Maximus, Inc. Declares Quarterly Dividend of $0.30 (NYSE:MMS)

Key Points

• Maximus, Inc. has declared a quarterly dividend of $0.30 per share, payable on December 1st, to stockholders of record on November 14th, representing an annualized yield of 1.3%.
• The company reported $2.16 earnings per share for its last quarter, exceeding analysts' expectations and showing a 2.5% year-over-year revenue increase to $1.35 billion.
• Maximus has received mixed ratings from analysts, with a consensus rating of "Buy" and a price target average of $90.00.

Maximus, Inc. (NYSE:MMS - Get Free Report) announced a quarterly dividend on Monday, October 6th, RTT News reports. Stockholders of record on Friday, November 14th will be given a dividend of 0.30 per share by the health services provider on Monday, December 1st. This represents a c) dividend on an annualized basis and a dividend yield of 1.3%.

Maximus has a dividend payout ratio of 18.0% meaning its dividend is sufficiently covered by earnings. Analysts expect Maximus to earn $5.76 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 20.8%.

Maximus Price Performance

MMS opened at $91.25 on Monday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 2.27 and a current ratio of 2.27. The company has a 50-day moving average of $85.06 and a 200-day moving average of $75.44. Maximus has a 1-year low of $63.77 and a 1-year high of $93.73. The company has a market capitalization of $5.14 billion, a P/E ratio of 16.80 and a beta of 0.57.

Maximus (NYSE:MMS - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The health services provider reported $2.16 earnings per share for the quarter, beating analysts' consensus estimates of $1.39 by $0.77. The business had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.29 billion. Maximus had a return on equity of 24.44% and a net margin of 5.83%.The business's quarterly revenue was up 2.5% on a year-over-year basis. During the same period in the previous year, the business earned $1.74 EPS. Maximus has set its FY 2025 guidance at 7.350-7.550 EPS. Equities analysts expect that Maximus will post 6.15 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

MMS has been the subject of a number of analyst reports. Weiss Ratings reissued a "hold (c+)" rating on shares of Maximus in a research note on Saturday, September 27th. Zacks Research raised Maximus from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, August 26th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $90.00.

About Maximus

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.

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