First Advantage (FA) Set to Announce Quarterly Earnings on Thursday

First Advantage (NYSE:FA) is scheduled to be announcing its earnings results before the market opens on Thursday, May 9th. Analysts expect the company to announce earnings of $0.17 per share for the quarter. First Advantage has set its FY 2024 guidance at 0.880-0.980 EPS and its FY24 guidance at $0.88-0.98 EPS.Persons interested in participating in the company’s earnings conference call can do so using this link.

First Advantage (NYSE:FA) last released its quarterly earnings data on Thursday, February 29th. The company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.01). The company had revenue of $202.56 million for the quarter, compared to analysts’ expectations of $211.05 million. First Advantage had a net margin of 4.88% and a return on equity of 13.84%. On average, analysts expect First Advantage to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

First Advantage Stock Down 1.4 %

Shares of First Advantage stock opened at $16.57 on Tuesday. First Advantage has a twelve month low of $12.10 and a twelve month high of $17.49. The company has a quick ratio of 4.39, a current ratio of 4.39 and a debt-to-equity ratio of 0.62. The company’s 50 day moving average is $15.94 and its 200 day moving average is $15.67. The company has a market cap of $2.41 billion, a price-to-earnings ratio of 66.28, a price-to-earnings-growth ratio of 2.17 and a beta of 1.18.

Analyst Ratings Changes

Several equities analysts have recently weighed in on FA shares. Evercore ISI increased their price target on First Advantage from $17.00 to $18.00 and gave the company an “outperform” rating in a report on Tuesday, March 26th. William Blair initiated coverage on First Advantage in a report on Tuesday, April 23rd. They issued an “outperform” rating on the stock. Finally, Stifel Nicolaus boosted their price target on First Advantage from $16.00 to $21.00 and gave the company a “buy” rating in a research note on Thursday, March 14th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $18.00.

Insider Transactions at First Advantage

In other news, insider Joseph K. Jaeger sold 20,000 shares of the company’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $16.95, for a total value of $339,000.00. Following the completion of the sale, the insider now directly owns 696,298 shares in the company, valued at approximately $11,802,251.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 4.70% of the company’s stock.

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.