First Advantage (NYSE:FA – Get Free Report) issued an update on its FY24 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $0.88 to $0.98 for the period, compared to the consensus estimate of $0.93. The company issued revenue guidance of $750 million to $800 million, compared to the consensus revenue estimate of $771.99 million. First Advantage also updated its FY 2024 guidance to 0.880-0.980 EPS.
First Advantage Trading Down 1.1 %
Shares of FA traded down $0.19 during mid-day trading on Friday, reaching $16.98. The company’s stock had a trading volume of 498,098 shares, compared to its average volume of 432,819. The stock has a market cap of $2.47 billion, a PE ratio of 77.18, a P/E/G ratio of 3.27 and a beta of 1.14. The company has a current ratio of 4.29, a quick ratio of 4.29 and a debt-to-equity ratio of 0.62. First Advantage has a 52 week low of $12.46 and a 52 week high of $17.49. The company’s fifty day moving average price is $16.41 and its two-hundred day moving average price is $16.30.
First Advantage (NYSE:FA – Get Free Report) last announced its quarterly earnings data 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 4.28% and a return on equity of 14.12%. The firm had revenue of $184.55 million during the quarter, compared to analyst estimates of $184.66 million. During the same period in the previous year, the business posted $0.24 EPS. The business’s quarterly revenue was down .4% on a year-over-year basis. On average, analysts predict that First Advantage will post 0.83 earnings per share for the current fiscal year.
Analyst Ratings Changes
Insider Transactions at First Advantage
In other news, Director James Lindsey Clark sold 2,100 shares of the firm’s stock in a transaction dated Wednesday, June 26th. The shares were sold at an average price of $15.48, for a total value of $32,508.00. Following the completion of the sale, the director now directly owns 42,927 shares of the company’s stock, valued at approximately $664,509.96. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, insider Joseph K. Jaeger sold 7,331 shares of the stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $16.08, for a total value of $117,882.48. Following the completion of the transaction, the insider now directly owns 688,967 shares in the company, valued at approximately $11,078,589.36. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director James Lindsey Clark sold 2,100 shares of the stock in a transaction dated Wednesday, June 26th. The stock was sold at an average price of $15.48, for a total transaction of $32,508.00. Following the completion of the transaction, the director now owns 42,927 shares of the company’s stock, valued at $664,509.96. The disclosure for this sale can be found here. In the last ninety days, insiders sold 15,034 shares of company stock valued at $241,439. Company insiders own 5.30% of the company’s stock.
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.
Featured Articles
- Five stocks we like better than First Advantage
- What Does a Stock Split Mean?
- MarketBeat Week in Review – 8/5 – 8/9
- 3 Stocks to Consider Buying in October
- Cassava Sciences: A Hot Stock to Trade, Invest, or Avoid?
- There Are Different Types of Stock To Invest In
- The Cannabis Sector: Profitability Takes Center Stage
Receive News & Ratings for First Advantage Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Advantage and related companies with MarketBeat.com's FREE daily email newsletter.