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

First Advantage (NYSE:FA) released its quarterly earnings data on Tuesday. The company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.01, Briefing.com reports. The business had revenue of $199.10 million during the quarter, compared to analyst estimates of $204.39 million. First Advantage had a net margin of 0.65% and a return on equity of 13.16%. First Advantage’s quarterly revenue was down .6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.25 EPS. 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 opened at $17.85 on Friday. First Advantage has a 12-month low of $13.79 and a 12-month high of $20.79. The firm has a market capitalization of $3.08 billion, a PE ratio of 22.52 and a beta of 1.18. The firm has a 50-day moving average price of $19.11 and a 200 day moving average price of $17.61. The company has a quick ratio of 4.31, a current ratio of 3.85 and a debt-to-equity ratio of 0.61.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Needham & Company LLC reaffirmed a “hold” rating on shares of First Advantage in a report on Wednesday. Wolfe Research lowered shares of First Advantage from an “outperform” rating to a “peer perform” rating in a research report on Thursday, October 10th. Citigroup upped their target price on shares of First Advantage from $19.00 to $21.00 and gave the company a “neutral” rating in a research note on Wednesday, September 25th. William Blair restated an “outperform” rating on shares of First Advantage in a research report on Wednesday. Finally, Truist Financial cut their price objective on shares of 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 research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock 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.