Maximus (MMS) came out with quarterly earnings of $1.46 per share, missing the Zacks Consensus Estimate of $1.47 per share. This compares to earnings of $1.29 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -0.68%. A quarter ago, it was expected that this government health services provider would post earnings of $1.47 per share when it actually produced earnings of $1.74, delivering a surprise of 18.37%.Over the last four qua ...

Revenue and Growth - Full year revenue increased 8.2% to $5.31 billion, with organic growth of 8.8% driven by higher volumes in key U.S. programs[2] - U.S. Federal Services Segment revenue increased 13.9% to $2.74 billion, all organic growth driven by clinical program volume[8] - U.S. Services Segment revenue increased 5.5% to $1.91 billion, with strong performance across the Medicaid-related portfolio[10] - Outside the U.S. Segment revenue decreased 4.6% to $657.1 million, impacted by prior-year divestitures[12] - Revenue for the three months ended September 30, 2024, was $1,315,870, an increase of 4.4% from $1,259,953 in 2023[35] - Revenue for 2024 reached $1,315,870, an increase from $1,259,953 in 2023, representing a growth of approximately 4.4%[42] - U.S. Federal Services revenue increased to $675,117 in 2024 from $617,404 in 2023, a growth of approximately 9.3%[42] Earnings and Profitability - Full year diluted earnings per share were $4.99, and adjusted diluted earnings per share were $6.11, compared to $2.63 and $3.83 for the prior year[6] - Net income for the year ended September 30, 2024, reached $306,914, compared to $161,792 in 2023, representing an increase of 89.5%[35] - Basic earnings per share for the three months ended September 30, 2024, was $1.20, up from $0.97 in 2023, reflecting a growth of 23.7%[35] - Operating income for the year ended September 30, 2024, was $488,499, compared to $294,794 in 2023, marking a 65.7% increase[35] - Gross profit for 2024 was $301,695, with a gross margin of 22.9%, compared to $290,894 and a margin of 23.1% in 2023[42] - Operating income for 2024 was $111,756, reflecting an operating margin of 8.5%, up from $99,124 and 7.9% in 2023[48] - Net income for 2024 was $72,504, an increase from $59,146 in 2023, representing a growth of approximately 22.6%[49] - Diluted earnings per share for 2024 were $1.19, compared to $0.96 in 2023, marking an increase of approximately 24.0%[49] Cash Flow and Financial Position - Cash flows from operating activities totaled $515 million, and free cash flow was $401 million, compared to $314 million and $224 million in the prior year[19] - Cash flows from operating activities for the year ended September 30, 2024, were $515,258, compared to $314,340 in 2023, an increase of 64.1%[40] - Free cash flow for fiscal year 2025 is expected to range between $345 million and $375 million[23] - Free cash flow for 2024 was $131,881, compared to $112,757 in 2023, indicating a growth of approximately 16.9%[46] - Cash and cash equivalents increased to $183,123 in 2024 from $65,405 in 2023, showing a significant rise of 179.5%[38] - Total assets as of September 30, 2024, were $4,131,508, an increase from $3,985,797 in 2023, indicating a growth of 3.7%[38] - Total liabilities decreased to $2,288,693 in 2024 from $2,317,962 in 2023, a reduction of 1.3%[38] Future Outlook - The sales pipeline at September 30, 2024, was $54.3 billion, with new work opportunities representing approximately 48% of the total[15] - Backlog at September 30, 2024, was estimated to be $16.2 billion, down from $20.7 billion at the same point in the prior year[16] - Fiscal year 2025 revenue guidance is expected to range between $5.275 billion and $5.425 billion, with an adjusted EBITDA margin of approximately 11.0%[22] - The company plans to continue focusing on market expansion and new product development to drive future growth[43] Expenses and Amortization - The company reported a decrease in amortization of intangible assets to $91,570 for the year ended September 30, 2024, down from $94,591 in 2023[35] - The company reported a decrease in selling, general, and administrative expenses as a percentage of revenue, from 13.3% in 2023 to 12.7% in 2024[42] Dividends - Dividends declared per share increased to $0.30 in 2024 from $0.28 in 2023, representing a growth of 7.1%[35]

Wall Street analysts forecast that Maximus (MMS) will report quarterly earnings of $1.47 per share in its upcoming release, pointing to a year-over-year increase of 14%. It is anticipated that revenues will amount to $1.29 billion, exhibiting an increase of 2.6% compared to the year-ago quarter.The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.B ...

Maximus, Inc. (MMS) shares have had an impressive run in the past six months. The stock has rallied 11% compared with the 8.7% growth of its industry and the 9.3% increase of the Zacks S&P 500 composite. This rally aligns with the performance of its business services competitors, Booz Allen Hamilton (BAH) , which has gained 7.9%, and Genpact (G) , which has rallied 18.2% over the same period. The stock closed at $92.69 in its last trading session, close to its 52-week high of $93.97, and traded above its 50 ...

Maximus, Inc. (MMS) benefits from its strong relationship with governments, allowing the company to generate recurring revenues from long-term contracts. MMS' strong cash flow and ability to borrow a hefty credit to meet working capital requirements provide a competitive edge. However, it is witnessing declining net income due to rising operating expenses and non-recurring costs. MMS reported impressive third-quarter fiscal 2024 results. Quarterly adjusted earnings of $1.7 per share beat the Zacks Consensus ...

PM Images When looking for value, investors should search beyond just the well-known names in order to find opportunities that reward their due diligence. This can mean considering stocks that the average investor is not as familiar with. One relatively unknown name that appears to offer good value at the current price is Maximus, Inc. (NYSE:MMS). Maximus has returned just over 11% over the last year, about half of what the S&P 500 Index has generated, but the stock is trading well below its historical valu ...

It has been about a month since the last earnings report for Maximus (MMS) . Shares have added about 2.2% in that time frame, underperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is Maximus due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers. Maximus Beats Q3 Earnings Estimates Maximus reported ...

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Maximus, Inc. (MMS) reported impressive third-quarter fiscal 2024 results, with earnings and revenues surpassing the Zacks Consensus Estimate. Quarterly adjusted earnings of $1.7 per share beat the Zacks Consensus Estimate by 18.4% and increased more than 100% on a year-over-year basis. Revenues of $1.3 billion beat the consensus mark by 3% and rose 10.6% from the year-ago quarter. Segmental Revenues The U.S. Federal Services segment's revenues of $683.3 million rose 17% from the year-ago reported number an ...

Maximus, Inc. (NYSE:MMS) Q3 2024 Earnings Conference Call August 8, 2024 9:00 AM ET Company Participants Jessica Batt – Vice President, Investor Relations and ESG David Mutryn – Chief Financial Officer Bruce Caswell – President and Chief Executive Officer Conference Call Participants Charlie Strauzer – CJS Securities Bert Subin – Stifel Operator Greetings, and welcome to the Maximus Fiscal 2024 Third Quarter Earnings Conference Call. At this time, all participants are in a listen-only mode. A brief question ...