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

First Advantage (NYSE:FA) 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 Trading Up 0.5 %

FA opened at $18.57 on Tuesday. First Advantage has a 52 week low of $13.38 and a 52 week high of $20.75. The company has a market capitalization of $2.70 billion, a P/E ratio of 116.06 and a beta of 1.18. The stock’s fifty day moving average is $19.16 and its two-hundred day moving average is $17.59. The company has a quick ratio of 4.31, a current ratio of 4.31 and a debt-to-equity ratio of 0.61.

Analyst Ratings Changes

Several analysts have commented on FA shares. Citigroup increased their price target on shares of First Advantage from $19.00 to $21.00 and gave the company a “neutral” rating in a research report on Wednesday, September 25th. Truist Financial lowered their target price on shares of First Advantage from $250.00 to $249.00 and set a “buy” rating for the company in a research note on Monday, July 22nd. Finally, Wolfe Research downgraded First Advantage from an “outperform” rating to a “peer perform” rating in a research report on Thursday, October 10th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, First Advantage presently has an average rating of “Moderate Buy” and a consensus 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.