Maximus (NYSE:MMS) Issues FY 2024 Earnings Guidance

Maximus (NYSE:MMS) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 5.650-5.850 for the period, compared to the consensus estimate of 4.290. The company issued revenue guidance of $5.2 billion-$5.3 billion, compared to the consensus revenue estimate of $5.2 billion. Maximus also updated its FY24 guidance to $5.65-5.85 EPS.

Analyst Upgrades and Downgrades

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

Maximus Trading Down 0.2 %

MMS stock traded down $0.13 during midday trading on Wednesday, reaching $84.12. 432,989 shares of the company’s stock traded hands, compared to its average volume of 324,740. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.69 and a quick ratio of 1.69. The company has a market capitalization of $5.13 billion, a P/E ratio of 27.85 and a beta of 0.72. The business has a 50-day moving average price of $82.33 and a two-hundred day moving average price of $81.61. Maximus has a fifty-two week low of $72.39 and a fifty-two week high of $89.69.

Maximus (NYSE:MMS) last posted its earnings results on Wednesday, February 7th. The health services provider reported $1.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.28 by $0.06. Maximus had a return on equity of 15.68% and a net margin of 3.73%. The business had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same quarter last year, the firm earned $0.94 earnings per share. The company’s revenue for the quarter was up 6.2% compared to the same quarter last year. Equities research analysts forecast that Maximus will post 5.42 EPS for the current fiscal year.

Maximus Dividend Announcement

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 paid a $0.30 dividend. The ex-dividend date is Tuesday, May 14th. This represents a $1.20 annualized dividend and a dividend yield of 1.43%. Maximus’s dividend payout ratio (DPR) is presently 39.74%.

Insider Buying and Selling

In related news, CFO David Mutryn sold 8,000 shares of the business’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $83.95, for a total value of $671,600.00. Following the transaction, the chief financial officer now owns 5,124 shares in the company, valued at $430,159.80. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.40% of the stock is currently owned by insiders.

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.