MAXIMUS Reports Higher Q4 Profit - Quick Facts

(RTTNews) - MAXIMUS Inc. (MMS), a provider of government services worldwide, said its fourth-quarter net income advanced to $35.63 million, or $0.51 per share, from $23.67 million, or $0.34 per share, last year. On average, 7 analysts polled by Thomson Reuters expected earnings per share of $0.50 for the quarter. Analysts' estimates typically exclude one-time items.

For the fourth quarter of fiscal 2013, revenue increased 28% to $384.34 million, from $300.74 million last year, driven by growth in the Health Segment. Analysts estimated revenues of $359.35 million for the quarter. Organic revenue growth was 23%; whereas on a on a constant currency basis it grew by 30%.

Looking ahead, the company is formalizing its fiscal 2014 revenue and earnings guidance; and still sees revenue to range between $1.555 billion and $1.650 billion and earnings per share between $1.75 and $1.85. This guidance excludes any future mergers and acquisition activity or any significant legal expenses or recoveries. Analysts project earnings per share of $1.85 on $1.61 billion in revenue for fiscal 2014.