First Advantage (FA) Set to Announce Earnings on Thursday

First Advantage (NYSE:FA) will release its earnings data before the market opens on Thursday, May 9th. Analysts expect First Advantage to post 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.Parties that wish to listen to the company’s conference call can do so using this link.

First Advantage (NYSE:FA) last announced its quarterly earnings results on Thursday, February 29th. The company reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.01). First Advantage had a net margin of 4.88% and a return on equity of 13.84%. The company had revenue of $202.56 million during the quarter, compared to the consensus estimate of $211.05 million. 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 %

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

Insider Buying and Selling at First Advantage

In other news, insider Joseph K. Jaeger sold 20,000 shares of the company’s 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 completion of the transaction, the insider now directly owns 696,298 shares of the company’s stock, valued at $11,802,251.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 4.70% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on FA shares. Stifel Nicolaus boosted their price target on shares of First Advantage from $16.00 to $21.00 and gave the company a “buy” rating in a report on Thursday, March 14th. William Blair assumed coverage on First Advantage in a research report on Tuesday, April 23rd. They set an “outperform” rating on the stock. Finally, Evercore ISI boosted their price objective 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 investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $18.00.

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.