MAXIMUS, Inc. (MMS - Free Report) yesterday announced that it has expanded contact-tracing work in five states, Florida, Indiana, Kentucky, Missouri and Arizona. The company has been recruiting, hiring, training and deploying home-based contract tracers and disease investigators since April to support governmental programs.
To date more than 5700 home-based agents, including more than 1800 contract tracers and disease investigators, have already been deployed. The company stated that it has successfully helped programs contact 75% of COVID-19-positive individuals, reaching most of them within 24 hours.
“Key to making contact tracing successful is engagement of community leaders and local resources to create support and trust in the program," said Ilene Baylinson, general manager of U.S. Health and Human Services, Maximus.
Along with providing a great helping hand to governmental programs, COVID-19-response work such as contact tracing and assistance with unemployment benefits have significantly benefited MAXIMUS’s financial performance, helping it to sail through the testing times. Notably, earnings of $1.04 per share rose 7.2% year over year in third-quarter fiscal 2020. Revenues of $901.3 million increased 23.4%.
MAXIMUS’s shares have gained 45.7% over the past six months, significantly outperforming the 33.1% rally of the industry it belongs to.
Zacks Rank and Stocks to Consider
MAXIMUS currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the broader Zacks Business Services sector are TeleTech Holdings (TTEC - Free Report) , BG Staffing (BGSF - Free Report) and Elastic N.V. (ESTC - Free Report) . While TeleTech and BG Staffing sport a Zacks Rank #1 (Strong Buy), Elastic carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The long-term expected earnings per share (three to five years) growth rate for TeleTech, BG Staffing and Elastic is 12%, 20% and 26%, respectively.
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