First Advantage (NYSE:FA) Updates FY24 Earnings Guidance

First Advantage (NYSE:FA - Get Free Report) issued an update on its FY24 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $0.88-0.98 for the period, compared to the consensus estimate of $0.92. The company issued revenue guidance of $750-800 million, compared to the consensus revenue estimate of $771.54 million. First Advantage also updated its FY 2024 guidance to 0.880-0.980 EPS.

First Advantage Trading Up 0.2 %

Shares of NYSE FA traded up $0.03 during trading hours on Tuesday, reaching $18.60. The stock had a trading volume of 2,014,730 shares, compared to its average volume of 501,190. The company has a current ratio of 4.31, a quick ratio of 4.31 and a debt-to-equity ratio of 0.61. The business's fifty day moving average price is $19.16 and its two-hundred day moving average price is $17.59. First Advantage has a 52-week low of $13.38 and a 52-week high of $20.79. The firm has a market cap of $2.70 billion, a price-to-earnings ratio of 116.06 and a beta of 1.18.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on FA. Citigroup raised their target price on shares of First Advantage from $19.00 to $21.00 and gave the stock a "neutral" rating in a research report on Wednesday, September 25th. Truist Financial decreased their price target on First Advantage from $250.00 to $249.00 and set a "buy" rating on the stock in a report on Monday, July 22nd. Finally, Wolfe Research cut shares of First Advantage from an "outperform" rating to a "peer perform" rating in a research note on Thursday, October 10th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target 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.