MAXIMUS Guides FY20 In Line With Estimates - Quick Facts

(RTTNews) - While reporting financial results for the fourth quarter and full-year 2019 on Tuesday, MAXIMUS, Inc. (MMS) initiated earnings and revenue guidance for the full year 2020.

For fiscal 2020, the company currently expects earnings in a range of $3.95 to $4.15 per share, on revenues between $3.15 billion and $3.30 billion.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $4.07 per share on revenues of $3.17 billion for the year. Analysts' estimates typically exclude special items.

The company also said it expects cash flows from operations to range between $300 million and $350 million, and free cash flow to range between $275 million and $325 million.

Bruce Caswell, President and Chief Executive Officer of MAXIMUS, commented, "As we look into fiscal 2020 and beyond, we are pleased with the substantial progress we have made on our strategic plan to lead a digital transformation, grow our clinically related services, and expand in key priority markets and adjacencies."