First Advantage (NYSE:FA – Get Free Report) issued an update on its FY24 earnings guidance on Thursday morning. The company provided earnings per share guidance of $0.88 to $0.98 for the period, compared to the consensus earnings per share estimate of $0.93. The company issued revenue guidance of $750 million to $800 million, compared to the consensus revenue estimate of $771.99 million. First Advantage also updated its FY 2024 guidance to 0.880-0.980 EPS.
First Advantage Stock Performance
Shares of First Advantage stock traded down $0.19 during trading on Friday, hitting $16.98. 498,098 shares of the stock were exchanged, compared to its average volume of 432,819. The stock’s fifty day moving average is $16.41 and its 200 day moving average is $16.30. The stock has a market cap of $2.47 billion, a PE ratio of 77.18, a P/E/G ratio of 3.27 and a beta of 1.14. The company has a debt-to-equity ratio of 0.62, a quick ratio of 4.29 and a current ratio of 4.29. First Advantage has a 12 month low of $12.46 and a 12 month high of $17.49.
First Advantage (NYSE:FA – Get Free Report) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.21 EPS for the quarter, hitting the consensus estimate of $0.21. The business had revenue of $184.55 million during the quarter, compared to analyst estimates of $184.66 million. First Advantage had a net margin of 4.28% and a return on equity of 14.12%. The company’s quarterly revenue was down .4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.24 earnings per share. As a group, sell-side analysts anticipate that First Advantage will post 0.83 EPS for the current year.
Wall Street Analysts Forecast Growth
View Our Latest Stock Analysis on FA
Insider Activity
In other news, insider Joseph K. Jaeger sold 7,331 shares of the stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $16.08, for a total value of $117,882.48. Following the completion of the sale, the insider now directly owns 688,967 shares of the company’s stock, valued at $11,078,589.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other First Advantage news, Director James Lindsey Clark sold 2,100 shares of First Advantage stock in a transaction on Wednesday, June 26th. The stock was sold at an average price of $15.48, for a total transaction of $32,508.00. Following the completion of the transaction, the director now directly owns 42,927 shares of the company’s stock, valued at $664,509.96. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Joseph K. Jaeger sold 7,331 shares of the firm’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $16.08, for a total value of $117,882.48. Following the completion of the sale, the insider now owns 688,967 shares of the company’s stock, valued at $11,078,589.36. The disclosure for this sale can be found here. Over the last three months, insiders sold 15,034 shares of company stock valued at $241,439. 5.30% of the stock is owned by company 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.
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