MMS Stock - Maximus, Inc.
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Financial Statements
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Revenue | $5.43B | $5.31B | $4.90B | $4.63B | $4.25B |
| Gross Profit | $1.25B | $1.16B | $934.02M | $849.35M | $902.62M |
| Gross Margin | 23.0% | 21.9% | 19.0% | 18.3% | 21.2% |
| Operating Income | $576.75M | $491.72M | $295.37M | $311.78M | $419.35M |
| Net Income | $319.03M | $306.91M | $161.79M | $203.83M | $291.20M |
| Net Margin | 5.9% | 5.8% | 3.3% | 4.4% | 6.8% |
| EPS | $5.56 | $5.03 | $2.65 | $3.30 | $4.69 |
Maximus, Inc. provides business process services (BPS) to government health and human services programs. It operates through three segments: U.S. Services, U.S. Federal Services, and Outside the U.S. The U.S. Services segment offers various BPS solutions, such as program administration, appeals and assessments, and related consulting works for U.S. state and local government programs, including the Affordable Care Act, Medicaid, the Children's Health Insurance Program, Temporary Assistance to Needy Families, child support programs, Preadmission Screening and Resident Reviews, and Independent Developmental Disability assessments. This segment also provides program eligibility support and enrollment; centralized multilingual customer contact centers, multichannel, and digital self-service options for enrollment; application assistance and independent health plan choice counseling; beneficiary outreach, education, eligibility, enrollment, and redeterminations; person-centered independent disability, long-term sick, and other health assessments; and specialized consulting services. The U.S. Federal Services segment offers centralized citizen engagement centers and support services; document and record management; case management, citizen support, and consumer education; independent medical reviews and worker's compensation benefit appeals; Medicare and Medicaid appeals; and federal marketplace eligibility appeals. This segment also provides modernization of systems and information technology infrastructure; infrastructure operations and support services; software development, operations, and management services; and data analytics services. The Outside the U.S. segment offers BPS solutions for governments and commercial clients outside the United States, including health and disability assessments, program administration for employment services, and other job seeker-related services. The company was incorporated in 1975 and is headquartered in Tysons, Virginia.
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Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| January 2nd 2025 | Raymond James | Upgrade | Outperform | $90 |
| January 3rd 2024 | Raymond James | Downgrade | Market Perform | - |
| August 18th 2023 | Stifel | Initiation | Buy | $102 |
Earnings History & Surprises
MMSEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | May 6, 2026 | — | — | — | — |
Q1 2026 | Feb 5, 2026 | $1.84 | — | — | — |
Q4 2025 | Nov 20, 2025 | $1.67 | $1.62 | -3.0% | ✗ MISS |
Q3 2025 | Aug 7, 2025 | $1.39 | $2.16 | +55.4% | ✓ BEAT |
Q2 2025 | May 8, 2025 | $1.37 | $2.01 | +46.7% | ✓ BEAT |
Q1 2025 | Feb 6, 2025 | $1.39 | $1.61 | +15.8% | ✓ BEAT |
Q4 2024 | Nov 20, 2024 | $1.49 | $1.46 | -2.0% | ✗ MISS |
Q3 2024 | Aug 7, 2024 | $1.34 | $1.46 | +9.0% | ✓ BEAT |
Q2 2024 | May 8, 2024 | $1.02 | $1.31 | +28.4% | ✓ BEAT |
Q1 2024 | Feb 7, 2024 | $1.01 | $1.04 | +3.0% | ✓ BEAT |
Q4 2023 | Nov 15, 2023 | $1.03 | $0.96 | -6.8% | ✗ MISS |
Q3 2023 | Aug 2, 2023 | $1.14 | $0.78 | -31.6% | ✗ MISS |
Q2 2023 | May 3, 2023 | $0.78 | $0.80 | +2.6% | ✓ BEAT |
Q1 2023 | Feb 8, 2023 | $0.79 | $0.94 | +19.0% | ✓ BEAT |
Q4 2022 | Nov 21, 2022 | $0.70 | $1.13 | +61.4% | ✓ BEAT |
Q3 2022 | Aug 3, 2022 | $0.98 | $0.78 | -20.4% | ✗ MISS |
Q2 2022 | May 4, 2022 | $0.72 | $0.80 | +11.1% | ✓ BEAT |
Q1 2022 | Feb 3, 2022 | $0.77 | $0.85 | +10.4% | ✓ BEAT |
Q4 2021 | Nov 18, 2021 | $0.87 | $0.83 | -4.6% | ✗ MISS |
Q3 2021 | Aug 5, 2021 | $1.09 | $1.51 | +38.5% | ✓ BEAT |
Latest News
MMS stock has given up its prior loss. Maximus shares were trading lower after the company reported Q4 financial results and issued FY26 adjusted EPS guidance above estimates.
📈 PositiveMaximus shares are trading lower after the company reported Q4 financial results and issued FY26 adjusted EPS guidance above estimates.
➖ NeutralMaximus Sees FY2026 Adj EPS $7.95-$8.25 vs $7.45 Est; Sees Sales $5.225B-$5.425B vs $5.454B Est
📈 PositiveMaximus Q4 Adj. EPS $1.62 Misses $1.67 Estimate, Sales $1.318B Miss $1.341B Estimate
📉 NegativeMaximus Bags $86M Joint Cyber Command & Control Readiness Contract From US AFLCMC/HNCJ CCSD To Enhance Interoperability And Deliver Innovative Solutions
📈 PositiveMaximus Secures $31M Contract To Provide Premium Billing And Digital Services For Massachusetts Health Connector
📈 PositiveMaximus Awarded Pennsylvania's Department of Human Services $62M Contract To Continue Administration Of Pennsylvania Enrollment Assistance Program
📈 PositiveMaximus Approves $400M Stock Buyback To Boost Shareholder Value
📈 PositiveFrequently Asked Questions about MMS
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