First Advantage (NYSE:FA) Issues Earnings Results

First Advantage (NYSE:FA) released its earnings results on Tuesday. The company reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.01, Briefing.com reports. The company had revenue of $199.10 million for the quarter, compared to analyst estimates of $204.39 million. First Advantage had a net margin of 0.65% and a return on equity of 13.21%. The firm’s quarterly revenue was down .6% on a year-over-year basis. During the same period in the prior year, the business earned $0.25 EPS. First Advantage updated its FY 2024 guidance to 0.880-0.980 EPS and its FY24 guidance to $0.88-0.98 EPS.

First Advantage Stock Down 0.9 %

NYSE:FA traded down $0.17 during midday trading on Thursday, hitting $17.85. 1,167,644 shares of the company were exchanged, compared to its average volume of 512,948. The company has a fifty day simple moving average of $19.14 and a 200 day simple moving average of $17.61. First Advantage has a fifty-two week low of $13.79 and a fifty-two week high of $20.79. The company has a current ratio of 4.31, a quick ratio of 4.31 and a debt-to-equity ratio of 0.61. The company has a market capitalization of $2.60 billion, a PE ratio of 600.67 and a beta of 1.18.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on FA shares. Needham & Company LLC reiterated a “hold” rating on shares of First Advantage in a report on Wednesday. Truist Financial reduced their price objective on shares of First Advantage from $250.00 to $249.00 and set a “buy” rating on the stock in a report on Monday, July 22nd. Citigroup raised their price objective on shares of First Advantage from $19.00 to $21.00 and gave the company a “neutral” rating in a report on Wednesday, September 25th. Wolfe Research lowered shares of First Advantage from an “outperform” rating to a “peer perform” rating in a report on Thursday, October 10th. Finally, William Blair restated an “outperform” rating on shares of First Advantage in a report on Wednesday. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $77.25.

First Advantage Company Profile

First Advantage Corporation provides employment background screening, identity, and verification solutions worldwide. It offers pre-onboarding products and solutions, such as criminal background checks, drug/health screening, extended workforce screening, FBI channeling, identity checks and biometric fraud mitigation tools, education/work history verification, driver records and compliance, healthcare credentials, executive screening, and other screening products.