Maximus (NYSE:MMS) Announces Quarterly Earnings Results, Beats Estimates By $0.27 EPS

Maximus (NYSE:MMS) released its earnings results on Wednesday. The health services provider reported $1.74 earnings per share for the quarter, beating the consensus estimate of $1.47 by $0.27, Briefing.com reports. The company had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.29 billion. Maximus had a return on equity of 18.02% and a net margin of 4.58%. Maximus’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.78 earnings per share. Maximus updated its FY24 guidance to $6.00-6.20 EPS and its FY 2024 guidance to 6.000-6.200 EPS.

Maximus Stock Performance

NYSE MMS traded down $0.60 on Friday, hitting $86.80. 1,273,966 shares of the company traded hands, compared to its average volume of 346,525. The company has a market capitalization of $5.28 billion, a price-to-earnings ratio of 22.78 and a beta of 0.75. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.63. The business’s 50 day moving average price is $88.02 and its 200-day moving average price is $84.70. Maximus has a 52-week low of $72.39 and a 52-week high of $93.97.

Maximus Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Saturday, August 31st. Investors of record on Thursday, August 15th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $1.20 annualized dividend and a yield of 1.38%. Maximus’s dividend payout ratio (DPR) is presently 31.50%.

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.