First Advantage (NYSE:FA) Announces Quarterly Earnings Results

First Advantage (NYSE:FA) released its earnings results on Tuesday. The company reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.01, Briefing.com reports. The firm had revenue of $199.10 million during the quarter, compared to the consensus estimate of $204.39 million. First Advantage had a return on equity of 13.94% and a net margin of 3.24%. The company’s revenue was down .6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.25 earnings per share. 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 Price Performance

Shares of NYSE FA traded down $0.56 during trading on Wednesday, reaching $18.02. The company had a trading volume of 323,473 shares, compared to its average volume of 503,729. The business’s 50 day moving average price is $19.15 and its 200-day moving average price is $17.61. The stock has a market cap of $2.62 billion, a PE ratio of 115.76 and a beta of 1.18. First Advantage has a 52 week low of $13.79 and a 52 week high of $20.79. The company has a debt-to-equity ratio of 0.61, a quick ratio of 4.31 and a current ratio of 4.31.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Citigroup upped their price objective on First Advantage from $19.00 to $21.00 and gave the company a “neutral” rating in a report on Wednesday, September 25th. William Blair restated an “outperform” rating on shares of First Advantage in a report on Wednesday. Truist Financial lowered their target price on shares of First Advantage from $250.00 to $249.00 and set a “buy” rating for the company in a report on Monday, July 22nd. Finally, Wolfe Research lowered shares of First Advantage from an “outperform” rating to a “peer perform” rating in a research report on Thursday, October 10th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, First Advantage currently has an average rating of “Moderate Buy” and a consensus 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.