Free Post Earnings Research Report: MAXIMUS’ EPS Surged 17.8%

LONDON, UK / ACCESSWIRE / December 26, 2017 / Active-Investors.com has just released a free earnings report on MAXIMUS, Inc. (NYSE: MMS). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=MMS. The Company posted its financial results on November 09, 2017, for the fourth quarter of the fiscal year 2017. The government health services provider's revenue and EPS surpassed analysts' expectations. Register today and get access to over 1000 Free Research Reports by joining our site below:

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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, MAXIMUS most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

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Earnings Highlights and Summary

For the three months ended September 30, 2017, MAXIMUS' revenue decreased 0.4% to $620.90 million from $623.09 million in Q4 FY16. The Company's revenue numbers surpassed analysts' expectations of $606.9 million.

During FY17, the Company's revenue increased 2% to $2.45 billion from $2.40 billion in FY16.

During Q4 FY17, MAXIMUS' gross profit increased 6.3% to $162.58 million from $152.93 million in the same period of last year. For the reported quarter, the Company's gross margin increased 170 basis points to 26.2% of revenue from 24.5% of revenue in Q4 FY16.

During FY17, the Company's gross profit increased 8.8% to $611.91 million from $562.19 million in FY16. During FY17, the Company's gross margin increased 160 basis points to 25% of revenue from 23.4% of revenue in FY16.

During Q4 FY17, MAXIMUS' operating income decreased 4.6% to $77.59 million from $81.31 million in the comparable period of last year. For the reported quarter, the Company's operating margin decreased 50 basis points to 12.5% of revenue from 13.0% of revenue in Q4 FY16.

During FY17, the Company's operating income increased 9.4% to $313.51 million from $286.60 million in FY16. During FY17, the Company's operating margin increased 90 basis points to 12.8% of revenue from 11.9% of revenue in FY16.

During Q4 FY17, MAXIMUS' earnings before tax (EBT) decreased 2.7% to $78.38 million from $80.56 million in the corresponding period of last year. For the reported quarter, the Company's EBT margin decreased 30 basis points to 12.6% of revenue from 12.9% of revenue in Q4 FY16.

For the reported quarter, MAXIMUS' net income increased 5.1% to $53.33 million on a y-o-y basis from $50.74 million in Q4 FY16. During Q4 FY17, the Company's diluted earnings per share (EPS) increased 5.2% $0.81 on a y-o-y basis from $0.77 in Q4 FY16, surpassing analysts' expectations of $0.77.

During FY17, the Company's net income increased 17.4% to $209.43 million from $178.36 million in FY16. During FY17, the Company's diluted EPS increased 17.8% to $3.17 from $2.69 in FY16.

Segment Details

Health Services - During Q4 FY17, the Company's Health Services segment's revenue increased 3.9% to $355.34 million from $342.14 million in the same period of last year. For the reported quarter, the segment's gross profit increased 23.1% to $99.37 million from $80.72 million in Q4 FY16. For the reported quarter, the segment's operating income increased 12.1% to $57.02 million from $50.87 million in Q4 FY16.

US Federal Services - During Q4 FY17, the Company's US Federal Services segment's revenue decreased 13.2% to $127.32 million from $146.65 million in the comparable period of last year. For the reported quarter, the segment's gross profit decreased 15.9% to $31.55 million from $37.53 million in Q4 FY16. For the reported quarter, the segment's operating income decreased 26.8% to $13.58 million from $18.56 million in Q4 FY16.

Human Services - During Q4 FY17, the Company's Human Services segment's revenue increased 2.9% to $138.25 million from $134.31 million in the corresponding period of last year. For the reported quarter, the segment's gross profit decreased 8.7% to $31.67 million from $34.68 million in Q4 FY16. For the reported quarter, the segment's operating income decreased 25.5% to $10.82 million from $14.53 million in Q4 FY16.

Balance Sheet

As on September 30, 2017, MAXIMUS' cash and cash equivalents increased 151.1% to $166.25 million from $66.20 million as on September 30, 2016. For the reported quarter, the Company's long-term debt decreased 99.7% to $527,000 from $165.34 million in Q4 FY16.

For the reported quarter, the Company's operating cash flow increased 18.4% to $85.10 million from $71.89 million in Q4 FY16. For the reported quarter, the Company's free cash flow increased 34.3% to $80.04 million from $59.61 million in Q4 FY16.

Outlook

For Q1 FY18, the Company expects revenue to be in the range of $2.48 billion - $2.55 billion, and adjusted diluted EPS to be in the band of $3.07 - $3.27.

Stock Performance Snapshot

December 22, 2017 - At Friday's closing bell, MAXIMUS' stock was slightly down 0.21%, ending the trading session at $71.03.

Volume traded for the day: 315.15 thousand shares, which was above the 3-month average volume of 299.12 thousand shares.

Stock performance in the last month – up 5.79%; previous three-month period – up 10.31%; past twelve-month period – up 31.27%; and year-to-date – up 27.32%

After last Friday's close, MAXIMUS' market cap was at $4.64 billion.

Price to Earnings (P/E) ratio was at 22.41.

The stock has a dividend yield of 0.25%.

The stock is part of the Services sector, categorized under the Business Services industry. This sector was flat at the end of the session.

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