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

First Advantage (NYSE:FA - Get Free Report) issued an update on its FY 2024 earnings guidance on Tuesday morning. The company provided EPS guidance of 0.880-0.980 for the period, compared to the consensus EPS estimate of 0.920. The company issued revenue guidance of $750.0 million-$800.0 million, compared to the consensus revenue estimate of $771.7 million. First Advantage also updated its FY24 guidance to $0.88-0.98 EPS.

First Advantage Stock Performance

Shares of FA traded up $0.19 on Tuesday, reaching $18.76. 1,319,419 shares of the stock traded hands, compared to its average volume of 496,977. The stock's 50-day moving average price is $19.16 and its 200-day moving average price is $17.59. The company has a debt-to-equity ratio of 0.61, a current ratio of 4.31 and a quick ratio of 4.31. The firm has a market cap of $2.73 billion, a price-to-earnings ratio of 116.06 and a beta of 1.18. First Advantage has a 12 month low of $13.38 and a 12 month high of $20.79.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on FA shares. Truist Financial dropped their price objective on shares of First Advantage from $250.00 to $249.00 and set a "buy" rating for the company in a report on Monday, July 22nd. Wolfe Research cut First Advantage from an "outperform" rating to a "peer perform" rating in a report on Thursday, October 10th. Finally, Citigroup boosted their price objective on First Advantage from $19.00 to $21.00 and gave the stock a "neutral" rating in a research note on Wednesday, September 25th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, First Advantage currently has an average rating of "Moderate Buy" and an average price target of $77.25.

First Advantage Company Profile

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.