First Advantage (NYSE:FA) Issues FY 2024 Earnings Guidance

First Advantage (NYSE:FA) issued an update on its FY 2024 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 0.880-0.980 for the period, compared to the consensus estimate of 0.950. The company issued revenue guidance of $750.0 million-$800.0 million, compared to the consensus revenue estimate of $779.9 million.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on FA. Stifel Nicolaus raised their target price on shares of First Advantage from $16.00 to $21.00 and gave the company a buy rating in a research note on Thursday, March 14th. William Blair assumed coverage on shares of First Advantage in a report on Tuesday, April 23rd. They set an outperform rating for the company. Finally, Evercore ISI lifted their target price on First Advantage from $17.00 to $18.00 and gave the company an outperform rating in a research report on Tuesday, March 26th. One research 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 company presently has an average rating of Moderate Buy and a consensus target price of $18.00.

First Advantage Stock Down 0.7 %

FA opened at $16.23 on Thursday. First Advantage has a fifty-two week low of $12.10 and a fifty-two week high of $17.49. The company has a debt-to-equity ratio of 0.62, a current ratio of 4.39 and a quick ratio of 4.39. The company’s 50-day moving average is $15.89 and its 200 day moving average is $15.72. The firm has a market capitalization of $2.36 billion, a P/E ratio of 64.92, a PEG ratio of 2.17 and a beta of 1.18.

First Advantage (NYSE:FA) last posted its quarterly earnings results 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 firm had revenue of $202.56 million for the quarter, compared to the consensus estimate of $211.05 million. First Advantage had a return on equity of 13.84% and a net margin of 4.88%. Research analysts expect that First Advantage will post 0.84 earnings per share for the current fiscal year.

Insider Activity at First Advantage

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

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.