First Advantage (NYSE:FA) Releases Earnings Results, Beats Expectations By $0.01 EPS

First Advantage (NYSE:FA) released its earnings results on Tuesday. The company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.01, Briefing.com reports. The business had revenue of $199.10 million for the quarter, compared to analyst estimates of $204.39 million. First Advantage had a return on equity of 13.21% and a net margin of 0.65%. First Advantage’s revenue was down .6% on a year-over-year basis. During the same quarter in the prior 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 Trading Up 0.3 %

FA traded up $0.05 during trading on Thursday, reaching $18.07. 52,433 shares of the company’s stock were exchanged, compared to its average volume of 507,902. The company has a current ratio of 4.31, a quick ratio of 4.31 and a debt-to-equity ratio of 0.61. First Advantage has a one year low of $13.79 and a one year high of $20.79. The firm has a fifty day moving average price of $19.14 and a two-hundred day moving average price of $17.61. The stock has a market capitalization of $2.63 billion, a PE ratio of 600.67 and a beta of 1.18.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. William Blair reiterated an “outperform” rating on shares of First Advantage in a research note on Wednesday. Wolfe Research lowered shares of First Advantage from an “outperform” rating to a “peer perform” rating in a research report on Thursday, October 10th. Needham & Company LLC reaffirmed a “hold” rating on shares of First Advantage in a report on Wednesday. Truist Financial reduced their price target on First Advantage from $250.00 to $249.00 and set a “buy” rating on the stock in a research report on Monday, July 22nd. Finally, Citigroup lifted 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. Three equities 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 presently has an average rating of “Moderate Buy” and a consensus price target of $77.25.

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.