MAXIMUS (MMS) Releases Earnings Results, Beats Expectations By $0.06 EPS

MAXIMUS (NYSE:MMS) released its quarterly earnings results on Thursday. The health services provider reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.06, MarketWatch Earnings reports. The business had revenue of $664.60 million for the quarter, compared to analysts’ expectations of $672.08 million. MAXIMUS had a return on equity of 20.09% and a net margin of 8.94%. The company’s revenue was up 6.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.89 EPS. MAXIMUS updated its FY 2019 guidance to $3.55-3.75 EPS and its FY19 guidance to $3.55 to $3.75 EPS.

Shares of NYSE:MMS opened at $69.89 on Friday. The firm has a market cap of $4.51 billion, a price-to-earnings ratio of 20.56, a P/E/G ratio of 1.93 and a beta of 1.02. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.91 and a current ratio of 2.32. MAXIMUS has a one year low of $60.00 and a one year high of $72.45.

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 28th. Shareholders of record on Friday, February 15th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date of this dividend is Thursday, February 14th. MAXIMUS’s dividend payout ratio (DPR) is presently 29.41%.



In other MAXIMUS news, Vice Chairman Richard A. Montoni sold 30,000 shares of the stock in a transaction on Tuesday, December 4th. The stock was sold at an average price of $72.03, for a total transaction of $2,160,900.00. Following the sale, the insider now owns 429,874 shares in the company, valued at approximately $30,963,824.22. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Vice Chairman Richard A. Montoni sold 29,107 shares of the stock in a transaction on Tuesday, November 27th. The shares were sold at an average price of $68.29, for a total value of $1,987,717.03. Following the sale, the insider now owns 464,474 shares in the company, valued at approximately $31,718,929.46. The disclosure for this sale can be found here. In the last quarter, insiders have sold 67,902 shares of company stock worth $4,761,681. 2.20% of the stock is owned by insiders.

A number of large investors have recently made changes to their positions in MMS. Oregon Public Employees Retirement Fund grew its holdings in MAXIMUS by 6,329.9% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,656,085 shares of the health services provider’s stock valued at $25,000 after buying an additional 1,630,329 shares during the last quarter. Quantamental Technologies LLC acquired a new stake in MAXIMUS during the 4th quarter valued at $38,000. Tributary Capital Management LLC acquired a new stake in MAXIMUS during the 4th quarter valued at $52,000. Huntington National Bank grew its holdings in MAXIMUS by 262.5% during the 4th quarter. Huntington National Bank now owns 928 shares of the health services provider’s stock valued at $60,000 after buying an additional 672 shares during the last quarter. Finally, Parallel Advisors LLC grew its holdings in MAXIMUS by 266.3% during the 4th quarter. Parallel Advisors LLC now owns 1,824 shares of the health services provider’s stock valued at $118,000 after buying an additional 1,326 shares during the last quarter. Hedge funds and other institutional investors own 92.63% of the company’s stock.

A number of research firms recently weighed in on MMS. Zacks Investment Research cut MAXIMUS from a “buy” rating to a “hold” rating in a report on Tuesday, January 29th. ValuEngine upgraded MAXIMUS from a “hold” rating to a “buy” rating in a report on Friday, November 30th.

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MAXIMUS Company Profile

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.

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Earnings History for MAXIMUS (NYSE:MMS)

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