First Advantage (NYSE:FA) Issues FY 2024 Earnings Guidance

First Advantage (NYSE:FA) issued an update on its FY 2024 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 0.880-0.980 for the period, compared to the consensus estimate of 0.920. The company issued revenue guidance of $750.0 million-$800.0 million, compared to the consensus revenue estimate of $771.7 million.

First Advantage Stock Up 0.5 %

FA stock opened at $18.57 on Tuesday. The company has a market cap of $2.70 billion, a price-to-earnings ratio of 116.06 and a beta of 1.18. The firm has a 50-day moving average of $19.16 and a two-hundred day moving average of $17.59. First Advantage has a 12 month low of $13.38 and a 12 month high of $20.75. The company has a current ratio of 4.31, a quick ratio of 4.31 and a debt-to-equity ratio of 0.61.

Wall Street Analyst Weigh In

FA has been the topic of several recent research reports. Citigroup boosted their price target 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. Truist Financial dropped their price target on shares of First Advantage from $250.00 to $249.00 and set a “buy” rating for the company in a research note 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 investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, First Advantage presently has a consensus rating of “Moderate Buy” and a consensus target price 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.