Maximus Inc. (MMS) Releases FY14 Earnings Guidance
Maximus Inc. (NYSE:MMS) issued an update on its FY14 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $1.95-2.05 for the period, compared to the Thomson Reuters consensus estimate of $1.86, Analyst RN reports. The company issued revenue guidance of $1.60-1.68 billion, compared to the consensus revenue estimate of $1.62 billion.
Maximus Inc. (NYSE:MMS) opened at 41.89 on Thursday. Maximus Inc. has a 52 week low of $34.65 and a 52 week high of $50.55. The stock has a 50-day moving average of $43.04 and a 200-day moving average of $43.06. The company has a market cap of $2.871 billion and a price-to-earnings ratio of 25.02.
Maximus (NYSE:MMS) last announced its earnings results on Thursday, February 6th. The company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.06. The company had revenue of $406.60 million for the quarter, compared to the consensus estimate of $392.86 million. During the same quarter in the previous year, the company posted $0.63 earnings per share. The company’s revenue for the quarter was up 42.0% on a year-over-year basis. On average, analysts predict that Maximus Inc. will post $1.86 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, February 28th. Stockholders of record on Friday, February 14th will be given a dividend of 0.045 per share. This represents a $0.18 dividend on an annualized basis and a yield of 0.43%. The ex-dividend date of this dividend is Wednesday, February 12th.
MMS has been the subject of a number of recent research reports. Analysts at Zacks downgraded shares of Maximus from an outperform rating to a neutral rating in a research note to investors on Monday, January 20th. They now have a $53.80 price target on the stock. Analysts at Jefferies Group raised their price target on shares of Maximus from $47.00 to $53.00 in a research note to investors on Monday, November 18th. They now have a buy rating on the stock. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus target price of $61.20.
MAXIMUS, Inc is a provider of business process services (NYSE:MMS) to government health and human services agencies under its mission of Helping Government Serve the People.
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