MAXIMUS (MMS) reported quarterly earnings results on Thursday, May-5-2016. The company said it had a profit of $0.74 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.12. Analysts had a consensus of $0.62. The company posted revenue of $606.50 million in the period, compared to analysts expectations of $600.99 million. The company’s revenue was up 25.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.60 EPS.
MAXIMUS closed down -0.48 points or -0.92% at $51.79 with 3,22,152 shares getting traded on Wednesday. Post opening the session at $51.92, the shares hit an intraday low of $51.155 and an intraday high of $52.15 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
In a different news, on Mar 2, 2016, Russell A Beliveau (director) sold 1,000 shares at $49.35 per share price. According to the SEC, on Nov 19, 2015, Peter Pond (director) purchased 14,375 shares at $52.27 per share price. On Nov 13, 2015, Richard John Nadeau (CFO) purchased 1,000 shares at $53.16 per share price, according to the Form-4 filing with the securities and exchange commission.
MAXIMUS Inc. provides business process services (BPS) to Government health and human services agencies. The Company is primarily focused on operating Government-sponsored programs such as Medicaid children’s health insurance program (CHIP) health insurance exchanges and other health care reform initiatives Medicare welfare-to-work child support services and other Government programs. It provides health and human services to Governments in the United States Australia Canada the United Kingdom and Saudi Arabia. The Company’s United States federal services business provides various contract vehicles. The Company’s Health Services segment provides a range of business process services as well as related consulting services for state provincial and federal Government programs. The Company’s Human Services segment provides federal national state and county human services agencies with a range of business process services as well as related consulting services.