MAXIMUS (NYSE:MMS) Issues FY19 Earnings Guidance

Share on StockTwits

MAXIMUS (NYSE:MMS) updated its FY19 earnings guidance on Thursday. The company provided earnings per share guidance of $3.70-3.75 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.70. The company issued revenue guidance of $2.92 billion, compared to the consensus revenue estimate of prior $3.65-3.75.MAXIMUS also updated its FY 2019 guidance to $3.70-3.75 EPS.

Several equities research analysts recently commented on the company. Zacks Investment Research upgraded MAXIMUS from a hold rating to a buy rating and set a $75.00 price objective for the company in a report on Monday, May 27th. ValuEngine downgraded MAXIMUS from a buy rating to a hold rating in a report on Friday, June 28th.

NYSE MMS opened at $70.41 on Thursday. MAXIMUS has a one year low of $60.00 and a one year high of $76.84. The stock has a 50-day simple moving average of $73.41. The company has a market cap of $4.41 billion, a P/E ratio of 20.71, a price-to-earnings-growth ratio of 1.86 and a beta of 0.88. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.31 and a quick ratio of 2.31.

MAXIMUS (NYSE:MMS) last released its quarterly earnings data on Thursday, May 9th. The health services provider reported $0.96 EPS for the quarter, topping the consensus estimate of $0.91 by $0.05. MAXIMUS had a return on equity of 21.19% and a net margin of 8.76%. The company had revenue of $736.50 million during the quarter, compared to the consensus estimate of $757.29 million. During the same period last year, the company earned $0.84 EPS. MAXIMUS’s revenue for the quarter was up 20.2% on a year-over-year basis. On average, equities research analysts anticipate that MAXIMUS will post 3.7 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Investors of record on Thursday, August 15th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Wednesday, August 14th. This represents a $1.00 annualized dividend and a yield of 1.42%. MAXIMUS’s payout ratio is 29.41%.

In other MAXIMUS news, Vice Chairman Richard A. Montoni sold 35,000 shares of the business’s stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $74.68, for a total transaction of $2,613,800.00. Following the completion of the sale, the insider now directly owns 377,874 shares in the company, valued at approximately $28,219,630.32. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Russell A. Beliveau sold 1,000 shares of the business’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $72.90, for a total value of $72,900.00. The disclosure for this sale can be found here. Insiders sold a total of 48,000 shares of company stock valued at $3,575,540 over the last quarter. 2.20% of the stock is owned by corporate insiders.

About MAXIMUS

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.

Further Reading: What is the accumulation/distribution indicator?

Earnings History and Estimates for MAXIMUS (NYSE:MMS)

Receive News & Ratings for MAXIMUS Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MAXIMUS and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Swiss National Bank Buys 4,900 Shares of ChannelAdvisor Corp
Swiss National Bank Buys 4,900 Shares of ChannelAdvisor Corp
Doheny Asset Management CA Buys 960 Shares of AT&T Inc.
Doheny Asset Management CA Buys 960 Shares of AT&T Inc.
Doheny Asset Management CA Buys 2,865 Shares of Xilinx, Inc.
Doheny Asset Management CA Buys 2,865 Shares of Xilinx, Inc.
$1.31 EPS Expected for Microchip Technology Inc.  This Quarter
$1.31 EPS Expected for Microchip Technology Inc. This Quarter
Doheny Asset Management CA Has $387,000 Stock Holdings in Lowe’s Companies, Inc.
Doheny Asset Management CA Has $387,000 Stock Holdings in Lowe’s Companies, Inc.
-$0.63 Earnings Per Share Expected for Instructure Inc  This Quarter
-$0.63 Earnings Per Share Expected for Instructure Inc This Quarter


© 2006-2019 Ticker Report