First Advantage Co. (NYSE:FA) Forecasted to Earn Q1 2024 Earnings of $0.15 Per Share

First Advantage Co. (NYSE:FA) – Investment analysts at William Blair issued their Q1 2024 earnings estimates for shares of First Advantage in a research report issued to clients and investors on Tuesday, April 23rd. William Blair analyst A. Nicholas expects that the company will post earnings of $0.15 per share for the quarter. William Blair currently has a “Outperform” rating on the stock. The consensus estimate for First Advantage’s current full-year earnings is $0.91 per share. William Blair also issued estimates for First Advantage’s Q2 2024 earnings at $0.19 EPS, Q3 2024 earnings at $0.24 EPS, Q4 2024 earnings at $0.27 EPS, FY2024 earnings at $0.83 EPS and FY2025 earnings at $0.94 EPS.

FA has been the subject of a number of other research reports. Evercore ISI lifted their price objective on shares of First Advantage from $17.00 to $18.00 and gave the company an “outperform” rating in a report on Tuesday, March 26th. Stifel Nicolaus lifted their price objective on shares of First Advantage from $16.00 to $21.00 and gave the company a “buy” rating in a report on Thursday, March 14th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $18.00.

First Advantage Trading Up 0.2 %

Shares of FA stock opened at $16.47 on Friday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 4.39 and a current ratio of 4.39. The stock has a market capitalization of $2.39 billion, a P/E ratio of 17.30, a price-to-earnings-growth ratio of 1.97 and a beta of 1.21. The company has a 50 day moving average price of $16.02 and a 200 day moving average price of $15.55. First Advantage has a fifty-two week low of $12.10 and a fifty-two week high of $17.49.

First Advantage (NYSE:FA) last released its quarterly earnings results on Thursday, February 29th. The company reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.01). The company had revenue of $202.56 million during the quarter, compared to analysts’ expectations of $211.05 million. First Advantage had a net margin of 4.88% and a return on equity of 13.84%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Quantbot Technologies LP acquired a new position in shares of First Advantage in the 3rd quarter valued at $60,000. National Bank of Canada FI acquired a new position in shares of First Advantage in the 4th quarter valued at $179,000. Andina Capital Management LLC acquired a new position in shares of First Advantage in the 4th quarter valued at $271,000. Dark Forest Capital Management LP boosted its holdings in shares of First Advantage by 14.6% in the 3rd quarter. Dark Forest Capital Management LP now owns 17,343 shares of the company’s stock valued at $239,000 after buying an additional 2,211 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in shares of First Advantage by 46.7% in the 3rd quarter. Principal Financial Group Inc. now owns 19,682 shares of the company’s stock valued at $271,000 after buying an additional 6,270 shares in the last quarter. Institutional investors and hedge funds own 94.91% of the company’s stock.

Insiders Place Their Bets

In other First Advantage news, insider Joseph K. Jaeger sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $16.95, for a total transaction of $339,000.00. Following the completion of the transaction, the insider now owns 696,298 shares in the company, valued at approximately $11,802,251.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 4.70% of the stock is currently owned by company insiders.

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.