First Advantage (NYSE:FA) Releases FY24 Earnings Guidance

First Advantage (NYSE:FA) 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.

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:FA) 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

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.