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ELRC Electro Rent Corporation featured news, full reports, and detailed charts

Electro Rent Corporation (ELRC) Wrap Up:

Electro Rent was incorporated in California in 1965 and became a publicly held corporation on March 31, 1980. We primarily engage in the rental, lease and sale of state-of-the-art electronic equipment, primarily test and measurement (“T&M”) equipment and personal computer-related data products (“DP”) equipment. In fiscal 2007, 77% of our rental and lease revenues were derived from T&M equipment. This percentage decreased from the prior year period as a result of the acquisition of Rush Computer Rentals, Inc. (“Rush”) on January 31, 2006, and its on-going DP revenues. Excluding the effect of the Rush acquisition, DP revenues have stabilized over the last three fiscal years, while our T&M business grew due to T&M activity in telecommunications, aerospace and defense markets. In fiscal 2007, rental revenues comprised 82% of our rental and lease revenues.  ... More..."http://secfilings.nasdaq.com/edgar_conv_html%2f2007%2f08%2f13%2f0000950124-07-004195.html#FIS_BUSINESS"   
www.electrorent.com
296 Employees
Founded in 1965

Electro Rent Corp. (ELRC:NASDAQ)

LAST $10.38 USD
CHANGE TODAY -0.10 -0.95%
VOLUME 46.8K
As of 4:00 PM 11/20/09 All times are local (Market data by Reuters is delayed by at least 15 minutes).

Snapshot of Electro Rent Corp. (ELRC)

OPEN
$10.40
PREVIOUS CLOSE
$10.48
DAY HIGH
$10.45
DAY LOW
$10.22
52 WEEK HIGH
12/19/08 - $12.44
52 WEEK LOW
03/2/09 - $6.81
MARKET CAP
248.2M
AVERAGE VOLUME 3 mo
36.1K
DILUTED EPS TTM
$0.38
SHARES OUTSTANDING
23.9M
EX-DATE
09/16/09
P/E TTM
27.0x
DIVIDEND
$0.60
DIVIDEND YIELD
5.78%
K = Thousands  M = Millions  B = Billions

ELRC Top Compensated Officers

Mr. Daniel Greenberg
Chairman and Chief Executive Officer
Age: 68
Total Annual Compensation: $450.0K
Mr. Steven Markheimn
President and Chief Operating Officer
Age: 56
Total Annual Compensation: $309.0K
Mr. Craig R. Jones
Chief Financial Officer, Principal Accounting...
Age: 63
Total Annual Compensation: $222.0K

Executives, Board Directors

Compensation as of Fiscal Year 2009.

Key developments for Electro Rent Corp. (ELRC)

Agilent Technologies Inc. Names Electro Rent Corp. as Sole Authorized Technology Partner in United States and Canada

Electro Rent Corp. announced that it was selected as Agilent Technologies Inc.'s sole Authorized Technology Partner (ATP) for the United States and Canada. The newly signed agreement, effective December 1, will provide customers an additional way to purchase Agilent's electronic test and measurement products.

Herb Ostenberg Joins Electro Rent as National Sales Director, ATP Channel

Electro Rent Corp. announced the appointment of Herb Ostenberg to the newly created position of National Sales Director, Advanced Technology Partner Channel. Ostenberg will lead the sales organization devoted to servicing Agilent's customer base. Ostenberg, spent part of the last 10 years at Agilent as National Sales Manager and Vice President and General Manager, where he was responsible for leading the company's sales, support, marketing and order management functions for the Americas, as well as developing the sales team strategy for the western United States and Canada.

Herb Ostenberg Joins Electro Rent as National Sales Director, ATP Channel

Electro Rent Corp. announced the appointment of Herb Ostenberg to the newly created position of National Sales Director, Advanced Technology Partner Channel. Earlier this week, Electro Rent was named Agilent Technology's sole ATP for the United States and Canada. Ostenberg will lead the sales organization devoted to servicing Agilent's customer base. As previously announced, Electro Rent expects to hire 50 employees in support of this new channel.

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ELRC Competitors

Company Last Change
Continental Resources Inc $36.75 USD -0.85
McGrath Rentcorp $20.30 USD -0.03
Orix Corporation ¥6,050 JPY +130.00
Market data is delayed at least 20 minutes.

Industry Analysis

Valuation ELRC Industry Range
Price/Earnings 27.1x
Price/Sales 2.0x
Price/Book 1.1x
Price/Cash Flow 26.5x
TEV/Sales 1.4x

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