First Advantage (FA) to Release Quarterly Earnings on Tuesday

First Advantage (NYSE:FA - Get Free Report) will be announcing its earnings results before the market opens on Tuesday, November 12th. Analysts expect the company to announce earnings of $0.23 per share for the quarter. First Advantage has set its FY24 guidance at $0.88 to $0.98 EPS and its FY 2024 guidance at 0.880-0.980 EPS.Parties interested in registering for the company's conference call can do so using this link.

First Advantage (NYSE:FA - Get Free Report) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.21 earnings per share for the quarter, hitting analysts' consensus estimates of $0.21. First Advantage had a net margin of 3.24% and a return on equity of 13.94%. The business had revenue of $184.55 million during the quarter, compared to the consensus estimate of $184.66 million. During the same quarter last year, the company earned $0.24 earnings per share. The business's quarterly revenue was down .4% compared to the same quarter last year. 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 1.9 %

Shares of FA stock traded down $0.34 during mid-day trading on Tuesday, reaching $17.30. 1,296,491 shares of the company were exchanged, compared to its average volume of 474,753. The company has a market capitalization of $2.52 billion, a P/E ratio of 108.13 and a beta of 1.18. The business's 50 day simple moving average is $19.23 and its 200 day simple moving average is $17.51. The company has a debt-to-equity ratio of 0.61, a quick ratio of 4.31 and a current ratio of 4.31. First Advantage has a fifty-two week low of $13.04 and a fifty-two week high of $20.75.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on FA. Citigroup boosted their price target on shares of First Advantage from $19.00 to $21.00 and gave the company a "neutral" rating in a report on Wednesday, September 25th. Wolfe Research downgraded shares of First Advantage from an "outperform" rating to a "peer perform" rating in a report on Thursday, October 10th. Finally, Truist Financial reduced their price target 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. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price 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.