First Advantage FY2024 EPS Forecast Reduced by William Blair

First Advantage Co. (NYSE:FA - Free Report) - Equities researchers at William Blair cut their FY2024 earnings estimates for shares of First Advantage in a research report issued on Wednesday, December 11th. William Blair analyst A. Nicholas now expects that the company will earn $0.74 per share for the year, down from their prior estimate of $0.77. William Blair has a "Outperform" rating on the stock. The consensus estimate for First Advantage's current full-year earnings is $0.75 per share. William Blair also issued estimates for First Advantage's Q4 2024 earnings at $0.19 EPS, Q1 2025 earnings at $0.12 EPS, Q4 2025 earnings at $0.27 EPS and FY2027 earnings at $1.65 EPS.

First Advantage (NYSE:FA - Get Free Report) last issued its earnings results on Tuesday, November 12th. The company reported $0.26 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.25 by $0.01. The business had revenue of $199.10 million for the quarter, compared to analyst estimates of $204.39 million. First Advantage had a net margin of 0.65% and a return on equity of 13.16%. The company's revenue for the quarter was down .6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.25 EPS.

Other equities research analysts also recently issued research reports about the stock. Needham & Company LLC reaffirmed a "hold" rating on shares of First Advantage in a report on Wednesday, November 13th. BMO Capital Markets initiated coverage on First Advantage in a research report on Wednesday. They issued an "outperform" rating and a $20.00 target price for the company. Wolfe Research cut First Advantage from an "outperform" rating to a "peer perform" rating in a research report on Thursday, October 10th. Barclays restated an "overweight" rating and issued a $22.00 price objective on shares of First Advantage in a report on Wednesday, November 20th. Finally, Citigroup boosted their price target 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. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, First Advantage currently has a consensus rating of "Moderate Buy" and a consensus price target of $53.29.

First Advantage Stock Performance

NYSE:FA traded down $0.19 during midday trading on Friday, reaching $19.34. 678,048 shares of the company traded hands, compared to its average volume of 553,962. First Advantage has a twelve month low of $14.01 and a twelve month high of $20.79. The firm has a market capitalization of $3.34 billion, a price-to-earnings ratio of 644.67 and a beta of 1.17. The company has a debt-to-equity ratio of 0.61, a current ratio of 3.85 and a quick ratio of 3.85. The company has a fifty day moving average price of $18.96 and a 200 day moving average price of $18.02.

Institutional Trading of First Advantage

Several large investors have recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD grew its position in First Advantage by 16.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 15,478 shares of the company's stock valued at $252,000 after purchasing an additional 2,163 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of First Advantage during the second quarter worth $378,000. Bank of New York Mellon Corp increased its position in First Advantage by 0.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 258,265 shares of the company's stock worth $4,150,000 after purchasing an additional 2,326 shares during the last quarter. Leith Wheeler Investment Counsel Ltd. raised its stake in shares of First Advantage by 0.8% during the 2nd quarter. Leith Wheeler Investment Counsel Ltd. now owns 607,972 shares of the company's stock worth $9,770,000 after purchasing an additional 4,950 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of First Advantage by 38.3% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,948 shares of the company's stock valued at $256,000 after buying an additional 4,414 shares during the last quarter. 94.91% of the stock is owned by institutional investors and hedge funds.

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.