Last $16.42 USD
Change Today +0.07 / 0.43%
Volume 15.9K
ELRC On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 8:10 PM 04/16/14 All times are local (Market data is delayed by at least 15 minutes).

electro rent corp (ELRC) Snapshot

Open
$16.42
Previous Close
$16.35
Day High
$16.54
Day Low
$16.20
52 Week High
11/29/13 - $21.58
52 Week Low
02/3/14 - $15.68
Market Cap
394.2M
Average Volume 10 Days
42.2K
EPS TTM
$0.91
Shares Outstanding
24.0M
EX-Date
03/18/14
P/E TM
18.1x
Dividend
$0.80
Dividend Yield
4.87%
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 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.

Electro Rent Corporation Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended February 28, 2014

Electro Rent Corporation announced unaudited consolidated earnings results for the third quarter and nine months ended February 28, 2014. For the quarter, the company reported total revenues were $62.0 million, compared with $64.7 million last year. Rental and lease revenues equaled $32.5 million for the 2014 third fiscal quarter, versus $32.8 million one year ago. Sales of equipment and other revenues were $29.5 million for the third quarter of fiscal 2014, compared with $31.8 million for the prior-year period. Operating profit was $7.2 million, or 11.6% of total revenues, compared with $8.4 million, or 13.0% of total revenues, for the third quarter of fiscal 2013. Net income was $4.5 million, or $0.19 per basic and diluted share versus $5.0 million, or $0.21 per basic and diluted share, for the same quarter last year. The company's effective tax rate was 37.8% for the third quarter of fiscal 2014, compared with 40.3% for the same quarter last year. The decrease was principally related to a decline in foreign losses for which the company records valuation allowances and therefore does not recognize a tax benefit. Income before income taxes was $7,291,000 compared to $8,437,000 for the same period a year ago. For the nine months, the company reported total revenues were $180.1 million, compared with $188.4 million a year ago. Rental and lease revenues for the fiscal 2014 year-to-date period were $103.3 million, versus $101.1 million for the fiscal 2013 year-to-date period. Equipment sales and other revenues were $76.7 million for the nine months ended February 28, 2014, compared with $87.3 million for the same period last year. Operating profit totaled $24.9 million, or 13.8% of total revenue, compared with $26.9 million, or 14.3% of total revenue, in the prior-year period. Net income was amounted to $15.8 million, or $0.65 per basic and diluted share, versus $16.4 million, or $0.68 per basic and diluted share, for the fiscal 2013 period. Income before income taxes was $25,158,000 compared to $27,285,000 for the same period a year ago.

Electro Rent Corporation Declares Regular Quarterly Cash Dividend, Payable on April 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 April 10, 2014 to shareholders of record as of March 20, 2014.

 

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Price/Sales 1.7x
Price/Book 1.7x
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