Williams to Role of Vice President, Sales

Electro Rent Corporation announced that Eric Williams has been promoted to the newly created position of Vice President, Sales in recognition of his contribution to Electro Rent since joining the company from Agilent in 2009. Prior to his promotion, Williams was Electro Rent's National Sales Director for the company's Agilent sales channel. Before joining Electro Rent, Williams held a number of sales and sales management positions with increasing responsibility for Agilent from 1999 to 2009. Williams will report to Senior Vice President, North American Sales, Herb Ostenberg.

 

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Continental Resources Inc/OK $70.05 USD -5.77
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ELRC

Industry Average

Valuation ELRC Industry Range
Price/Earnings 17.8x
Price/Sales 1.5x
Price/Book 1.5x
Price/Cash Flow 17.5x
TEV/Sales 1.5x
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