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On Aug 13, 2026 the company’s board declared a common stock dividend of $0.50 per share payable Oct 19, 2026 to holders of record on Sep 30, 2026. A series of analyst price-target raises and reiterated constructive ratings occurred across July–August 2026, including multiple upward revisions by large broker desks through early August.
Technical Analysis
ADX at 10.72 signals no established trend; directional indicators show weakening bullish pressure as DI+ peaked and reversed while DI- experienced a dip-and-reversal—both readings imply recent directional conflict and a bias toward sellers unless trend strength increases.
MACD sits negative at -0.47 with a peak-and-reversal characteristic, signaling bearish momentum, yet the MACD currently trades slightly above its signal line (MACD signal -0.54), which represents a short-lived bullish cross that could limit near-term downside if sustained.
MRO at 3.09 registers positive and increasing, indicating price sits modestly above target and statistical mean reversion pressure exists; the magnitude implies only mild downward potential absent larger momentum shifts.
RSI 45.17 with a peak-and-reversal signal reads below 50 and favors the downside bias created by the directional indicators, consistent with the absence of a clear uptrend.
Price sits near short-term averages: close $61.36 versus 20-day average $61.51 and 200-day average $60.78, but below the 50-day average $63.64—this alignment suggests consolidation around the mid-term mean rather than a directional breakout. Narrow Bollinger band widths and low 42– and 52‑week volatility confirm compressed price action; volume has ticked above recent averages, indicating periodic participation on moves but no persistent trend confirmation.
Fundamental Analysis
Earnings: EPS of $0.58 beat the $0.43 estimate by $0.15, a surprise ratio of 34.88%. Net income for the period registered $77,096,000 and operating income $87,901,000, supporting the reported beat and contributing to modest upward revisions in analyst targets.
Profitability: EBIT of $102,903,000 produces an EBIT margin of 52.79%, slightly below the industry peer mean of 54.43% and materially below the peer median of 62.19%, while the year-over-year change in EBIT margin improved by 20.78% despite a sharp QoQ contraction of -41.45%.
Revenue and flows: Total revenue $194,940,000 reflects negligible year-over-year revenue growth of 0.06% but a steep QoQ decline of -98.30% (seasonality or timing effects likely). Operating cash flow and free cash flow both stand at $113,959,000; free cash flow yield 1.37% modestly exceeds the industry peer mean of 1.13%, reinforcing the company’s capacity to fund distributions and development activity from operating cash.
Leverage and coverage: Total debt $2,584,135,000 produces a debt-to-assets ratio of 44.70%, above the industry peer mean of 40.17%, while debt-to-equity at 93.11% sits below the industry peer mean of 105.91%. Interest coverage registers 4.21×, below the industry peer mean of 5.50×, indicating tighter but adequate near-term coverage of interest expense.
Distribution profile: The dataset shows a dividend rate of $0.51343 and a dividend payout ratio of 88.29% with dividend coverage at 113.27% (coverage above 100% but payout ratio high). The company’s Aug 13, 2026 declaration sets the quarterly payout at $0.50 per share. High payout proportion limits internal reinvestment flexibility despite positive coverage from operating cash.
Valuation: Price multiples sit elevated—trailing P/E ~108.31 and forward P/E ~130.55—yet the trailing P/E falls below the industry peer mean of 122.06 and the peer median of 115.34. Enterprise multiples and price/sales also appear rich on headline figures, but operating profitability, positive free cash flow, and recent analyst upward revisions provide partial fundamental support. The current valuation as determined by WMDST classifies the stock as under-valued, reflecting free-cash-flow strength and dividend mechanics relative to market pricing.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2026-06-30 |
| REPORT DATE: | 2026-07-22 |
| NEXT REPORT DATE: | 2026-10-21 |
| CASH FLOW | Begin Period Cash Flow | $ 37.1 M |
| Operating Cash Flow | $ 114.0 M | |
| Capital Expenditures | $ -126.77 M | |
| Change In Working Capital | $ 4.2 M | |
| Dividends Paid | $ -68.07 M | |
| Cash Flow Delta | $ 77.0 M | |
| End Period Cash Flow | $ 114.2 M | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 194.9 M | |
| Forward Revenue | $ 39.0 M | |
| COSTS | ||
| Cost Of Revenue | $ 48.0 M | |
| Depreciation | $ 39.8 M | |
| Depreciation and Amortization | $ 48.9 M | |
| Research and Development | — | |
| Total Operating Expenses | $ 107.0 M | |
| PROFITABILITY | ||
| Gross Profit | $ 147.0 M | |
| EBITDA | $ 153.1 M | |
| EBIT | $ 102.9 M | |
| Operating Income | $ 87.9 M | |
| Interest Income | $ -1.57 M | |
| Interest Expense | $ 24.5 M | |
| Net Interest Income | $ -26.04 M | |
| Income Before Tax | $ 78.4 M | |
| Tax Provision | $ -1.18 M | |
| Tax Rate | 40.0 % | |
| Net Income | $ 77.1 M | |
| Net Income From Continuing Operations | $ 79.7 M | |
| EARNINGS | ||
| EPS Estimate | $ 0.43 | |
| EPS Actual | $ 0.58 | |
| EPS Difference | $ 0.15 | |
| EPS Surprise | 34.884 % | |
| Forward EPS | $ 0.47 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 5.8 B | |
| Intangible Assets | — | |
| Net Tangible Assets | $ 2.8 B | |
| Total Current Assets | $ 310.2 M | |
| Cash and Short-Term Investments | $ 46.1 M | |
| Cash | $ 46.1 M | |
| Net Receivables | $ 196.1 M | |
| Inventory | — | |
| Long-Term Investments | $ 222.0 M | |
| LIABILITIES | ||
| Accounts Payable | $ 146.2 M | |
| Short-Term Debt | — | |
| Total Current Liabilities | $ 326.9 M | |
| Net Debt | $ 2.5 B | |
| Total Debt | $ 2.6 B | |
| Total Liabilities | $ 2.9 B | |
| EQUITY | ||
| Total Equity | $ 2.8 B | |
| Retained Earnings | $ 317.5 M | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 20.94 | |
| Shares Outstanding | 132.573 M | |
| Revenue Per-Share | $ 1.47 | |
| VALUATION | Market Capitalization | $ 8.3 B |
| Enterprise Value | $ 10.9 B | |
| Enterprise Multiple | 70.959 | |
| Enterprise Multiple QoQ | 60.389 % | |
| Enterprise Multiple YoY | -0.119 % | |
| Enterprise Multiple IPRWA | high: 86.719 median: 75.377 FR: 70.959 mean: 68.004 low: -48.793 |
|
| EV/R | 55.74 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 2.083 | |
| Asset To Liability | 1.986 | |
| Debt To Capital | 0.482 | |
| Debt To Assets | 0.447 | |
| Debt To Assets QoQ | -0.152 % | |
| Debt To Assets YoY | 1.127 % | |
| Debt To Assets IPRWA | high: 0.819 FR: 0.447 mean: 0.402 median: 0.361 low: 0.165 |
|
| Debt To Equity | 0.931 | |
| Debt To Equity QoQ | -0.647 % | |
| Debt To Equity YoY | 2.18 % | |
| Debt To Equity IPRWA | high: 2.103 mean: 1.059 FR: 0.931 median: 0.679 low: 0.213 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 3.001 | |
| Price To Book QoQ | 4.382 % | |
| Price To Book YoY | 20.662 % | |
| Price To Book IPRWA | high: 3.514 FR: 3.001 median: 2.441 mean: 2.332 low: 0.965 |
|
| Price To Earnings (P/E) | 108.309 | |
| Price To Earnings QoQ | 95.615 % | |
| Price To Earnings YoY | -7.565 % | |
| Price To Earnings IPRWA | high: 138.671 mean: 122.063 median: 115.342 FR: 108.309 low: -37.747 |
|
| PE/G Ratio | -2.339 | |
| Price To Sales (P/S) | 42.721 | |
| Price To Sales QoQ | 4.991 % | |
| Price To Sales YoY | 17.016 % | |
| Price To Sales IPRWA | high: 58.953 median: 54.009 mean: 47.76 FR: 42.721 low: 4.851 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 130.545 | |
| Forward PE/G | -2.82 | |
| Forward P/S | 210.289 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | -714.019 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.034 | |
| Asset Turnover Ratio QoQ | -0.735 % | |
| Asset Turnover Ratio YoY | 2.087 % | |
| Asset Turnover Ratio IPRWA | high: 0.11 mean: 0.036 FR: 0.034 median: 0.024 low: 0.02 |
|
| Receivables Turnover | 0.993 | |
| Receivables Turnover Ratio QoQ | -0.734 % | |
| Receivables Turnover Ratio YoY | -1.314 % | |
| Receivables Turnover Ratio IPRWA | high: 5.504 mean: 1.511 median: 1.392 FR: 0.993 low: 0.825 |
|
| Inventory Turnover | — | |
| Inventory Turnover Ratio QoQ | — | |
| Inventory Turnover Ratio YoY | — | |
| Inventory Turnover Ratio IPRWA | — | |
| Days Sales Outstanding (DSO) | 91.929 | |
| 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 | -11.694 | |
| CapEx To Revenue | -0.65 | |
| CapEx To Depreciation | -3.181 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 5.3 B | |
| Net Invested Capital | $ 5.3 B | |
| Invested Capital | $ 5.3 B | |
| Net Tangible Assets | $ 2.8 B | |
| Net Working Capital | $ -16.67 M | |
| LIQUIDITY | ||
| Cash Ratio | 0.141 | |
| Current Ratio | 0.949 | |
| Current Ratio QoQ | 36.629 % | |
| Current Ratio YoY | 35.563 % | |
| Current Ratio IPRWA | high: 1.858 FR: 0.949 median: 0.744 mean: 0.692 low: 0.166 |
|
| Quick Ratio | — | |
| Quick Ratio QoQ | — | |
| Quick Ratio YoY | — | |
| Quick Ratio IPRWA | — | |
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | 16.875 | |
| Cost Of Debt | 0.899 % | |
| Interest Coverage Ratio | 4.206 | |
| Interest Coverage Ratio QoQ | -42.967 % | |
| Interest Coverage Ratio YoY | 16.015 % | |
| Interest Coverage Ratio IPRWA | high: 7.905 mean: 5.503 median: 5.459 FR: 4.206 low: -6.653 |
|
| Operating Cash Flow Ratio | 0.361 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 256.031 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | 1.133 | |
| Dividend Payout Ratio | 0.883 | |
| Dividend Rate | $ 0.51 | |
| Dividend Yield | 0.008 | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | 0.144 % | |
| Revenue Growth | 0.058 % | |
| Revenue Growth QoQ | -98.297 % | |
| Revenue Growth YoY | -96.674 % | |
| Revenue Growth IPRWA | high: 7.258 % median: 5.559 % mean: 3.681 % FR: 0.058 % low: -8.234 % |
|
| Earnings Growth | -46.296 % | |
| Earnings Growth QoQ | -155.744 % | |
| Earnings Growth YoY | -377.77 % | |
| Earnings Growth IPRWA | high: 63.636 % median: 8.824 % mean: 5.722 % FR: -46.296 % low: -200.0 % |
|
| MARGINS | ||
| Gross Margin | 75.397 % | |
| Gross Margin QoQ | 4.023 % | |
| Gross Margin YoY | 0.837 % | |
| Gross Margin IPRWA | high: 88.635 % FR: 75.397 % median: 74.172 % mean: 72.705 % low: 32.085 % |
|
| EBIT Margin | 52.787 % | |
| EBIT Margin QoQ | -41.447 % | |
| EBIT Margin YoY | 20.775 % | |
| EBIT Margin IPRWA | high: 82.445 % median: 62.192 % mean: 54.431 % FR: 52.787 % low: -42.454 % |
|
| Return On Sales (ROS) | 45.091 % | |
| Return On Sales QoQ | 28.865 % | |
| Return On Sales YoY | 2.743 % | |
| Return On Sales IPRWA | high: 46.752 % FR: 45.091 % mean: 41.006 % median: 39.568 % low: 30.168 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ 114.0 M | |
| Free Cash Flow Yield | 1.368 % | |
| Free Cash Flow Yield QoQ | 22.034 % | |
| Free Cash Flow Yield YoY | -28.601 % | |
| Free Cash Flow Yield IPRWA | high: 3.98 % FR: 1.368 % mean: 1.131 % median: 1.028 % low: -0.976 % |
|
| Free Cash Growth | 28.199 % | |
| Free Cash Growth QoQ | -203.665 % | |
| Free Cash Growth YoY | -33.38 % | |
| Free Cash Growth IPRWA | high: 54.139 % FR: 28.199 % mean: 6.106 % median: 4.56 % low: -54.624 % |
|
| Free Cash To Net Income | 1.478 | |
| Cash Flow Margin | 60.611 % | |
| Cash Flow To Earnings | 1.533 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.03 | |
| Return On Assets (ROA) | 1.335 % | |
| Return On Assets QoQ | -46.536 % | |
| Return On Assets YoY | 31.787 % | |
| Return On Assets IPRWA | high: 2.666 % FR: 1.335 % mean: 1.15 % median: 1.067 % low: -4.313 % |
|
| Return On Capital Employed (ROCE) | 1.887 % | |
| Return On Equity (ROE) | 0.028 | |
| Return On Equity QoQ | -46.464 % | |
| Return On Equity YoY | 33.174 % | |
| Return On Equity IPRWA | high: 0.103 mean: 0.034 FR: 0.028 median: 0.02 low: -0.142 |
|
| DuPont ROE | 2.787 % | |
| Return On Invested Capital (ROIC) | 1.156 % | |
| Return On Invested Capital QoQ | -64.021 % | |
| Return On Invested Capital YoY | -25.945 % | |
| Return On Invested Capital IPRWA | high: 3.91 % mean: 2.072 % median: 1.527 % FR: 1.156 % low: 0.457 % |
|