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

First Advantage (NYSE:FA) issued an update on its FY 2024 earnings guidance on Tuesday morning. The company provided earnings per share guidance of 0.880-0.980 for the period, compared to the consensus earnings per share 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.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on FA shares. Wolfe Research lowered shares of First Advantage from an “outperform” rating to a “peer perform” rating in a report on Thursday, October 10th. William Blair reissued an “outperform” rating on shares of First Advantage in a research note on Wednesday. Truist Financial dropped their target price on First Advantage from $250.00 to $249.00 and set a “buy” rating for the company in a research report on Monday, July 22nd. Finally, Citigroup raised their price target on First Advantage from $19.00 to $21.00 and gave the company a “neutral” rating in a report on Wednesday, September 25th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, First Advantage currently has an average rating of “Moderate Buy” and a consensus target price of $77.25.

First Advantage Stock Up 0.1 %

First Advantage stock opened at $18.58 on Wednesday. First Advantage has a twelve month low of $13.38 and a twelve month high of $20.79. The company has a quick ratio of 4.31, a current ratio of 4.31 and a debt-to-equity ratio of 0.61. The company has a 50 day moving average of $19.15 and a 200-day moving average of $17.61. The stock has a market capitalization of $2.70 billion, a PE ratio of 116.13 and a beta of 1.18.

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.