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

First Advantage (NYSE:FA) announced its earnings results on Tuesday. The company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.25 by $0.01, Briefing.com reports. The firm had revenue of $199.10 million for the quarter, compared to analysts’ expectations of $204.39 million. First Advantage had a return on equity of 13.21% and a net margin of 0.65%. The firm’s quarterly revenue was down .6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $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 %

Shares of FA stock traded up $0.05 during trading hours on Thursday, reaching $18.07. The company had a trading volume of 52,433 shares, compared to its average volume of 507,902. The company has a debt-to-equity ratio of 0.61, a current ratio of 4.31 and a quick ratio of 4.31. First Advantage has a 1-year low of $13.79 and a 1-year high of $20.79. The company has a 50 day moving average of $19.14 and a 200 day moving average of $17.61. The firm has a market cap of $2.63 billion, a price-to-earnings ratio of 600.67 and a beta of 1.18.

Analyst Ratings Changes

Several analysts have issued reports on the company. Citigroup boosted their price objective on First Advantage from $19.00 to $21.00 and gave the stock a “neutral” rating in a report on Wednesday, September 25th. Needham & Company LLC reaffirmed a “hold” rating on shares of First Advantage in a research report on Wednesday. William Blair reissued an “outperform” rating on shares of First Advantage in a research note on Wednesday. Wolfe Research downgraded First Advantage from an “outperform” rating to a “peer perform” rating in a research note on Thursday, October 10th. Finally, Truist Financial decreased their target price on First Advantage from $250.00 to $249.00 and set a “buy” rating for the company in a research report on Monday, July 22nd. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target 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.