Maximus raises FY24 EPS view to $5.20-$5.50 from $5.05-$5.35

EPS consensus $5.32. Backs FY24 revenue view of $5.05B-$5.20B, consensus $5.15B. Adjusted EBITDA margin expansion is expected to be approximately 300 basis points. Free cash flow is now expected to range between $300 million and $350 million as a result of the increased earnings guidance. Other estimates include interest expense of approximately $73 million, an effective income tax rate between 24.5% and 25.5%, and weighted average shares outstanding between 62.0 million and 62.2 million shares for fiscal year 2024.