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Here's Why Investors Should Retain Maximus (MMS) Stock Now
Maximus, Inc. (MMS - Free Report) currently benefits from a solid track record of dividend payments.
MMS revenues are anticipated to grow 6.8% and 1.1% in 2022 and 2023, respectively.
Factors That Augur Well
Maximus has a solid track record of dividend payments. During fiscal 2021, 2020 and 2019, MAXIMUS paid out cash dividends of $68.8 million, $70.2 million and $63.9 million, respectively. Such moves indicate MAXIMUS’ commitment to creating value for its shareholders and underline its confidence in its business.
With more than 40 years of experience, MAXIMUS has over the years grown to be a leading operator of government health and human services programs globally. MMS’ business process management expertise, and its ability to deliver cost-effective, efficient and high-scale solutions position it well as a lucrative partner to governments.
Some Risks
MAXIMUS' current ratio at the end of the June quarter was pegged at 1.47, lower than the current ratio of 1.52, reported at the end of the prior-year quarter. Decreasing current ratio is not desirable as it indicates that the company may have problems meeting its short-term obligations.
Zacks Rank and Stocks to Consider
MAXIMUS' currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Some better-ranked stocks in the broader Zacks Business Services sector are Genpact Limited (G - Free Report) , Automatic Data Processing, Inc. (ADP - Free Report) and CRA International, Inc. (CRAI - Free Report) .
Genpact carries a Zacks #2 Ranked at present. G has a long-term earnings growth expectation of 12.2%.
Genpact delivered a trailing four-quarter earnings surprise of 10.1%, on average.
ADP carries a Zacks Rank #2 (Buy) at present. ADP has a long-term earnings growth expectation of 12%.
ADP delivered a trailing four-quarter earnings surprise of 5%, on average.
CRA International carries a Zacks Rank of 2, currently. CRAI has a long-term earnings growth expectation of 14.3%.
CRAI delivered a trailing four-quarter earnings surprise of 26%, on average.