$0.92 Earnings Per Share Expected for MAXIMUS, Inc. (MMS) This Quarter
Wall Street analysts forecast that MAXIMUS, Inc. (NYSE:MMS) will post $0.92 earnings per share for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for MAXIMUS’s earnings, with the highest EPS estimate coming in at $0.98 and the lowest estimate coming in at $0.89. MAXIMUS reported earnings of $0.82 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 12.2%. The business is expected to announce its next earnings results on Thursday, May 9th.
On average, analysts expect that MAXIMUS will report full-year earnings of $3.66 per share for the current financial year, with EPS estimates ranging from $3.57 to $3.75. For the next financial year, analysts anticipate that the firm will report earnings of $4.11 per share, with EPS estimates ranging from $3.97 to $4.21. Zacks’ earnings per share averages are a mean average based on a survey of research firms that that provide coverage for MAXIMUS.
MAXIMUS (NYSE:MMS) last issued its quarterly earnings data on Thursday, February 7th. The health services provider reported $0.86 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.80 by $0.06. The business had revenue of $664.60 million for the quarter, compared to the consensus estimate of $672.08 million. MAXIMUS had a net margin of 8.94% and a return on equity of 20.09%. The company’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.89 EPS.
Shares of MMS stock traded down $0.14 during mid-day trading on Thursday, reaching $72.30. 3,102 shares of the company’s stock traded hands, compared to its average volume of 226,101. MAXIMUS has a 12 month low of $60.00 and a 12 month high of $73.81. The stock has a market cap of $4.57 billion, a PE ratio of 21.26, a price-to-earnings-growth ratio of 1.96 and a beta of 0.96. The company has a current ratio of 2.32, a quick ratio of 2.32 and a debt-to-equity ratio of 0.11.
The company also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Wednesday, May 15th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.38%. MAXIMUS’s dividend payout ratio is currently 29.41%.
In other news, Vice Chairman Richard A. Montoni sold 12,000 shares of the stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $70.69, for a total transaction of $848,280.00. Following the completion of the transaction, the insider now directly owns 412,874 shares in the company, valued at approximately $29,186,063.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Russell A. Beliveau sold 1,000 shares of the stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $71.40, for a total value of $71,400.00. The disclosure for this sale can be found here. Insiders have sold a total of 54,715 shares of company stock valued at $3,873,949 over the last quarter. Corporate insiders own 2.20% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Creative Planning bought a new stake in MAXIMUS in the first quarter worth $200,000. Mercer Global Advisors Inc. ADV acquired a new stake in MAXIMUS in the first quarter worth about $501,000. BB&T Corp boosted its holdings in MAXIMUS by 3.6% in the first quarter. BB&T Corp now owns 8,432 shares of the health services provider’s stock worth $598,000 after acquiring an additional 291 shares in the last quarter. West Coast Financial LLC boosted its holdings in MAXIMUS by 5.7% in the first quarter. West Coast Financial LLC now owns 101,519 shares of the health services provider’s stock worth $7,206,000 after acquiring an additional 5,496 shares in the last quarter. Finally, Liberty Capital Management Inc. boosted its holdings in MAXIMUS by 2.8% in the first quarter. Liberty Capital Management Inc. now owns 14,680 shares of the health services provider’s stock worth $1,042,000 after acquiring an additional 397 shares in the last quarter. Hedge funds and other institutional investors own 95.63% of the company’s stock.
MAXIMUS Company Profile
MAXIMUS, Inc provides business process services (BPS) to government health and human services programs worldwide. The company's Health Services segment offers various BPS, appeals, and assessments for state, provincial, and national government programs, including Medicaid, Children's Health Insurance Program, Affordable Care Act, Health Insurance British Columbia, Health Assessment Advisory Service contract, and Preadmission Screening and Resident Reviews.
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