First Advantage (FA) Set to Announce Earnings on Thursday

First Advantage (NYSE:FA) will issue its quarterly earnings data before the market opens on Thursday, May 9th. Analysts expect the company to announce earnings of $0.17 per share for the quarter. First Advantage has set its FY 2024 guidance at 0.880-0.980 EPS and its FY24 guidance at $0.88-0.98 EPS.Parties that wish to register for the company’s conference call can do so using this link.

First Advantage (NYSE:FA) last issued its quarterly earnings data on Thursday, February 29th. The company reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.01). First Advantage had a return on equity of 13.84% and a net margin of 4.88%. The business had revenue of $202.56 million during the quarter, compared to the consensus estimate of $211.05 million. On average, analysts expect First Advantage to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

First Advantage Stock Performance

Shares of FA stock opened at $16.34 on Wednesday. First Advantage has a 12-month low of $12.10 and a 12-month high of $17.49. The firm has a market capitalization of $2.37 billion, a price-to-earnings ratio of 66.12, a price-to-earnings-growth ratio of 2.17 and a beta of 1.18. The business has a 50 day simple moving average of $15.92 and a 200 day simple moving average of $15.69. The company has a debt-to-equity ratio of 0.62, a current ratio of 4.39 and a quick ratio of 4.39.

Analyst Ratings Changes

FA has been the subject of a number of recent analyst reports. William Blair initiated coverage on First Advantage in a report on Tuesday, April 23rd. They issued an “outperform” rating for the company. Evercore ISI increased their price target on First Advantage from $17.00 to $18.00 and gave the company an “outperform” rating in a research note on Tuesday, March 26th. Finally, Stifel Nicolaus increased their price target on First Advantage from $16.00 to $21.00 and gave the company a “buy” rating in a research note on Thursday, March 14th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $18.00.

Insider Buying and Selling at First Advantage

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

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.