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

First Advantage (NYSE:FA) issued an update on its FY 2024 earnings guidance on Thursday morning. The company provided EPS guidance of 0.880-0.980 for the period, compared to the consensus EPS 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.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Evercore ISI lifted their target price on shares of First Advantage from $17.00 to $18.00 and gave the stock an outperform rating in a research note on Tuesday, March 26th. Stifel Nicolaus lifted their price objective on First Advantage from $16.00 to $21.00 and gave the stock a buy rating in a report on Thursday, March 14th. Finally, William Blair assumed coverage on shares of First Advantage in a research note on Tuesday, April 23rd. They set an outperform rating on the stock. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, First Advantage currently has a consensus rating of Moderate Buy and an average target price of $18.00.

First Advantage Price Performance

FA opened at $16.23 on Thursday. The company has a current ratio of 4.39, a quick ratio of 4.39 and a debt-to-equity ratio of 0.62. The company has a market capitalization of $2.36 billion, a price-to-earnings ratio of 64.92, a PEG ratio of 2.17 and a beta of 1.18. The business’s fifty day simple moving average is $15.89 and its 200-day simple moving average is $15.72. First Advantage has a 12-month low of $12.10 and a 12-month high of $17.49.

First Advantage (NYSE:FA) last announced 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). First Advantage had a return on equity of 13.84% and a net margin of 4.88%. The company had revenue of $202.56 million for the quarter, compared to analyst estimates of $211.05 million. On average, equities research analysts anticipate that First Advantage will post 0.84 earnings per share for the current fiscal year.

Insider Buying and Selling at First Advantage

In related news, insider Joseph K. Jaeger sold 20,000 shares of the stock in a transaction that occurred on Monday, February 12th. The shares were 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 owns 696,298 shares of the company’s stock, valued at approximately $11,802,251.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 4.70% of the stock is 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.