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

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

NYSE FA traded down $0.43 during trading hours on Wednesday, hitting $18.15. The company had a trading volume of 450,889 shares, compared to its average volume of 504,190. The business has a 50 day moving average of $19.15 and a 200-day moving average of $17.61. The company has a debt-to-equity ratio of 0.61, a quick ratio of 4.31 and a current 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 market cap of $2.64 billion, a PE ratio of 23.23 and a beta of 1.18.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on FA shares. Citigroup boosted their target price on First Advantage from $19.00 to $21.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 25th. Wolfe Research cut shares of First Advantage from an “outperform” rating to a “peer perform” rating in a report on Thursday, October 10th. Truist Financial dropped their price objective 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. Finally, William Blair reaffirmed an “outperform” rating on shares of First Advantage in a research report on Wednesday. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, First Advantage presently has a consensus rating of “Moderate Buy” and a consensus 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.