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Maximus (MMS)
NYSE:MMS
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Earnings Data
Report Date
Feb 06, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
1.37Last Year’s EPS
1.34Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 20, 2018
|% Change Since: -6.49%
|Next Earnings Date:Aug 09, 2018
Earnings Call Sentiment|Positive
MAXIMUS delivered strong financial performance in FY 2024 with record revenue growth and significant contract wins. However, challenges such as a low book to bill ratio, a decline in the Outside the US segment, and potential procurement delays due to a new administration were noted.Company Guidance
During the MAXIMUS Fiscal 2024 Fourth Quarter and Year-End Earnings Conference Call, guidance for FY 2025 was provided, forecasting a revenue range of $5.275 billion to $5.425 billion and an adjusted EBITDA margin of approximately 11%. The company anticipates modest organic growth, with a focus on backfilling higher-margin revenue from FY 2024 excess volumes. The forecasted revenue from backlog has increased, and only about two percent of revenue is expected from new work not yet won, reflecting a cautious approach due to potential procurement delays. The U.S. Federal Services segment is expected to maintain a margin near 12%, while the U.S. Services segment is projected to have an 11% margin, and the Outside the U.S. segment is estimated to achieve a 1-3% margin. Additionally, free cash flow for FY 2025 is projected to be between $345 million and $375 million, with capital expenditures trending down towards 1.5% of revenue.Record Organic Revenue Growth
MAXIMUS achieved a record organic revenue growth of 9% in FY 2024, surpassing its mid-single-digit growth target. This included record adjusted earnings per share of $6.11.
Strong Cash Flow and Debt Reduction
The company reported free cash flow of $401 million, representing an 80% growth over the prior year. They also reduced their net leverage to 1.4 times, a nearly full turn of leverage reduction in one year.
Significant New Contract Wins
MAXIMUS secured $2.2 billion in total contract value, including victories like two IRS EDOS task orders and a new AI contract with the Department of Defense.
Federal Services Segment Growth
US Federal Services revenue increased by 13.9% to $2.74 billion, driven by expanded clinical program volumes.
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MMS Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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MMS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 20, 2024 | $80.53 | $74.96 | -6.92% |
| Aug 07, 2024 | $86.97 | $86.78 | -0.22% |
| May 08, 2024 | $83.23 | $82.78 | -0.54% |
| Feb 07, 2024 | $76.85 | $77.70 | +1.11% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Maximus (MMS) report earnings?
Maximus (MMS) is schdueled to report earning on Feb 06, 2025, TBA Not Confirmed.
What is Maximus (MMS) earnings time?
Maximus (MMS) earnings time is at Feb 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is MMS EPS forecast?
MMS EPS forecast for the fiscal quarter 2025 (Q1) is 1.37.
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