Electro Rent Corp. Company Profile (NASDAQ:ELRC)

About Electro Rent Corp.

Electro Rent Corp. logoElectro 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: $15.50
  • 50 Day Moving Average: $15.32
  • 200 Day Moving Average: $11.39
  • 52-Week Range: $7.30 - $15.57
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: 23.85
  • P/E Growth: 0.00
  • Market Cap: $N/A
  • Beta: 1.05
Additional Links:
Companies Related to Electro Rent Corp.:

Analyst Ratings

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

Analysts' Ratings History for Electro Rent Corp. (NASDAQ:ELRC)
Show:
DateFirmActionRatingPrice TargetDetails
5/31/2016SidotiDowngradeBuy -> NeutralView Rating Details
(Data available from 8/31/2014 forward)

Earnings

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

Estimates

Earnings Estimates for Electro Rent Corp. (NASDAQ:ELRC)
Current Year EPS Consensus Estimate: $0.35 EPS
Next Year EPS Consensus Estimate: $0.65 EPS

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)
142.86% (Based on Current Year Consensus EPS Estimate)
76.92% (Based on Next Year Consensus EPS Estimate)

Dividend History for Electro Rent Corp. (NASDAQ:ELRC)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
3/18/2016quarterly$0.135.06%3/29/20163/31/20164/8/2016
12/15/2015quarterly$0.135.31%12/22/201512/24/20151/8/2016
9/4/2015quarterly$0.134.76%9/16/20159/18/201510/9/2015
6/12/2015quarterly$0.134.73%6/18/20156/22/20157/10/2015
3/4/2015quarterly$0.207.94%3/18/20153/20/20154/10/2015
12/3/2014quarterly$0.205.7%12/17/201412/19/20141/9/2015
9/4/2014quarterly$0.205.28%9/17/20149/19/201410/10/2014
6/5/2014quarterly$0.204.82%6/18/20146/20/20147/10/2014
3/5/2014quarterly$0.204.33%3/18/20143/20/20144/10/2014
12/6/2013quarterly$0.204.09%12/18/201312/20/20131/10/2014
8/30/2013quarterly$0.204.57%9/18/20139/20/201310/10/2013
6/7/2013quarterly$0.204.57%6/18/20136/20/20137/10/2013
3/5/2013quarterly$0.204.74%3/18/20133/20/20134/10/2013
(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
mysmartrend.com logoShares of ELRC Up 53.1% Since Uptrend Call on Shares (NASDAQ:ELRC)
www.mysmartrend.com - August 25 at 8:42 PM
mysmartrend.com logoElectro Rent Shares Up 53.1% Since SmarTrend's Buy Recommendation (ELRC) (NASDAQ:ELRC)
www.mysmartrend.com - August 18 at 6:56 AM
News IconPlatinum pays $382M for Electro Rent (NASDAQ:ELRC)
pitchbook.com - August 12 at 9:57 PM
News IconElectro Rent goes private with Platinum Equity (NASDAQ:ELRC)
www.pehub.com - August 11 at 4:56 PM
News IconPlatinum Equity Buys Electro Rent in Take-Private Deal (NASDAQ:ELRC)
www.themiddlemarket.com - August 11 at 4:56 PM
mysmartrend.com logoElectro Rent Shares Up 53.0% Since SmarTrend's Buy Recommendation (ELRC) (NASDAQ:ELRC)
www.mysmartrend.com - August 11 at 4:56 PM
biz.yahoo.com logoELECTRO RENT CORP Files SEC form 8-K, Entry into a Material Definitive Agreement, Termination of a Material Definitiv (NASDAQ:ELRC)
biz.yahoo.com - August 10 at 11:00 PM
publicnow.com logoPlatinum Equity Completes Acquisition of Electro Rent (NASDAQ:ELRC)
www.publicnow.com - August 10 at 11:00 PM
biz.yahoo.com logoELECTRO RENT CORP Files SEC form 10-K, Annual Report (NASDAQ:ELRC)
biz.yahoo.com - August 9 at 9:03 PM
4-traders.com logoElectro Rent : Shareholders Approve Acquisition by Platinum Equity (NASDAQ:ELRC)
www.4-traders.com - August 8 at 10:09 PM
seekingalpha.com logoElectro Rent shareholders OK Platinum Equity buyout (NASDAQ:ELRC)
seekingalpha.com - August 5 at 7:25 PM
finance.yahoo.com logoElectro Rent Shareholders Approve Acquisition by Platinum Equity (NASDAQ:ELRC)
finance.yahoo.com - August 5 at 4:51 PM
biz.yahoo.com logoELECTRO RENT CORP Files SEC form 8-K, Submission of Matters to a Vote of Security Holders, Other Events, Financial St (NASDAQ:ELRC)
biz.yahoo.com - August 5 at 4:51 PM
News IconElectro Rent Becomes Authorized Preferred Reseller and Rental Partner for IMST, GmbH (NASDAQ:ELRC)
www.mobilitytechzone.com - July 28 at 9:17 PM
bizjournals.com logoSHAREHOLDER ALERT: Brodsky & Smith, LLC Files Class Action against Electro Rent Corporation in Connection with the Sale of the Company - ELRC (NASDAQ:ELRC)
www.bizjournals.com - July 13 at 10:03 PM
rttnews.com logoElectro Rent Corp. (ELRC) Leaped After Platinum Equity Boosted Offer (NASDAQ:ELRC)
www.rttnews.com - June 28 at 9:42 AM
bizjournals.com logo​Platinum Equity raises bid for Electro Rent to $382 million (NASDAQ:ELRC)
www.bizjournals.com - June 27 at 5:00 PM
seekingalpha.com logoElectro Rent's buyout offer price increased by 18% (NASDAQ:ELRC)
seekingalpha.com - June 24 at 1:01 PM
feeds.benzinga.com logoTop Performing Industries For June 24, 2016 (NASDAQ:ELRC)
feeds.benzinga.com - June 24 at 12:44 PM
feeds.reuters.com logoBRIEF-Electro Rent Corp - Termination fees payable to Platinum Equity of $19.1 mln (NASDAQ:ELRC)
feeds.reuters.com - June 24 at 11:39 AM
streetinsider.com logoPlatinum Equity Raises Electro Rent (ELRC) Offer to $15.50/Share (NASDAQ:ELRC)
www.streetinsider.com - June 24 at 11:36 AM
rttnews.com logoElectro Rent Corp. (ELRC) Is Jumping After Platinum Equity Ups Bid (NASDAQ:ELRC)
www.rttnews.com - June 24 at 11:35 AM
feeds.reuters.com logoBRIEF-Platinum Equity increases offer for Electro Rent purchase (NASDAQ:ELRC)
feeds.reuters.com - June 24 at 10:22 AM
publicnow.com logoPlatinum Equity Increases Electro Rent Purchase Price Offer to $15.50 per Share (NASDAQ:ELRC)
www.publicnow.com - June 24 at 9:50 AM
News IconInvestor News: Lawsuit against Takeover of Electro Rent Corporation (NASDAQ:ELRC) filed (NASDAQ:ELRC)
www.groundreport.com - June 21 at 4:35 PM
News IconLawsuit for Investors in Shares of Electro Rent Corporation (NASDAQ:ELRC) Against Takeover Filed (NASDAQ:ELRC)
www.ssuchronicle.com - June 14 at 4:45 PM
capitalcube.com logoElectro Rent Corp. :ELRC-US: Earnings Analysis: Q3, 2016 By the Numbers : June 14, 2016 (NASDAQ:ELRC)
www.capitalcube.com - June 14 at 10:17 AM
finance.yahoo.com logoElectro Rent Corporation Acquisition May Not Be in the Best Interests of ELRC Shareholders (NASDAQ:ELRC)
finance.yahoo.com - June 9 at 1:09 PM
finance.yahoo.com logoINVESTOR 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 (NASDAQ:ELRC)
finance.yahoo.com - June 9 at 11:03 AM
sbwire.com logoThe Takeover of Electro Rent Corporation (NASDAQ:ELRC) Is Under Investigation for Investors (NASDAQ:ELRC)
www.sbwire.com - June 8 at 9:40 PM
publicnow.com logoProxy Statement - Merger or Acquistion (preliminary) (NASDAQ:ELRC)
www.publicnow.com - June 7 at 5:58 PM
4-traders.com logoLevi & Korsinsky, LLP Announces Investigation Concerning the Sale of Electro Rent Corporation to Platinum Equity for $13.12 Per Share - ELRC (NASDAQ:ELRC)
www.4-traders.com - June 6 at 4:41 PM
finance.yahoo.com logoSHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces Investigation Concerning the Sale of Electro Rent Corporation to Platinum Equity for $13.12 Per Share - ELRC (NASDAQ:ELRC)
finance.yahoo.com - June 6 at 2:46 PM
marketwatch.com logoSHAREHOLDER ALERT:Brodsky& Smith, LLC AnnouncesInvestigationof The Board of Directors of Electro Rent Corporation (NASDAQ:ELRC)
www.marketwatch.com - June 2 at 10:53 PM
finance.yahoo.com logoSHAREHOLDER ALERT: Brodsky & Smith, LLC Announces Investigation of The Board of Directors of Electro Rent Corporation (NASDAQ:ELRC)
finance.yahoo.com - June 2 at 10:05 PM
finance.yahoo.com logoINVESTOR ALERT: Brower Piven Commences An Investigation Into The Proposed Sale Of Electro Rent Corporation And Encourages Shareholders To Contact The Firm For Additional Information (NASDAQ:ELRC)
finance.yahoo.com - June 2 at 5:50 PM
finance.yahoo.com logoBragar 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 (NASDAQ:ELRC)
finance.yahoo.com - June 1 at 5:30 PM
capitalcube.com logoElectro Rent Corp.: Strong price momentum but will it sustain? (NASDAQ:ELRC)
www.capitalcube.com - June 1 at 4:29 PM
finance.yahoo.com logoShareholder Alert: Brower Piven Commences An Investigation Into The Proposed Sale Of Electro Rent Corporation And Encourages Investors To Contact The Firm For Additional Information (NASDAQ:ELRC)
finance.yahoo.com - June 1 at 1:05 PM
finance.yahoo.com logoINVESTOR 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 (NASDAQ:ELRC)
finance.yahoo.com - June 1 at 12:58 PM
finance.yahoo.com logoRyan & Maniskas, LLP Announces Investigation of Electro Rent Corporation (NASDAQ:ELRC)
finance.yahoo.com - June 1 at 11:07 AM
finance.yahoo.com logoWolf Popper LLP Investigates Buyout of Electro Rent Corporation by Platinum Equity (NASDAQ:ELRC)
finance.yahoo.com - June 1 at 10:45 AM
fxpips.com logoGaps Up – Seneca (SENEB), Electro Rent (ELRC), Bristow (BRS), Tidewater (TDW) (NASDAQ:ELRC)
www.fxpips.com - June 1 at 8:58 AM
rttnews.com logoElectro Rent Corp. (ELRC) Soared To A New High After Merger Agreement (NASDAQ:ELRC)
www.rttnews.com - June 1 at 8:58 AM
fidaily.com logoShares Trading up at $13.10 (ELRC) ELECTRO RENT INVESTOR ALERT BY THE… (NASDAQ:ELRC)
www.fidaily.com - June 1 at 8:58 AM
finance.yahoo.com logoELECTRO 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 (NASDAQ:ELRC)
finance.yahoo.com - May 31 at 11:01 PM
finance.yahoo.com logoSHAREHOLDER ALERT: Brodsky & Smith, LLC Announces Investigation of The Board of Directors of Electro Rent Corporation - ELRC (NASDAQ:ELRC)
finance.yahoo.com - May 31 at 10:38 PM
wsj.com logoCFO Moves: Electro Rent, Petra Diamonds (NASDAQ:ELRC)
blogs.wsj.com - May 31 at 6:53 PM
finance.yahoo.com logoSHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces Investigation Concerning the Fairness of the Sale of Electro Rent Corporation to Platinum Equity - ELRC (NASDAQ:ELRC)
finance.yahoo.com - May 31 at 5:28 PM
finance.yahoo.com logoHarwood Feffer LLP Announces Investigation of Proposed Acquisition of Electro Rent Corporation (ELRC) (NASDAQ:ELRC)
finance.yahoo.com - May 31 at 5:13 PM

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Electro Rent Corp. (NASDAQ:ELRC) Chart for Wednesday, August, 31, 2016


Last Updated on 8/31/2016 by MarketBeat.com Staff