Welcome to our dedicated page for MAXIMUS news (Ticker: MMS), a resource for investors and traders seeking the latest updates and insights on MAXIMUS stock.
Maximus, Inc. reports developments tied to its role as a provider of tech-enabled government services for public programs. The company supports government agencies with business process management, technology solutions, health insurance eligibility and enrollment programs, clinical services, assessments, appeals and independent medical reviews across U.S. Federal Services, U.S. Services and international operations.
Recurring news includes fiscal results, guidance updates, sales-pipeline commentary, segment trends, clinical program demand and productivity initiatives. Company updates also cover AI-enabled tools such as Accuracy Assistant for state SNAP programs, quarterly cash dividends, common-stock repurchase authorizations and governance changes involving senior legal and corporate-secretary roles.
Maximus (NYSE: MMS) has completed the acquisition of the Federal division of Attain, LLC for $430 million, enhancing its digital transformation strategy. Attain Federal brings advanced technology services like AI and machine learning to support U.S. Federal Government agencies. Expected to generate $120-$140 million in revenue in fiscal 2021, the acquisition aligns with Maximus' growth objectives in the federal market. While slightly dilutive in fiscal 2021 due to one-time expenses, it is projected to be accretive in fiscal 2022.
Maximus (NYSE: MMS) has announced its support for seven state vaccination programs by providing COVID-19 vaccine information and hotline services. The states involved include California, Colorado, New York, and the District of Columbia. The company aims to alleviate the high volume of vaccination requests and manage case backlogs. Maximus has deployed over 4,200 work-from-home agents since December 2020 to facilitate vaccine rollouts, utilizing cloud-based engagement capabilities to promote public confidence in vaccinations.
Maximus (NYSE: MMS) reported strong financial results for Q1 FY2021, with revenue increasing 15.6% to $945.6 million, up from $818.2 million a year earlier. The growth was driven by COVID-response initiatives, contributing approximately $160 million in revenue. Operating income was $87.6 million, reflecting a 9.3% margin. The company raised its fiscal 2021 guidance, expecting revenue between $3.400 billion and $3.525 billion and diluted EPS between $3.55 and $3.75. A quarterly dividend of $0.28 will be payable on February 26, 2021.
Maximus (NYSE: MMS) will release its financial results for the quarter ending December 31, 2020, on February 4, 2021, at 6:30 a.m. ET. A conference call will follow at 9:00 a.m. ET, accessible via webcast or by phone. Maximus, founded in 1975, focuses on helping government agencies improve citizen engagement through innovative solutions.
Maximus (NYSE: MMS) announced a quarterly cash dividend of $0.28 per share, set for payment on February 26, 2021. The record date for shareholders is February 12, 2021. Since its inception in 1975, Maximus has committed to Helping Government Serve the People® by providing innovative business process management and technology solutions for government services.
Summary not available.
Maximus (NYSE:MMS) has received notable recognition at the 2020 MarCom Awards, winning two awards and two honorable mentions for its digital media and strategic communications campaigns. Key highlights include the Platinum Award for Integrated Marketing in support of the IRS, and a Gold Award for a web video celebrating NOAA's 50th anniversary. The MarCom Awards is one of the largest creative competitions globally, attracting around 6,000 entries annually from various countries.
Summary not available.
Maximus (NYSE: MMS) reported fiscal 2020 results with revenue of $3.46 billion, up from $2.89 billion, driven by the Census contract and COVID-19 response efforts. Organic growth was 15.7%, but diluted earnings per share fell to $3.39 from $3.72 due to operational challenges and a shift towards cost-plus contracts. The U.S. Services Segment revenue grew 13% to $1.33 billion, while the Outside the U.S. Segment revenue dropped to $498.9 million. For fiscal 2021, Maximus projects revenue between $3.20 billion and $3.40 billion.
Maximus (NYSE: MMS) will release its financial results for the fiscal year ending September 30, 2020, on November 19, 2020, at 6:30 a.m. ET. A conference call will follow at 9:00 a.m. ET, accessible via webcast or by phone. The call is open to the public. Maximus, founded in 1975, supports government agencies in delivering health and human services globally, emphasizing efficiency and improved outcomes. The company operates in several countries and employs around 30,000 individuals.