Maximus Stock Price, News & Analysis

Maximus (NYSE: MMS) reported a strong Q1 for fiscal 2022 with revenue of $1.15 billion, up 21.7% year-over-year. This growth was driven by acquisitions and ramping startups, though organic revenue declined 3.5% due to reduced COVID-19 response work. The company raised its full-year revenue guidance to $4.5 billion - $4.7 billion and maintained EPS guidance of $4.00 - $4.30. Operating margin slightly decreased to 7.1%. A quarterly dividend of $0.28 per share will be paid on February 28, 2022. CEO Bruce Caswell noted the importance of adapting to evolving government needs amid the pandemic.

Maximus (NYSE: MMS) is set to release its financial results for the three months ending December 31, 2021, on February 3, 2022, at 6:30 a.m. ET. A conference call will follow at 9:00 a.m. ET, which will be open to the public via webcast and by phone. Maximus has been dedicated to helping governments serve citizens since 1975, providing technology solutions and business process management across various countries. More details can be found on maximus.com.

Maximus (NYSE: MMS) announced a quarterly cash dividend of $0.28 per share, payable on February 28, 2022. Shareholders of record by February 15, 2022 will receive this payout. The company, a leader in government services since 1975, focuses on improving the efficiency of government-sponsored programs. With over 34,000 employees globally, Maximus aims to enhance citizen engagement with government services.

Maximus (NYSE: MMS) reported a 22.9% increase in revenue for fiscal year 2021, totaling $4.25 billion, primarily driven by $1.1 billion from COVID-19 services and acquisitions contributing $322.7 million. Operating margin rose to 9.6%, with diluted EPS increasing to $4.67. The company forecasts FY2022 revenue between $4.40 billion and $4.60 billion, and diluted EPS between $4.00 and $4.30, reflecting anticipated operational momentum following the public health emergency.

Maximus (NYSE: MMS) will release its financial results for the third quarter and fiscal year ending September 30, 2021, on November 18, 2021, at 6:30 a.m. ET. A conference call will follow at 9:00 a.m. ET, which will be open to the public via webcast and phone. The company, with a workforce of over 34,000, focuses on enhancing government services across multiple countries, including the US, Canada, Australia, and the UK. For further details, interested parties can access information through the investor relations website.

Maximus has secured a $323 million contract with the Securities and Exchange Commission (SEC), expanding its support for the EDGAR system. This 10-year contract involves enhancing IT infrastructure, digital transformation, agile software development, and cybersecurity services. As the incumbent through the acquisition of Attain, Maximus will maintain comprehensive EDGAR application operations and filer support. This contract underscores Maximus's role in helping agencies achieve critical IT modernization goals.

Maximus (NYSE:MMS) has officially received approval from the U.S. Department of Education to transfer the servicing of 5.6 million student loan accounts from Navient. The transition, set for year-end, will see these accounts moved to Maximus's servicing arm, Aidvantage. Approximately 800 former Navient employees will join Maximus to facilitate this process. The deal emphasizes Maximus's commitment to enhancing borrower experience and fulfilling Federal Student Aid's mission.

Maximus (NYSE: MMS) has announced a quarterly cash dividend of $0.28 per share, scheduled for payment on November 30, 2021. Shareholders of record by November 15, 2021 will receive this dividend. Established in 1975, Maximus provides essential government services globally, with around 34,000 employees. Their mission focuses on enhancing government engagement with citizens across various health and human services programs.