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Here's Why Maximus (MMS) is an Attractive Pick Right Now
zacks.com· 2024-05-17 18:06
Maximus, Inc. (MMS) stock has appreciated 9% in the past month, outperforming the S&P 500 composite's 5.9% growth. Reasons Why MMS is an Attractive Pick Now Commitment to shareholder returns makes Maximus a reliable way for investors to compound wealth over the long term. During fiscal 2023, 2022 and 2021, Maximus paid cash dividends of $68.1 million, $68.7 million and $68.8 million, respectively. Other Stocks to Consider Here are some other top-ranked stocks from the broader Business Service sector that in ...
Maximus (MMS) Stock Gains 3% Since Q2 Earnings Beat Estimates
Zacks Investment Research· 2024-05-15 17:26
Maximus, Inc. (MMS) reported impressive second-quarter fiscal 2024 results, with earnings and revenues surpassing the Zacks Consensus Estimate. The stock increased 2.7% since the earnings release on May 8 in response to the better-than-expected results and raised guidance for fiscal 2024. For fiscal 2024, the company expects revenues of $5.15-$5.25 billion compared with the $5.05-$5.2 billion mentioned previously. The mid-point ($5.2 billion) of the raised guidance is higher than the Zacks Consensus Estimat ...
Are Investors Undervaluing Maximus (MMS) Right Now?
Zacks Investment Research· 2024-05-10 14:47
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors use a variety of methods, including tried-and-true valuation metr ...
MAXIMUS(MMS) - 2024 Q2 - Quarterly Report
2024-05-09 18:40
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark one) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________to__________. Commission file number: 1-12997 Maximus, Inc. | (Exact name of registrant as specified in its charter) Virginia | 54-10 ...
MAXIMUS(MMS) - 2024 Q2 - Earnings Call Transcript
2024-05-09 18:10
Maximus, Inc. (NYSE:MMS) Q2 2024 Earnings Conference Call May 9, 2024 9:00 AM ET Company Participants Jessica Batt - Vice President, Investor Relations & 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 Second Quarter Earnings Conference Call. At this time, all participants are in a listen-only mode. A brief question-and- ...
MAXIMUS(MMS) - 2024 Q2 - Earnings Call Presentation
2024-05-09 14:46
− New FY24 earnings guidance midpoints imply adjusted operating margin of 10.6%, up from 10.0% in prior guidance • FY24 commentary − Q3 FY24 earnings expected to be higher than Q4 due to planned U.S. Federal Services investments in the last quarter and redetermination volume normalization in U.S. Services − U.S. Federal Segment full-year margin expected to be ~12%; U.S. Services Segment full-year margin expected to be ~13%; Outside the U.S. Segment remains on track to be slightly above breakeven for the ful ...
Maximus (MMS) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
Zacks Investment Research· 2024-05-09 01:01
For the quarter ended March 2024, Maximus (MMS) reported revenue of $1.35 billion, up 11.7% over the same period last year. EPS came in at $1.57, compared to $0.80 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $1.28 billion, representing a surprise of +5.44%. The company delivered an EPS surprise of +19.85%, with the consensus EPS estimate being $1.31.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they co ...
Maximus (MMS) Surpasses Q2 Earnings and Revenue Estimates
Zacks Investment Research· 2024-05-09 00:01
Maximus (MMS) came out with quarterly earnings of $1.57 per share, beating the Zacks Consensus Estimate of $1.31 per share. This compares to earnings of $0.80 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 19.85%. A quarter ago, it was expected that this government health services provider would post earnings of $1.28 per share when it actually produced earnings of $1.34, delivering a surprise of 4.69%.Over the last four quar ...
MAXIMUS(MMS) - 2024 Q2 - Quarterly Results
2024-05-08 20:26
FOR IMMEDIATE RELEASE CONTACT: James Francis, VP - IR Jessica Batt, VP - IR & ESG Date: May 8, 2024 IR@maximus.com Maximus Reports Fiscal Year 2024 Second Quarter Results Strong demand drives highest post-pandemic margins and further raise to FY24 guidance (Tysons, Va. - May 8, 2024) - Maximus (NYSE: MMS), a leading provider of government services worldwide, reported financial results for the three and six months ended March 31, 2024. Highlights for the second quarter of fiscal year 2024 include: "For the s ...
Gear Up for Maximus (MMS) Q2 Earnings: Wall Street Estimates for Key Metrics
Zacks Investment Research· 2024-05-06 14:21
Wall Street analysts forecast that Maximus (MMS) will report quarterly earnings of $1.31 per share in its upcoming release, pointing to a year-over-year increase of 63.8%. It is anticipated that revenues will amount to $1.28 billion, exhibiting an increase of 6% compared to the year-ago quarter.Over the past 30 days, the consensus EPS estimate for the quarter has remained unchanged. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.Before a comp ...