Maximus, Inc. (NYSE: MMS) – Investment analysts at Zacks Research have revised their Q3 2024 EPS estimates for Maximus in a research note released on August 23rd, 2023. Zacks Research analyst S. Goswami now predicts that the health services provider will achieve earnings of $1.32 per share for the quarter, a slight decrease from their previous projection of $1.33. The consensus estimate for Maximus’ full-year earnings remains at $3.88 per share. Zacks Research has also provided estimates for Maximus’ Q4 2024 earnings at $1.38 EPS and Q2 2025 earnings at $1.33 EPS.
In its latest quarterly profit report on August 2, 2023, Maximus (NYSE: MMS) announced a profit of $0.78 per share for the quarter. This outcome missed the mark regarding the agreement gauge of $1.14 by ($0.36). In spite of this, Maximus exhibited a profit from a value of 15.11% and a net edge of 3.56%. The organization created $1.19 billion in income during the quarter, somewhat beneath expert expectations of $1.20 billion. In a similar period to the earlier year, Maximus had procured $0.78 EPS. The quarter’s income showed a 5.6% expansion year-over-year.
Various different investigators have additionally given their experiences on the organization’s stock. Stifel Nicolaus initiated coverage on Maximus in a report dated August 18th, 2023, assigning a “buy” rating and a price target of $102.00. Similarly, StockNews.com commenced coverage on Maximus in a report dated August 17th, 2023, with a “hold” rating. Lastly, on August 15th, 2023, TheStreet downgraded Maximus’ stock rating from “b” to “c+.
Maximus Stock Performance Analysis
Maximus, listed on the NYSE as MMS, commenced trading at $80.67 on Friday. The organization holds a significant market capitalization of $4.90 billion and flaunts a Price-earning relationship of 28.81, joined by a beta of 0.69. Following its new patterns, Maximus holds a 50-day moving normal cost of $83.61 and a 200-day moving normal cost of $81.75. Its financial stability is evidenced by a quick and current ratio both at 1.46 while maintaining a favorable debt-to-equity ratio of 0.75. Impressively, Maximus has achieved a 12-month trading range of $54.46 to $89.69, showcasing its market resilience.
Institutional Investment Insights
In the realm of institutional investment, several noteworthy changes have been observed. Strs Ohio, a prominent institutional investor, has substantially increased its holdings by 8.6% during the 1st quarter, amassing 6,300 additional shares of Maximus. Similarly, Thrivent Financial for Lutherans has made a significant leap, growing its holdings by a staggering 1,722.6% in the 4th quarter, now owning a considerable 638,291 shares. Another participant, GHP Investment Advisors Inc., expanded its holdings by 3.3% during the 1st quarter, adding 769 shares to their portfolio. Not to be outdone, Commonwealth of Pennsylvania Public School Employees Retained SYS heightened its holdings by 13.5% during the 4th quarter, acquiring an additional 3,232 shares. Lastly, Resources Management Corp CT ADV made an exceptional move, boosting their holdings by 2,100.0% in the 1st quarter, reflecting a keen interest in the company’s growth potential. Notably, institutional investors and hedge funds collectively hold 98.76% of Maximus’s stock.
Insider Activities at Maximus
Shedding light on insider activities, CEO Bruce Caswell executed a notable stock acquisition on Friday, August 4th. Acquiring 3,141 shares at an average cost of $79.07 per share, the transaction amounted to $248,358.87. Following this purchase, the CEO’s direct ownership in the company now stands at 210,484 shares, with an approximate value of $16,642,969.88. Moreover, Director Michael J. Warren carried out a stock sale on Wednesday, August 16th, divesting 2,490 shares at an average price of $79.53, totaling $198,029.70. Subsequently, the director’s direct ownership comprises 3,890 shares, valued at around $309,371.70. These activities have been duly disclosed in compliance with the Securities & Exchange Commission guidelines. Notably, insiders collectively possess 1.30% of the company’s total stock.
Maximus‘s Dividend Update
In terms of shareholder benefits, Maximus recently announced a quarterly dividend scheduled for payment on Thursday, August 31st. Financial backers of record as of Tuesday, August 15 will get a profit of $0.28. It’s essential to take note that the ex-profit date for this payout is Monday, August fourteenth. On an annualized premise, this adds up to a profit of $1.12, yielding 1.39%. Maximus maintains a conservative payout ratio of 40.00%, emphasizing its commitment to balanced financial strategies.