MAXIMUS, Inc. (MMS) Declares Quarterly Dividend of $0.05
MAXIMUS (NYSE:MMS) declared a quarterly dividend on Tuesday, July 8th, Stock Ratings News reports. Shareholders of record on Friday, August 15th will be given a dividend of 0.045 per share on Friday, August 29th. This represents a $0.18 dividend on an annualized basis and a yield of 0.43%.
A number of analysts have recently weighed in on MMS shares. Analysts at Raymond James downgraded shares of MAXIMUS from an “outperform” rating to a “market perform” rating in a research note on Monday, June 9th. They now have a $53.00 price target on the stock. Analysts at Zacks downgraded shares of MAXIMUS from an “outperform” rating to a “neutral” rating in a research note on Tuesday, April 15th. They now have a $53.80 price target on the stock. Three equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. MAXIMUS presently has a consensus rating of “Hold” and a consensus price target of $54.93.
Shares of MAXIMUS (NYSE:MMS) opened at 42.20 on Tuesday. MAXIMUS has a 52-week low of $34.83 and a 52-week high of $50.55. The stock’s 50-day moving average is $43.12 and its 200-day moving average is $44.02. The company has a market cap of $2.857 billion and a price-to-earnings ratio of 21.58.
MAXIMUS (NYSE:MMS) last announced its earnings results on Thursday, May 8th. The company reported $0.59 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.56 by $0.03. The company had revenue of $439.00 million for the quarter, compared to the consensus estimate of $432.35 million. During the same quarter last year, the company posted $0.72 earnings per share. MAXIMUS’s revenue was up 34.5% compared to the same quarter last year. Analysts expect that MAXIMUS will post $2.07 EPS for the current fiscal year.
In other MAXIMUS news, Insider Bruce Caswell unloaded 25,000 shares of MAXIMUS stock in a transaction dated Thursday, July 3rd. The stock was sold at an average price of $1,397.09, for a total value of $34,927,250.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
MAXIMUS, Inc provides business process services (NYSE:MMS) to government health and human services agencies under its mission of Helping Government Serve the People.