First Advantage (NYSE:FA) Announces Earnings Results

First Advantage (NYSE:FA) released its quarterly earnings data on Tuesday. The company reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.01, Briefing.com reports. The company had revenue of $199.10 million during the quarter, compared to the consensus estimate of $204.39 million. First Advantage had a net margin of 0.65% and a return on equity of 13.21%. First Advantage’s quarterly revenue was down .6% on a year-over-year basis. During the same quarter in the prior year, the firm 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 Performance

Shares of NYSE:FA traded down $0.54 during midday trading on Wednesday, hitting $18.04. The stock had a trading volume of 383,016 shares, compared to its average volume of 504,000. The company has a market capitalization of $2.62 billion, a PE ratio of 23.23 and a beta of 1.18. The stock has a 50 day moving average price of $19.15 and a two-hundred day moving average price of $17.61. 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 1 year low of $13.79 and a 1 year high of $20.79.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Wolfe Research cut shares of First Advantage from an “outperform” rating to a “peer perform” rating in a research note on Thursday, October 10th. 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 lifted their price target on shares of First Advantage from $19.00 to $21.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 25th. Finally, William Blair restated an “outperform” rating on shares of First Advantage in a research note on Wednesday. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, First Advantage currently has an average 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.