Maximus (MMS) to Release Quarterly Earnings on Wednesday

Maximus (NYSE:MMS) is scheduled to be issuing its quarterly earnings data after the market closes on Wednesday, May 8th. Analysts expect the company to announce earnings of $1.30 per share for the quarter. Maximus has set its FY24 guidance at $5.20-5.50 EPS and its FY 2024 guidance at 5.200-5.500 EPS.Individual interested in registering for the company’s earnings conference call can do so using this link.

Maximus (NYSE:MMS) last released its quarterly earnings results on Wednesday, February 7th. The health services provider reported $1.34 EPS for the quarter, beating analysts’ consensus estimates of $1.28 by $0.06. The firm had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.29 billion. Maximus had a net margin of 3.73% and a return on equity of 15.68%. The business’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.94 EPS. On average, analysts expect Maximus to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Maximus Trading Up 1.2 %

Shares of MMS stock opened at $82.81 on Monday. The company has a market capitalization of $5.05 billion, a PE ratio of 27.42 and a beta of 0.72. Maximus has a 52-week low of $72.39 and a 52-week high of $89.69. The business’s fifty day moving average is $82.33 and its 200 day moving average is $81.51. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.69 and a current ratio of 1.69.

Maximus Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Wednesday, May 15th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $1.20 dividend on an annualized basis and a yield of 1.45%. Maximus’s dividend payout ratio is currently 39.74%.

Insider Transactions at Maximus

In other Maximus news, CFO David Mutryn sold 8,000 shares of the firm’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $83.95, for a total transaction of $671,600.00. Following the sale, the chief financial officer now owns 5,124 shares in the company, valued at $430,159.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Maximus from a “hold” rating to a “buy” rating in a research report on Thursday, February 8th.

Maximus Company Profile

Maximus, Inc operates as a provider of government services in the United States and internationally. It operates through three segments: U.S. Federal Services, U.S. Services, and Outside the U.S. The U.S. Services segment offers program eligibility support and enrollment; centralized multilingual customer contact centers, multichannel, and digital self-service options for enrollment; application assistance and independent health plan choice counseling; beneficiary outreach, education, eligibility, enrollment, and redeterminations; and person-centered independent disability, long-term sick, and other health assessments.