MAXIMUS (NYSE:MMS) issued its earnings results on Thursday. The health services provider reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.06, MarketWatch Earnings reports. The business had revenue of $664.60 million for the quarter, compared to analyst estimates of $672.08 million. MAXIMUS had a return on equity of 20.09% and a net margin of 8.94%. The business’s quarterly revenue was up 6.7% on a year-over-year basis. During the same period last year, the company 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.
NYSE:MMS opened at $69.89 on Friday. 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 12 month low of $60.00 and a 12 month high of $72.45. The stock has a market capitalization 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 business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 28th. Shareholders of record on Friday, February 15th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.43%. The ex-dividend date is Thursday, February 14th. MAXIMUS’s dividend payout ratio (DPR) is presently 29.41%.
MMS has been the topic of several research reports. Zacks Investment Research lowered MAXIMUS from a “buy” rating to a “hold” rating in a research report on Tuesday, January 29th. ValuEngine raised MAXIMUS from a “hold” rating to a “buy” rating in a research report on Friday, November 30th.
In other MAXIMUS news, Director Russell A. Beliveau sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, January 2nd. The stock was sold at an average price of $64.14, for a total value of $64,140.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Vice Chairman Richard A. Montoni sold 29,107 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the insider now directly owns 464,474 shares in the company, valued at $31,718,929.46. The disclosure for this sale can be found here. Insiders sold 67,902 shares of company stock worth $4,761,681 over the last three months. 2.20% of the stock is currently owned by corporate insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Cim LLC increased its position in shares of MAXIMUS by 1.8% during the fourth quarter. Cim LLC now owns 8,618 shares of the health services provider’s stock worth $561,000 after acquiring an additional 150 shares during the last quarter. TD Asset Management Inc. increased its position in shares of MAXIMUS by 0.5% during the fourth quarter. TD Asset Management Inc. now owns 59,100 shares of the health services provider’s stock worth $3,847,000 after acquiring an additional 300 shares during the last quarter. Arizona State Retirement System increased its position in shares of MAXIMUS by 0.9% during the fourth quarter. Arizona State Retirement System now owns 46,031 shares of the health services provider’s stock worth $2,996,000 after acquiring an additional 419 shares during the last quarter. LS Investment Advisors LLC increased its position in shares of MAXIMUS by 10.3% during the fourth quarter. LS Investment Advisors LLC now owns 4,965 shares of the health services provider’s stock worth $323,000 after acquiring an additional 464 shares during the last quarter. Finally, Teachers Advisors LLC increased its position in shares of MAXIMUS by 0.4% during the third quarter. Teachers Advisors LLC now owns 129,897 shares of the health services provider’s stock worth $8,451,000 after acquiring an additional 518 shares during the last quarter. 92.63% of the stock is currently owned by institutional investors and hedge funds.
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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