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Profile - Electro Rent Corporation (NasdaqNM:ELRC)
As of 31-Aug-2001
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More Info: Quote | Chart | News | Profile | Research | SEC | Msgs | Insider | Financials
Recent Events
Aug 13Earnings Announcement
Location
6060 Sepulveda Boulevard
Van Nuys, CA 91411
Phone: (818) 786-2525
Fax: (818) 786-4354
Employees (last reported count): 597
Financial Links
 ·Top Institutional Holders
 ·Top Mutual Fund Holders
 ·Historical Quote Data
 ·Raw SEC Filings at sec.gov
Competitors:
 ·Sector: Services
 ·Industry: Rental & Leasing
Company Websites
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Ownership
·Insider and 5%+ Owners: 51%
·Over the last 6 months:
 · 5 insider sells; 18.0K shares
  (0.1% of insider shares)
·Institutional: 72% (147% of float)
(103 institutions)
·Net Inst. Buying: 171.0K shares (+0.96%)
(prior quarter to latest quarter)
More From Market Guide
 ·Highlights
 ·Performance
 ·Ratio Comparisons
Business Summary
Electro Rent Corporation primarily engages in the rental, lease and sale of state-of-the-art electronic equipment. About 51% of the Company's equipment portfolio at acquisition cost is composed of general-purpose test and measurement instruments purchased from leading manufacturers such as Agilent Technologies and Tektronix. The remainder comprises personal computers and workstations. Personal computer lines include those from Compaq, Dell, IBM, Apple, and Toshiba, while workstations are purchased primarily from Sun Microsystems and Hewlett Packard. A large part of its equipment portfolio is rented or leased to Fortune 500 companies in the aerospace, defense, electronics and telecommunications industries.
More from Market Guide: Expanded Business Description

Financial Summary
Electro Rent Corporation primarily engages in rental lease and sale of state-of-the-art electronic equipment. ELRC rents general purpose test and measurement instruments and personal computers and workstations. For the fiscal year ended 5/31/01, revenues fell 13% to $211.2 million. Earnings rose 24% to $30.7 million. Revenues reflect attrition of the TMS business and a weak PC market. Net income reflects lower depreciation charges and repayment of all bank borrowings.
More from Market Guide: Significant Developments

Officers[Insider Trade Data]
FY2000 Compensation
PayExer

Daniel Greenberg, 59
Chairman, CEO
$785K--  
William Weitzman, 61
Pres, COO, Director
696K$423K
Gary Phillips, 48
Sr. VP
411K410K
Craig Jones, 54
VP, CFO
202K--  
Peter Shapiro, 56
VP- HR
--  --  
Dollar amounts are as of 31-May-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year.
More from Market Guide on Officers & Directors:
Expanded List, Bios, Compensation, Options
Statistics at a Glance -- NasdaqNM:ELRCAs of 31-Aug-2001
Price and Volume
52-Week Low
on 4-Dec-2000
$11.063
Recent Price$15.20 
52-Week High
on 16-Jan-2001
$18.375
Beta0.75 
Daily Volume (3-month avg)15.5K
Daily Volume (10-day avg)13.0K
Stock Performance
[one-year price graph]
big chart [1d | 5d | 3m | 6m | 1y | 2y | 5y | max]
52-Week Change+24.1%
52-Week Change
relative to S&P500
+66.5%
Share-Related Items
Market Capitalization$372.8M
Shares Outstanding24.5M
Float12.0M
Dividends & Splits
Annual Dividendnone 
Last Split: 2 for 1 on 13-May-1998
Per-Share Data
Book Value (mrq)$10.21 
Earnings (ttm)$1.24 
Earnings (mrq)$0.23 
Sales (ttm)$8.53 
Cash (mrq)$2.50 
Valuation Ratios
Price/Book (mrq)1.49 
Price/Earnings (ttm)12.25 
Price/Sales (ttm)1.78 
Income Statements
Sales (ttm)$211.2M
EBITDA (ttm)$121.6M
Income available to common (ttm)$30.7M
Profitability
Profit Margin (ttm)14.5%
Operating Margin (ttm)23.5%
Fiscal Year
Fiscal Year EndsMay 31
Most recent quarter31-May-2001
Management Effectiveness
Return on Assets (ttm)10.15%
Return on Equity (ttm)13.01%
Financial Strength
Current RatioN/A 
Debt/Equity (mrq)0 
Total Cash (mrq)$61.1M
Short Interest
As of 8-Aug-2001
Shares Short36.0K
Percent of Float0.3%
Shares Short
(Prior Month)
8,000 
Short Ratio2.40 
Daily Volume15.0K
See Profile Help for a description of each item above;   K = thousands;   M = millions;   mrq = most-recent quarter;   ttm = trailing twelve months;   (as of 31-May-2001)

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