First Advantage Co. (NYSE:FA) to Post Q1 2024 Earnings of $0.15 Per Share, William Blair Forecasts

First Advantage Co. (NYSE:FA) – Analysts at William Blair issued their Q1 2024 EPS estimates for shares of First Advantage in a research report issued on Tuesday, April 23rd. William Blair analyst A. Nicholas forecasts that the company will earn $0.15 per share for the quarter. William Blair has a “Outperform” rating on the stock. The consensus estimate for First Advantage’s current full-year earnings is $0.89 per share. William Blair also issued estimates for First Advantage’s Q2 2024 earnings at $0.19 EPS, Q3 2024 earnings at $0.24 EPS, Q4 2024 earnings at $0.27 EPS, FY2024 earnings at $0.83 EPS and FY2025 earnings at $0.94 EPS.

A number of other research firms have also recently commented on FA. Stifel Nicolaus boosted their price target on shares of First Advantage from $16.00 to $21.00 and gave the stock a “buy” rating in a research note on Thursday, March 14th. Evercore ISI boosted their price target on shares of First Advantage from $17.00 to $18.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 26th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $18.00.

First Advantage Price Performance

FA stock opened at $16.41 on Friday. The company has a debt-to-equity ratio of 0.62, a current ratio of 4.39 and a quick ratio of 4.39. First Advantage has a one year low of $12.10 and a one year high of $17.49. The stock has a market cap of $2.38 billion, a PE ratio of 65.64, a P/E/G ratio of 2.02 and a beta of 1.21. The firm has a 50 day simple moving average of $16.01 and a two-hundred day simple moving average of $15.58.

First Advantage (NYSE:FA) last posted its earnings results on Thursday, February 29th. The company reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.01). The firm had revenue of $202.56 million for the quarter, compared to the consensus estimate of $211.05 million. First Advantage had a return on equity of 13.84% and a net margin of 4.88%.

Institutional Investors Weigh In On First Advantage

Several institutional investors have recently added to or reduced their stakes in FA. Bank of New York Mellon Corp boosted its position in First Advantage by 1.0% during the 3rd quarter. Bank of New York Mellon Corp now owns 270,122 shares of the company’s stock valued at $3,725,000 after buying an additional 2,735 shares during the period. Emerald Advisers LLC boosted its position in First Advantage by 36.3% during the 3rd quarter. Emerald Advisers LLC now owns 935,340 shares of the company’s stock valued at $12,898,000 after buying an additional 248,895 shares during the period. Leith Wheeler Investment Counsel Ltd. boosted its position in First Advantage by 67.0% during the 3rd quarter. Leith Wheeler Investment Counsel Ltd. now owns 490,172 shares of the company’s stock valued at $6,759,000 after buying an additional 196,600 shares during the period. Emerald Mutual Fund Advisers Trust raised its holdings in First Advantage by 65.2% in the 3rd quarter. Emerald Mutual Fund Advisers Trust now owns 761,768 shares of the company’s stock worth $10,505,000 after purchasing an additional 300,592 shares in the last quarter. Finally, Nisa Investment Advisors LLC raised its holdings in First Advantage by 102,058.8% in the 3rd quarter. Nisa Investment Advisors LLC now owns 34,734 shares of the company’s stock worth $479,000 after purchasing an additional 34,700 shares in the last quarter. Hedge funds and other institutional investors own 94.91% of the company’s stock.

Insider Activity

In other news, insider Joseph K. Jaeger sold 20,000 shares of the company’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $16.95, for a total value of $339,000.00. Following the completion of the sale, the insider now owns 696,298 shares of the company’s stock, valued at approximately $11,802,251.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 4.70% of the stock is owned by corporate insiders.

About First Advantage

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.