Maximus (NYSE:MMS) Issues Earnings Results, Beats Expectations By $0.26 EPS

Maximus (NYSE:MMS - Get Free Report) posted its quarterly earnings data on Wednesday. The health services provider reported $1.57 EPS for the quarter, beating the consensus estimate of $1.31 by $0.26, Briefing.com reports. The firm 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 15.68% and a net margin of 3.73%. The firm's revenue was up 11.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.80 EPS. Maximus updated its FY24 guidance to $5.65-5.85 EPS and its FY 2024 guidance to 5.650-5.850 EPS.

Maximus Trading Down 0.5 %

Shares of MMS traded down $0.45 during trading hours on Thursday, hitting $83.67. The stock had a trading volume of 734,695 shares, compared to its average volume of 329,528. The company's fifty day simple moving average is $82.34 and its 200 day simple moving average is $81.63. 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 has a 12-month low of $72.39 and a 12-month high of $90.65. The firm has a market cap of $5.11 billion, a P/E ratio of 28.75 and a beta of 0.72.

Maximus Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Wednesday, May 15th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.43%. The ex-dividend date is Tuesday, May 14th. Maximus's dividend payout ratio (DPR) is currently 39.74%.

Analysts Set New Price Targets

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

Insider Buying and Selling 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 value of $671,600.00. Following the transaction, the chief financial officer now directly owns 5,124 shares of the company's stock, valued at $430,159.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.40% of the stock is currently owned by corporate insiders.

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.