First Advantage (NYSE:FA) Releases FY24 Earnings Guidance

First Advantage (NYSE:FAGet Free Report) issued an update on its FY24 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $0.88-0.98 for the period, compared to the consensus estimate of $0.92. The company issued revenue guidance of $750-800 million, compared to the consensus revenue estimate of $771.54 million. First Advantage also updated its FY 2024 guidance to 0.880-0.980 EPS.

Wall Street Analyst Weigh In

A number of research firms have issued reports on FA. William Blair restated an “outperform” rating on shares of First Advantage in a research report on Wednesday. Citigroup boosted their price objective on shares of First Advantage from $19.00 to $21.00 and gave the company a “neutral” rating in a research report on Wednesday, September 25th. Needham & Company LLC reiterated a “hold” rating on shares of First Advantage in a research report on Wednesday. Wolfe Research cut shares of First Advantage from an “outperform” rating to a “peer perform” rating in a research report on Thursday, October 10th. Finally, Truist Financial reduced their price target on shares of First Advantage from $250.00 to $249.00 and set a “buy” rating on the stock in a research report on Monday, July 22nd. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $77.25.

Check Out Our Latest Research Report on FA

First Advantage Trading Down 0.1 %

Shares of NYSE FA traded down $0.02 during midday trading on Thursday, hitting $18.00. 37,621 shares of the company traded hands, compared to its average volume of 507,835. First Advantage has a 12-month low of $13.79 and a 12-month 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. The stock has a 50-day moving average price of $19.14 and a 200 day moving average price of $17.61. The firm has a market cap of $2.62 billion, a P/E ratio of 600.67 and a beta of 1.18.

First Advantage (NYSE:FAGet Free Report) last posted its quarterly earnings data on Tuesday, November 12th. The company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.25 by $0.01. First Advantage had a net margin of 0.65% and a return on equity of 13.21%. The business had revenue of $199.10 million for the quarter, compared to analyst estimates of $204.39 million. During the same quarter in the previous year, the firm posted $0.25 earnings per share. First Advantage’s quarterly revenue was down .6% on a year-over-year basis. As a group, analysts expect that First Advantage will post 0.82 earnings per share for the current year.

First Advantage Company Profile

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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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