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"Electro Rent Corp. (ELRC:NASDAQ)
Snapshot of Electro Rent Corp. (ELRC)
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OPEN
$10.40
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PREVIOUS CLOSE
$10.48
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DAY HIGH
$10.45
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DAY LOW
$10.22
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52 WEEK HIGH
12/19/08 - $12.44
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52 WEEK LOW
03/2/09 - $6.81
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MARKET CAP
248.2M
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AVERAGE VOLUME 3 mo
36.1K
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DILUTED EPS TTM
$0.38
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SHARES OUTSTANDING
23.9M
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EX-DATE
09/16/09
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P/E TTM
27.0x
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DIVIDEND
$0.60
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DIVIDEND YIELD
5.78%
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ELRC Top Compensated Officers
Executives, Board Directors
Key developments for Electro Rent Corp. (ELRC)
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.
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.
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.
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 |
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| Price/Sales | 2.0x |
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| Price/Book | 1.1x |
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| Price/Cash Flow | 26.5x |
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| TEV/Sales | 1.4x |
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ELRC transactions
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Target | |
| No transactions in the last 6 months. | ||
