MAXIMUS Reports Fourth Quarter Fiscal Year 2023 Earnings Results on November 16, 2023

🌥️Earnings Overview

On November 16, 2023, MAXIMUS ($NYSE:MMS) reported its financial results for the fourth quarter of its fiscal year 2023, ending on September 30, 2023. Total revenue amounted to USD 1260.0 million, representing an increase of 7.0% from the same period in the prior year. Despite this, net income decreased by 14.4% to USD 59.2 million.

Price History

At the start of trading, MAXIMUS stock opened at $78.7 and closed at $82.8, up by 5.0% from the previous closing price of $78.8. Investors were clearly pleased with the earnings results as the stock pushed higher during the session. With MAXIMUS stock trading at $82.8, analysts are expecting to see further gains in the future as investor confidence builds off of these results. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Maximus. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Maximus. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Maximus. More…

Key Ratios Snapshot

Some of the financial key ratios for Maximus are shown below. More…

Analysis

GoodWhale’s analysis of MAXIMUS‘ fundamentals led to its classification as a ‘rhino’, a type of company that has achieved moderate revenue or earnings growth. We believe that investors looking for dividend income and solid profitability would be interested in this type of stock. Specifically, this company stands out in dividends and profitability, while it has medium growth and weak assets. MAXIMUS scores highly on the health scale, with an 8/10. This indicates that the company is capable of paying off its debt and funding future operations from its cash flows. More…

Peers

– Calian Group Ltd ($TSX:CGY)

Calian Group Ltd is a Canadian company that provides professional and technical services to businesses and governments. Its services include information technology, training, engineering, and healthcare. As of 2022, Calian Group Ltd had a market capitalization of 642.4 million and a return on equity of 4.41%. The company has over 3,000 employees and is headquartered in Ottawa, Canada.

– DLH Holdings Corp ($NASDAQ:DLHC)

DLH Holdings Corp is a provider of professional and technical services to the U.S. federal government. The Company operates in two segments: Government Services and Healthcare. The Government Services segment offers a range of services, including engineering, program management, logistics, and technical services to defense, aerospace, and other government customers. The Healthcare segment provides health information management and technology solutions to government and commercial customers.

– Hills Ltd ($ASX:HIL)

Hills Ltd is a company that is involved in the design, manufacture, and distribution of products and solutions for the infrastructure, communications, and security markets. The company has a market capitalization of 13.22 million as of 2022 and a return on equity of -28.57%. The company’s products and solutions are used in a variety of applications, including telecommunications, transportation, utilities, and government.

Summary

MAXIMUS reported its earnings results for the fourth quarter of its fiscal year 2023, ending on September 30 2023. The company achieved a 7.0% increase in total revenue from the same period of the previous year, amounting to USD 1260.0 million.

However, net income decreased by 14.4%, to USD 59.2 million. In response to this news, the stock price moved up on the same day. Considering the revenue growth and the impact of the decrease in net income, investors may view MAXIMUS as a good potential investment opportunity. Furthermore, its financial performance suggests that the company is well managed and has strong potential for further growth.