Electro Rent Corp. Company Profile (NASDAQ:ELRC)

Analyst Ratings

Consensus Ratings for Electro Rent Corp. (NASDAQ:ELRC) (?)
Ratings Breakdown: 1 Hold Rating(s)
Consensus Rating:Hold (Score: 2.00)
Consensus Price Target: N/A

Analysts' Ratings History for Electro Rent Corp. (NASDAQ:ELRC)
Show:
DateFirmActionRatingPrice TargetActions
5/31/2016SidotiDowngradeBuy -> NeutralView Rating Details  Tweet This Rating  Share This Rating on StockTwits
(Data available from 7/23/2014 forward)

Earnings

Earnings History for Electro Rent Corp. (NASDAQ:ELRC)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallActions
8/11/2016        
4/8/2016Q316$0.11$0.04$39.50 millionViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
1/7/2016Q2$0.13$0.08ViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
10/8/2015Q116$0.14$0.10$53.30 millionViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
8/13/2015Q415$0.17$0.14$58.80 million$60.40 millionViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
4/9/2015Q315$0.20$0.10$56.30 millionViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
1/16/2015Q215$0.20$59.70 millionViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
10/6/2014Q115$0.26$0.20$61.90 millionViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
8/11/2014$0.22$0.19ViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
4/7/2014$0.24$0.19ViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
1/8/2014Q2$0.23$65.20 million$57.90 millionViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
10/3/2013Q114$0.24$0.23$58.50 million$60.20 millionViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
4/8/2013Q3 2013$0.23$0.21$60.10 million$64.70 millionViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
1/9/2013Q213$0.26$61.64 million$65.19 millionViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Electro Rent Corp. (NASDAQ:ELRC)
No earnings estimates for this company have been tracked by MarketBeat.com

Dividends

Current Dividend Information for Electro Rent Corp. (NASDAQ:ELRC)
Annual Dividend:$0.50
Dividend Yield:3.23%
Payout Ratio:135.14% (Based on Trailing 12 Months of Earnings)

Dividend History for Electro Rent Corp. (NASDAQ:ELRC)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable DateShare
3/18/2016quarterly$0.135.06%3/29/20163/31/20164/8/2016Tweet This Announcement  Share This Announcement on StockTwits
12/15/2015quarterly$0.135.31%12/22/201512/24/20151/8/2016Tweet This Announcement  Share This Announcement on StockTwits
9/4/2015quarterly$0.134.76%9/16/20159/18/201510/9/2015Tweet This Announcement  Share This Announcement on StockTwits
6/12/2015quarterly$0.134.73%6/18/20156/22/20157/10/2015Tweet This Announcement  Share This Announcement on StockTwits
3/4/2015quarterly$0.207.94%3/18/20153/20/20154/10/2015Tweet This Announcement  Share This Announcement on StockTwits
12/3/2014quarterly$0.205.7%12/17/201412/19/20141/9/2015Tweet This Announcement  Share This Announcement on StockTwits
9/4/2014quarterly$0.205.28%9/17/20149/19/201410/10/2014Tweet This Announcement  Share This Announcement on StockTwits
6/5/2014quarterly$0.204.82%6/18/20146/20/20147/10/2014Tweet This Announcement  Share This Announcement on StockTwits
3/5/2014quarterly$0.204.33%3/18/20143/20/20144/10/2014Tweet This Announcement  Share This Announcement on StockTwits
12/6/2013quarterly$0.204.09%12/18/201312/20/20131/10/2014Tweet This Announcement  Share This Announcement on StockTwits
8/30/2013quarterly$0.204.57%9/18/20139/20/201310/10/2013Tweet This Announcement  Share This Announcement on StockTwits
6/7/2013quarterly$0.204.57%6/18/20136/20/20137/10/2013Tweet This Announcement  Share This Announcement on StockTwits
3/5/2013quarterly$0.204.74%3/18/20133/20/20134/10/2013Tweet This Announcement  Share This Announcement on StockTwits
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading History for Electro Rent Corp. (NASDAQ:ELRC)
No insider trades for this company have been tracked by MarketBeat.com

Headlines

Latest Headlines for Electro Rent Corp. (NASDAQ:ELRC)
DateHeadline
07/13/16 09:03 PMSHAREHOLDER ALERT: Brodsky & Smith, LLC Files Class Action against Electro Rent Corporation in Connection with the Sale of the Company - ELRC
06/28/16 08:42 AMElectro Rent Corp. (ELRC) Leaped After Platinum Equity Boosted Offer
06/27/16 04:00 PM​Platinum Equity raises bid for Electro Rent to $382 million -
06/24/16 12:01 PMElectro Rent's buyout offer price increased by 18% -
06/24/16 11:44 AMTop Performing Industries For June 24, 2016 - At 10:30 am, the Dow fell 2.22 percent to 17,611.58, the broader Standard & Poor's 500 index moved down 2.38 percent to 2,062.99 and the NASDAQ composite index declined 2.86 percent to 4,769.86. The industries that are still afloat in the market today are: Rental & Leasing Services: This industry gained 2.6 percent by 11:00 am. The top stock within the industry was Electro Rent Corporation (NASDAQ: ELRC), which gained ...Full story available on Benzinga.com
06/24/16 10:39 AMBRIEF-Electro Rent Corp - Termination fees payable to Platinum Equity of $19.1 mln - * Termination fees payable by co to Platinum Equity is increased from $11.3 million to $19.1 million - SEC Filing Source - http://1.usa.gov/28T2VFs Further company coverage: (Bengaluru Newsroom;...
06/24/16 10:36 AMPlatinum Equity Raises Electro Rent (ELRC) Offer to $15.50/Share
06/24/16 10:35 AMElectro Rent Corp. (ELRC) Is Jumping After Platinum Equity Ups Bid
06/24/16 09:22 AMBRIEF-Platinum Equity increases offer for Electro Rent purchase - * Platinum Equity increases Electro Rent purchase price offer to $15.50 per share
06/24/16 08:50 AMPlatinum Equity Increases Electro Rent Purchase Price Offer to $15.50 per Share - [at noodls] - - Previously Announced Merger Agreement Now Valued at more than $382 Million - BEVERLY HILLS and VAN NUYS, Calif. - June 24, 2016 - Platinum EquityandElectro Rent Corporation (Nasdaq: ELRC)today announced ...
06/21/16 03:35 PMInvestor News: Lawsuit against Takeover of Electro Rent Corporation (NASDAQ:ELRC) filed
06/14/16 03:45 PMLawsuit for Investors in Shares of Electro Rent Corporation (NASDAQ:ELRC) Against Takeover Filed
06/14/16 09:17 AMElectro Rent Corp. :ELRC-US: Earnings Analysis: Q3, 2016 By the Numbers : June 14, 2016 -
06/09/16 12:09 PMElectro Rent Corporation Acquisition May Not Be in the Best Interests of ELRC Shareholders - [PR Newswire] - WeissLaw LLP has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties. We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases. If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at [email protected] or fill out the form on our website, http://www.weisslawllp.com/contact/report_fraud/.
06/09/16 10:03 AMINVESTOR ALERT: Levi & Korsinsky, LLP Announces Class Action Challenging the Fairness of the Sale of Electro Rent Corporation to Platinum Equity for $13.12 Per Share - ELRC - [GlobeNewswire] - NEW YORK, June 09, 2016-- The following statement is being issued by Levi & Korsinsky, LLP:. To: All Persons or Entities who purchased Electro Rent Corporation stock prior to May 31, 2016. You are hereby ...
06/08/16 08:40 PMThe Takeover of Electro Rent Corporation (NASDAQ:ELRC) Is Under Investigation for Investors
06/07/16 04:58 PMProxy Statement - Merger or Acquistion (preliminary) - [at noodls] - ELECTRO RENT CORP ELECTRO RENT CORP FORM PREM14A () Filed 06/07/16 for the Period Ending 06/07/16 Address 6060 SEPULVEDA BLVD VAN NUYS, CA 91411-2512 Telephone 8187872100 CIK 0000032166 Symbol ELRC SIC ...
06/06/16 03:41 PMLevi & Korsinsky, LLP Announces Investigation Concerning the Sale of Electro Rent Corporation to Platinum Equity for $13.12 Per Share - ELRC
06/06/16 01:46 PMSHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces Investigation Concerning the Sale of Electro Rent Corporation to Platinum Equity for $13.12 Per Share - ELRC - [Business Wire] - The following statement is being issued by Levi & Korsinsky, LLP:
06/02/16 09:53 PMSHAREHOLDER ALERT:Brodsky& Smith, LLC AnnouncesInvestigationof The Board of Directors of Electro Rent Corporation - ... announces that it is investigating potential claims against the Board of Directors of Electro Rent Corporation ("Electro” or "the Company") (NASDAQ:ELRC) for possible breaches of fiduciary duty and other violations of state law in connection with ...
06/02/16 09:05 PMSHAREHOLDER ALERT: Brodsky & Smith, LLC Announces Investigation of The Board of Directors of Electro Rent Corporation - [Business Wire] - Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Electro Rent Corporation for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Platinum Equity LLC .
06/02/16 04:50 PMINVESTOR ALERT: Brower Piven Commences An Investigation Into The Proposed Sale Of Electro Rent Corporation And Encourages Shareholders To Contact The Firm For Additional Information - [Business Wire] - The securities litigation law firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Electro Rent Corporation relating to the proposed buyout of Electro Rent by Platinum Equity.
06/01/16 04:30 PMBragar Eagel & Squire, P.C. Is Investigating the Board of Directors of Electro Rent Corporation (ELRC) on Behalf of Stockholders and Encourages Investors to Contact the Firm - [Business Wire] - Bragar Eagel & Squire, P.C. is investigating potential claims on behalf of Electro Rent Corporation investors concerning the proposed acquisition of the company by Platinum Equity.
06/01/16 03:29 PMElectro Rent Corp.: Strong price momentum but will it sustain? -
06/01/16 12:05 PMShareholder Alert: Brower Piven Commences An Investigation Into The Proposed Sale Of Electro Rent Corporation And Encourages Investors To Contact The Firm For Additional Information - [Business Wire] - The securities litigation law firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Electro Rent Corporation relating to the proposed buyout of Electro Rent by Platinum Equity.
06/01/16 11:58 AMINVESTOR ALERT: Levi & Korsinsky, LLP Announces Investigation Concerning the Fairness of the Sale of Electro Rent Corporation to Platinum Equity for $13.12 Per Share - ELRC - [PR Newswire] - NEW YORK, June 1, 2016 /PRNewswire/ -- The following statement is being issued by Levi & Korsinsky, LLP: To: All Persons or Entities who purchased Electro Rent Corporation (NASDAQ: ELRC) stock prior to ...
06/01/16 10:07 AMRyan & Maniskas, LLP Announces Investigation of Electro Rent Corporation - [PR Newswire] - WAYNE, Pa., June 1, 2016 /PRNewswire/ -- Ryan & Maniskas, LLP is investigating potential claims against the board of directors of Electro Rent Corporation ("Electro Rent" or the "Company") ...
06/01/16 09:45 AMWolf Popper LLP Investigates Buyout of Electro Rent Corporation by Platinum Equity - [PR Newswire] - NEW YORK, June 1, 2016 /PRNewswire/ -- On May 1, 2016, a private equity firm, Platinum Equity announced that it is acquiring Electro Rent Corporation (NASDAQ: ELRC) for $13.12 per share. According to ...
06/01/16 07:58 AMGaps Up – Seneca (SENEB), Electro Rent (ELRC), Bristow (BRS), Tidewater (TDW) - The company traded at $38.28 + 5.28 (16.00 pct). Electro Rent Corp. (ELRC) had a gap up of 2.28 pts or 21.61 pct above its previous close of $10.55. The company traded at $12.97 + 2.42 (22.89 pct). Bristow Group Inc (BRS) had a gap up of (1.41) pts or -10 ...
06/01/16 07:58 AMElectro Rent Corp. (ELRC) Soared To A New High After Merger Agreement - Electro Rent Corp. (ELRC) announced Tuesday morning that it has agreed to be bought by Platinum Equity for approximately $323.4 million. Electro Rent gapped open sharply higher Tuesday, but was range-bound throughout the session. The stock closed up by 2 ...
06/01/16 07:58 AMShares Trading up at $13.10 (ELRC) ELECTRO RENT INVESTOR ALERT BY THE… - Electro Rent Corporation (NASDAQ:ELRC): ELECTRO RENT INVESTOR ALERT BY THE FORMER ATTORNEY ... On May 31 the company was changed to a “Neutral” by Sidoti & Co. which was a cut from the previous “” rating.
05/31/16 10:01 PMELECTRO RENT INVESTOR ALERT BY THE FORMER ATTORNEY GENERAL OF LOUISIANA: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Electro Rent Corporation - [PR Newswire] - NEW ORLEANS, May 31, 2016 /PRNewswire/ -- Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC ("KSF") are investigating the proposed sale ...
05/31/16 09:38 PMSHAREHOLDER ALERT: Brodsky & Smith, LLC Announces Investigation of The Board of Directors of Electro Rent Corporation - ELRC - [Accesswire] - BALA CYNWYD, PA / ACCESSWIRE / May 31, 2016 / Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Electro Rent Corporation ("Electro" ...
05/31/16 05:53 PMCFO Moves: Electro Rent, Petra Diamonds -
05/31/16 04:28 PMSHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces Investigation Concerning the Fairness of the Sale of Electro Rent Corporation to Platinum Equity - ELRC - [Accesswire] - NEW YORK, NY / ACCESSWIRE / May 31, 2016 / The following statement is being issued by Levi & Korsinsky, LLP: To: All Persons or Entities who purchased Electro Rent Corporation (NASDAQ: ELRC) stock prior ...
05/31/16 04:13 PMHarwood Feffer LLP Announces Investigation of Proposed Acquisition of Electro Rent Corporation (ELRC) - [PR Newswire] - NEW YORK, May 31, 2016 /PRNewswire/ -- Harwood Feffer LLP ( www.hfesq.com ) is investigating potential claims against the board of directors of Electro Rent Corporation ("Electro Rent" or the ...
05/31/16 03:57 PMELECTRO RENT CORPORATION Rigrodsky & Long, P.A. Announces Investigation Of Buyout - ... investigating potential legal claims against the board of directors of Electro Rent Corporation (“Electro Rent” or the “Company”) (NASDAQ GS: ELRC) regarding possible breaches of fiduciary duties and other violations of law related to the ...
05/31/16 03:57 PMElectro Rent Corp. (ELRC) Has Set A New High After Bought By Platinum Equity - Electro Rent Corp. (ELRC) announced Tuesday morning that it has agreed to be bought by Platinum Equity for approximately $323.4 million. Electro Rent gapped open sharply higher Tuesday morning and is now up 2.38 at $12.93. The stock has risen past the ...
05/31/16 03:25 PMSHAREHOLDER ALERT: Pomerantz LLP Investigates Claims That the Merger May Not Be in the Best Interest of Investors of Electro Rent Corporation - ELRC - [PR Newswire] - NEW YORK, May 31, 2016 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Electro Rent Corporation ("Electro Rent" or the "Company") (NASDAQ: ELRC) (ISIN: ...
05/31/16 03:20 PMELECTRO RENT CORPORATION SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation Of Buyout - [Business Wire] - Rigrodsky & Long, P.A.:
05/31/16 02:05 PMRobbins Arroyo LLP: Acquisition of Electro Rent Corporation (ELRC) by Platinum Equity LLC May Not Be in Shareholders' Best Interests - [Business Wire] - Shareholder rights attorneys at Robbins Arroyo LLP are investigating the proposed acquisition of Electro Rent Corp. by Platinum Equity LLC. On May 31, 2016, the two companies announced the signing of a definitive merger agreement pursuant to which Platinum Equity will acquire Electro Rent.
05/31/16 01:34 PMELECTRO RENT CORPORATION SHAREHOLDER ALERT: Former SEC Attorney Willie Briscoe and Powers Taylor LLP Investigate Sale to Platinum Equity - [Business Wire] - Former United States Securities and Exchange Commission attorney Willie Briscoe and the securities litigation firm of Powers Taylor LLP are investigating potential claims against the Board of Directors of Electro Rent Corporation concerning the sale to Platinum Equity.
05/31/16 08:43 AMElectro Rent (ELRC) Alert: Johnson & Weaver, LLP Launches an Investigation into the Fairness of Price and Process in Proposed Sale of Electro Rent Corporation; Are Shareholders Getting a Fair Price? - [PR Newswire] - SAN DIEGO, May 31, 2016 /PRNewswire/ -- Shareholder rights law firm Johnson & Weaver, LLP has launched an investigation into whether the board members of Electro Rent Corporation (NASDAQ: ELRC) breached ...
05/31/16 08:22 AMElectro Rent and Platinum Equity Sign Definitive Merger Agreement - [at noodls] - For more information contact: Roger Pondel/Laurie Berman PondelWilkinson Inc. ... This is an abstract of the original noodl. To continue reading this document, click here for the original version.
05/31/16 08:04 AMELECTRO RENT CORP Files SEC form 8-K, Entry into a Material Definitive Agreement, Material Modification to Rights of -
05/31/16 08:01 AM9:01 am Electro Rent to be acquired by Platinum Equity for $13.12/share in all cash transaction of ~$323.4 mln -
05/12/16 02:27 PMCurrent report filing - Electro Rent Chairman and CEO Dan Greenberg to Retire; Steven Markheim Promoted to Chief Executive Officer; Allen Sciarillo Confirmed as Chief Financial Officer; Karen Curtin Assumes role of Chairman - [at noodls] - ELECTRO RENT CORP FORM 8-K (Current report filing) Filed 05/12/16 for the Period Ending 05/12/16 Address 6060 SEPULVEDA BLVD VAN NUYS, CA 91411-2512 Telephone 8187872100 CIK 0000032166 Symbol ELRC SIC ...
05/12/16 08:00 AMElectro Rent Chairman and CEO Dan Greenberg to Retire; Steven Markheim Promoted to Chief Executive Officer; Allen Sciarillo Confirmed as Chief Financial Officer; Karen Curtin Assumes role of Chairman - [Business Wire] - Electro Rent Corporation today announced that its Chairman and Chief Executive Officer, Daniel Greenberg, who will soon turn 75, will retire effective July 11, 2016 after a more than 40-year career with the company.
04/20/16 01:24 PMETF’s with exposure to Electro Rent Corp. : April 20, 2016 -
01/20/16 10:14 AMElectro Rent Corp. Earnings Analysis: Q2, 2016 By the Numbers -

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About Electro Rent Corp.

Electro Rent Corporation is a United States-based global organization, which is engaged in the rental, lease and sale of new and used electronic test and measurement (T&M) equipment. The Company's Data Products (DP) division offers personal computers from manufacturers, including Dell, Hewlett-Packard (HP), International Business Machines (IBM), Toshiba and Apple. The Company operates in two segments: T&M and DP. The Company purchases T&M equipment from leading manufacturers, such as Keysight Technologies, Inc., Anritsu, Inc., Rohde & Schwarz Gmbh & Co. KG and Tektronix Inc. The Company's customers rent, lease and buy its T&M equipment, and use that equipment primarily in the aerospace and defense, telecommunications, electronics, industrial and semiconductor markets. The Company also sells used T&M and DP equipment that was held for rent and lease.

Industry, Sector and Symbol:
  • Sector: Finance
  • Industry: Rental & Leasing Services
  • Sub-Industry: Technology Distributors
  • Exchange: NASDAQ
  • Symbol: ELRC
  • CUSIP: 28521810
Key Metrics:
  • Previous Close: $15.47
  • 50 Day Moving Average: $14.41
  • 200 Day Moving Average: $10.71
  • P/E Ratio: 41.81
  • P/E Growth: 0.00
  • Market Cap: $374.30M
  • Beta: 1.08
Additional Links:
Electro Rent Corp. (NASDAQ:ELRC) Chart for Saturday, July, 23, 2016