MAXIMUS Boosts FY21 Outlook; Declares Dividend - Quick Facts

While reporting financial results for the second quarter on Thursday, MAXIMUS, Inc. (MMS) raised its earnings and revenue guidance for the full year 2021, driven by recent awards, scope increases, and contract extensions related to COVID-19 response work.

For fiscal 2021, the company now projects earnings in a range of $4.20 to $4.40 per share, on revenues between $4.00 billion and $4.20 billion.

Previously, the company expected earnings in a range of $3.55 to $3.75 per share, on revenues between $3.400 billion and $3.525 billion.

On average, five analysts polled by Thomson Reuters expect the company to report earnings of $3.65 per share on revenues of $3.63 billion for the year. Analysts' estimates typically exclude special items.

The company also declared a quarterly cash dividend of $0.28 for each share of common stock outstanding, payable on May 28, 2021 to shareholders of record on May 14, 2021.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Boeing expects Europe's commercial aviation fleet to need 8,705 new airplanes through 2040 to cater to the growing leisure travel market in the region and fleet replacements with more fuel-efficient models, according to the Boeing's 2021 Commercial Market Outlook (CMO), an annual forecast of long-term demand for commercial airplanes and services. The U.S. Food and Drug Administration authorized marketing of a software developed by Paige.AI, a provider of AI-based digital diagnostics, which could help pathologists to identify prostate cancer. The software, called Paige Prostate, is the first and only artificial intelligence or AI-based pathology product to receive FDA approval for in vitro diagnostic or IVD use in detecting cancer... General Mills (GIS) said its first-quarter top- and bottom-line results were ahead of its expectations. The company also reaffirmed its fiscal 2022 outlook. Looking forward, General Mills anticipates changes in consumer behaviors driven by the COVID-19 pandemic will result in ongoing elevated consumer...
Follow RTT