Recent News
On July 29, 2025 the company announced a pre-recorded audio webcast for the financial community to present second-quarter results, scheduled for Aug. 8, with a press release to follow after market close on Aug. 7.
Technical Analysis
ADX at 28.4 signals a strong directional environment; that strength amplifies any directional bias detected by the DIs and moving averages and therefore heightens near-term price responsiveness to momentum shifts.
DI- at 33.3 and DI+ at 17.25, with both readings decreasing, place DI- above DI+ while DI- decreases; that configuration translates into a bullish directional reading under current rules, but the gap between DI- and DI+ supports caution because price remains below several key moving averages.
MACD sits negative at -8.98 while the MACD trend shows a dip-and-reversal, indicating early-stage bullish momentum. MACD remains below its signal line (-7.94), so momentum recovery lacks a confirmed bullish crossover and therefore qualifies as tentative.
MRO at -37.43 indicates the price sits materially below the model target and therefore holds upside potential; the MRO dip-and-reversal points toward a shift from oversold dynamics toward mean reversion pressure.
RSI at 41.39 and declining signals waning buying pressure and scope for further downside before oversold thresholds appear. That reading complements price positioned under the 20-, 50-, and 200-day averages, which biases the near-term toward consolidation or lower ranges.
Price relationships: last close $315.99 sits below the 20-day average ($322.87), 50-day average ($346.27), and 200-day average ($376.13), indicating the medium-term moving-average structure favors sellers. Bollinger bands place the close slightly above the 1x lower band ($313.54), providing a small technical cushion against immediate downside but not sufficient to signal a reversal.
Ichimoku components (Tenkan $325.95, Kijun $339.50, cloud Senkou A $362.17 / Senkou B $355.84) keep the price beneath the base lines and below the cloud, reinforcing a bearish baseline until price clears those levels.
Fundamental Analysis
Earnings per share arrived at $3.35 versus an estimate of $3.55, producing an EPS surprise of -5.63%. The company reported Q2 net income from continuing operations at $174,685,000 for the quarter ending June 30, 2025, with the report dated Aug. 7, 2025.
Profitability and cash flow: return on equity equal to 8.00% and return on assets equal to 5.73% reflect above-average returns relative to many peers; operating cash flow reached $157,009,000 and free cash flow totaled $157,319,000, generating a free-cash-flow yield of 0.84% and a cash-flow margin of 12.15%. Free cash growth stood at 77.87% year-over-year while free cash to net income equaled 90.06%, supporting the dividend strategy given a dividend payout ratio of 36.39% and dividend coverage of 2.75x.
Revenue and earnings growth: reported revenue growth at 6.05% contrasts with a revenue growth YoY figure of -46.83% in the provided metrics; earnings growth listed at 26.42% while earnings growth YoY registered -16.18%. Quarter-to-quarter dynamics show notable volatility: several QoQ metrics show contraction while multi-period measures retain positive elements. Use of these figures requires attention to the reporting period dates.
Valuation: P/E at 107.30 and forward P/E near 109.94 denote a steep multiple relative to fundamentals. Price-to-book at 8.59 sits above the industry peer range high of 6.97 and therefore classifies as above the industry peer range. PEG at 4.06 compares slightly above the industry peer mean of 4.02. Price-to-sales at 14.52 likewise runs above the industry peer mean of 5.92. WMDST values the stock as over-valued under current inputs.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2025-06-30 |
| REPORT DATE: | 2025-08-07 |
| NEXT REPORT DATE: | 2025-10-23 |
| CASH FLOW | Begin Period Cash Flow | $ 260.4 M |
| Operating Cash Flow | $ 157.0 M | |
| Capital Expenditures | $ -20.26 M | |
| Change In Working Capital | $ -174.69 M | |
| Dividends Paid | $ -63.57 M | |
| Cash Flow Delta | $ 97.6 M | |
| End Period Cash Flow | $ 358.0 M | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 1.3 B | |
| Forward Revenue | $ 324.0 M | |
| COSTS | ||
| Cost Of Revenue | — | |
| Depreciation | — | |
| Depreciation and Amortization | — | |
| Research and Development | — | |
| Total Operating Expenses | $ 1.1 B | |
| PROFITABILITY | ||
| Gross Profit | — | |
| EBITDA | — | |
| EBIT | — | |
| Operating Income | — | |
| Interest Income | — | |
| Interest Expense | — | |
| Net Interest Income | — | |
| Income Before Tax | $ 220.7 M | |
| Tax Provision | $ 46.1 M | |
| Tax Rate | 20.9 % | |
| Net Income | $ 174.7 M | |
| Net Income From Continuing Operations | $ 174.7 M | |
| EARNINGS | ||
| EPS Estimate | $ 3.55 | |
| EPS Actual | $ 3.35 | |
| EPS Difference | $ -0.20 | |
| EPS Surprise | -5.634 % | |
| Forward EPS | $ 3.35 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 3.1 B | |
| Intangible Assets | — | |
| Net Tangible Assets | $ 2.2 B | |
| Total Current Assets | — | |
| Cash and Short-Term Investments | $ 391.3 M | |
| Cash | $ 332.1 M | |
| Net Receivables | — | |
| Inventory | — | |
| Long-Term Investments | — | |
| LIABILITIES | ||
| Accounts Payable | $ 193.0 M | |
| Short-Term Debt | — | |
| Total Current Liabilities | — | |
| Net Debt | — | |
| Total Debt | — | |
| Total Liabilities | $ 943.7 M | |
| EQUITY | ||
| Total Equity | $ 2.2 B | |
| Retained Earnings | $ 3.3 B | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 41.78 | |
| Shares Outstanding | 52.290 M | |
| Revenue Per-Share | $ 24.72 | |
| VALUATION | Market Capitalization | $ 18.8 B |
| Enterprise Value | — | |
| Enterprise Multiple | — | |
| Enterprise Multiple QoQ | — | |
| Enterprise Multiple YoY | — | |
| Enterprise Multiple IPRWA | — | |
| EV/R | — | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 1.432 | |
| Asset To Liability | 3.315 | |
| Debt To Capital | — | |
| Debt To Assets | — | |
| Debt To Assets QoQ | — | |
| Debt To Assets YoY | — | |
| Debt To Assets IPRWA | — | |
| Debt To Equity | — | |
| Debt To Equity QoQ | — | |
| Debt To Equity YoY | — | |
| Debt To Equity IPRWA | — | |
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 8.591 | |
| Price To Book QoQ | -17.535 % | |
| Price To Book YoY | -18.762 % | |
| Price To Book IPRWA | ERIE: 8.591 high: 6.975 mean: 2.82 median: 2.405 low: 0.349 |
|
| Price To Earnings (P/E) | 107.296 | |
| Price To Earnings QoQ | -30.963 % | |
| Price To Earnings YoY | -9.193 % | |
| Price To Earnings IPRWA | ERIE: 107.296 high: 103.631 median: 54.538 mean: 49.5 low: -63.287 |
|
| PE/G Ratio | 4.062 | |
| Price To Sales (P/S) | 14.52 | |
| Price To Sales QoQ | -17.834 % | |
| Price To Sales YoY | -9.108 % | |
| Price To Sales IPRWA | high: 17.832 ERIE: 14.52 median: 6.744 mean: 5.923 low: 0.913 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 109.942 | |
| Forward PE/G | 4.162 | |
| Forward P/S | 57.919 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | — | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.424 | |
| Asset Turnover Ratio QoQ | 1.884 % | |
| Asset Turnover Ratio YoY | -8.098 % | |
| Asset Turnover Ratio IPRWA | ERIE: 0.424 high: 0.263 mean: 0.119 median: 0.088 low: 0.007 |
|
| Receivables Turnover | — | |
| Receivables Turnover Ratio QoQ | — | |
| Receivables Turnover Ratio YoY | — | |
| Receivables Turnover Ratio IPRWA | — | |
| Inventory Turnover | — | |
| Inventory Turnover Ratio QoQ | — | |
| Inventory Turnover Ratio YoY | — | |
| Inventory Turnover Ratio IPRWA | — | |
| Days Sales Outstanding (DSO) | — | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | — | |
| Cash Conversion Cycle Days QoQ | — | |
| Cash Conversion Cycle Days YoY | — | |
| Cash Conversion Cycle Days IPRWA | — | |
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | — | |
| CapEx To Revenue | -0.016 | |
| CapEx To Depreciation | — | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 2.2 B | |
| Net Invested Capital | $ 2.2 B | |
| Invested Capital | $ 2.2 B | |
| Net Tangible Assets | $ 2.2 B | |
| Net Working Capital | — | |
| LIQUIDITY | ||
| Cash Ratio | — | |
| Current Ratio | — | |
| Current Ratio QoQ | — | |
| Current Ratio YoY | — | |
| Current Ratio IPRWA | — | |
| Quick Ratio | — | |
| Quick Ratio QoQ | — | |
| Quick Ratio YoY | — | |
| Quick Ratio IPRWA | — | |
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | — | |
| Cost Of Debt | — | |
| Interest Coverage Ratio | — | |
| Interest Coverage Ratio QoQ | — | |
| Interest Coverage Ratio YoY | — | |
| Interest Coverage Ratio IPRWA | — | |
| Operating Cash Flow Ratio | — | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | — | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | 2.748 | |
| Dividend Payout Ratio | 0.364 | |
| Dividend Rate | $ 1.22 | |
| Dividend Yield | 0.003 | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | 5.39 % | |
| Revenue Growth | 6.053 % | |
| Revenue Growth QoQ | -97.675 % | |
| Revenue Growth YoY | -46.834 % | |
| Revenue Growth IPRWA | high: 26.578 % mean: 6.365 % ERIE: 6.053 % median: 4.957 % low: -14.462 % |
|
| Earnings Growth | 26.415 % | |
| Earnings Growth QoQ | -395.635 % | |
| Earnings Growth YoY | -16.177 % | |
| Earnings Growth IPRWA | high: 69.231 % ERIE: 26.415 % mean: 23.401 % median: 4.946 % low: -133.505 % |
|
| MARGINS | ||
| Gross Margin | — | |
| Gross Margin QoQ | — | |
| Gross Margin YoY | — | |
| Gross Margin IPRWA | — | |
| EBIT Margin | — | |
| EBIT Margin QoQ | — | |
| EBIT Margin YoY | — | |
| EBIT Margin IPRWA | — | |
| Return On Sales (ROS) | — | |
| Return On Sales QoQ | — | |
| Return On Sales YoY | — | |
| Return On Sales IPRWA | — | |
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ 157.3 M | |
| Free Cash Flow Yield | 0.838 % | |
| Free Cash Flow Yield QoQ | 103.893 % | |
| Free Cash Flow Yield YoY | 56.636 % | |
| Free Cash Flow Yield IPRWA | high: 9.624 % median: 3.059 % mean: 3.036 % ERIE: 0.838 % low: -2.404 % |
|
| Free Cash Growth | 77.874 % | |
| Free Cash Growth QoQ | -295.87 % | |
| Free Cash Growth YoY | 30.497 % | |
| Free Cash Growth IPRWA | high: 452.291 % ERIE: 77.874 % mean: 4.403 % median: -22.541 % low: -536.334 % |
|
| Free Cash To Net Income | 0.901 | |
| Cash Flow Margin | 12.148 % | |
| Cash Flow To Earnings | 0.899 | |
| VALUE & RETURNS | ||
| Economic Value Added | — | |
| Return On Assets (ROA) | 5.731 % | |
| Return On Assets QoQ | 21.24 % | |
| Return On Assets YoY | -8.26 % | |
| Return On Assets IPRWA | ERIE: 5.731 % high: 3.613 % median: 1.769 % mean: 1.711 % low: -1.659 % |
|
| Return On Capital Employed (ROCE) | — | |
| Return On Equity (ROE) | 0.08 | |
| Return On Equity QoQ | 19.432 % | |
| Return On Equity YoY | -10.779 % | |
| Return On Equity IPRWA | high: 0.129 ERIE: 0.08 mean: 0.065 median: 0.056 low: -0.085 |
|
| DuPont ROE | 8.217 % | |
| Return On Invested Capital (ROIC) | — | |
| Return On Invested Capital QoQ | — | |
| Return On Invested Capital YoY | — | |
| Return On Invested Capital IPRWA | — | |