First Advantage (NYSE:FA) Releases Earnings Results, Beats Estimates By $0.04 EPS

First Advantage (NYSE:FA) issued its earnings results on Thursday. The company reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.04, Briefing.com reports. First Advantage had a return on equity of 13.16% and a net margin of 0.65%. The business’s revenue was up 13.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.30 earnings per share.

First Advantage Price Performance

Shares of NYSE:FA traded up $0.66 during trading on Thursday, reaching $23.13. The stock had a trading volume of 3,697,911 shares, compared to its average volume of 1,538,225. First Advantage has a 52 week low of $8.82 and a 52 week high of $25.15. The business’s 50-day moving average price is $20.24 and its 200 day moving average price is $16.50. 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 stock has a market capitalization of $3.97 billion, a PE ratio of 771.00 and a beta of 1.12.

Analysts Set New Price Targets

A number of brokerages have weighed in on FA. Zacks Research cut First Advantage from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 6th. Citigroup lifted their price objective on First Advantage from $18.00 to $22.00 and gave the company a “neutral” rating in a report on Monday, August 17th. Needham & Company LLC raised First Advantage from a “hold” rating to a “buy” rating and set a $28.00 price objective for the company in a report on Thursday, August 6th. Barclays boosted their target price on shares of First Advantage from $20.00 to $30.00 and gave the company an “overweight” rating in a research note on Friday, August 7th. Finally, Royal Bank Of Canada upped their target price on shares of First Advantage from $21.00 to $24.00 and gave the stock a “sector perform” rating in a report on Friday, August 7th. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $23.33.

First Advantage Company Profile

First Advantage Corporation (NYSE: FA) is a global human capital and background screening company that helps employers make informed hiring, onboarding and workforce-management decisions. Its technology and services are used by organizations across industries to assess candidates and support compliance throughout the employment lifecycle.

The company provides employment background checks, criminal-record searches, employment and education verification, identity services, drug and health screening, driving-record checks, international screening and continuous workforce monitoring.