Maximus Inc. to Post Q1 2017 Earnings of $0.57 Per Share, First Analysis Forecasts (MMS)
Maximus Inc. (NYSE:MMS) – Analysts at First Analysis decreased their Q1 2017 earnings per share (EPS) estimates for Maximus in a research report issued on Thursday. First Analysis analyst F. Sparacino now anticipates that the firm will post earnings per share of $0.57 for the quarter, down from their prior estimate of $0.71. First Analysis also issued estimates for Maximus’ Q2 2017 earnings at $0.70 EPS, Q3 2017 earnings at $0.80 EPS, Q4 2017 earnings at $0.89 EPS and FY2017 earnings at $2.96 EPS.
Maximus (NYSE:MMS) last posted its earnings results on Thursday, November 10th. The company reported $0.77 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.72 by $0.05. Maximus had a net margin of 7.42% and a return on equity of 24.93%. The firm earned $623.10 million during the quarter, compared to analyst estimates of $610.65 million. During the same quarter in the prior year, the business posted $0.53 EPS. The business’s revenue was up 7.7% compared to the same quarter last year.
Several other research analysts have also recently issued reports on the stock. Zacks Investment Research cut shares of Maximus from a “hold” rating to a “sell” rating in a report on Saturday. Raymond James Financial Inc. cut shares of Maximus from an “outperform” rating to a “market perform” rating in a report on Wednesday, November 9th. Finally, Maxim Group cut shares of Maximus from an “outperform” rating to a “market perform” rating in a report on Wednesday, November 9th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company’s stock. Maximus presently has a consensus rating of “Hold” and a consensus price target of $63.00.
Shares of Maximus (NYSE:MMS) opened at 54.38 on Monday. Maximus has a 1-year low of $43.69 and a 1-year high of $61.68. The company has a market cap of $3.58 billion, a price-to-earnings ratio of 20.22 and a beta of 1.15. The stock has a 50 day moving average of $53.95 and a 200 day moving average of $56.12.
Hedge funds have recently made changes to their positions in the stock. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Maximus by 13.4% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,147 shares of the company’s stock worth $121,000 after buying an additional 253 shares during the period. Navellier & Associates Inc acquired a new stake in shares of Maximus during the second quarter worth approximately $208,000. Parametrica Management Ltd acquired a new stake in shares of Maximus during the second quarter worth approximately $216,000. LS Investment Advisors LLC boosted its stake in shares of Maximus by 70.9% in the second quarter. LS Investment Advisors LLC now owns 3,928 shares of the company’s stock worth $217,000 after buying an additional 1,630 shares during the period. Finally, Sei Investments Co. boosted its stake in shares of Maximus by 12.7% in the third quarter. Sei Investments Co. now owns 4,046 shares of the company’s stock worth $229,000 after buying an additional 457 shares during the period. Hedge funds and other institutional investors own 99.00% of the company’s stock.
In other Maximus news, CFO Richard John Nadeau bought 1,000 shares of the company’s stock in a transaction dated Friday, November 11th. The shares were purchased at an average price of $50.10 per share, for a total transaction of $50,100.00. Following the acquisition, the chief financial officer now owns 10,256 shares in the company, valued at approximately $513,825.60. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, CEO Richard A. Montoni sold 25,000 shares of the business’s stock in a transaction on Thursday, August 25th. The shares were sold at an average price of $58.70, for a total transaction of $1,467,500.00. Following the sale, the chief executive officer now owns 620,282 shares in the company, valued at approximately $36,410,553.40. The disclosure for this sale can be found here. Company insiders own 3.60% of the company’s stock.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 30th. Shareholders of record on Tuesday, November 15th will be given a dividend of $0.045 per share. This represents a $0.18 annualized dividend and a yield of 0.33%. The ex-dividend date is Thursday, November 10th. Maximus’s dividend payout ratio is currently 6.67%.
Maximus Company Profile
MAXIMUS, Inc provides business process services (BPS) to Government health and human services agencies. The Company is primarily focused on operating Government-sponsored programs, such as Medicaid, children’s health insurance program (CHIP), health insurance exchanges and other health care reform initiatives, Medicare, welfare-to-work, child support services and other Government programs.
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