First Advantage (FA) Set to Announce Earnings on Wednesday

Posted by Defense World Staff on May 3rd, 2023

First Advantage (NYSE:FA – Get Rating) will issue its quarterly earnings data before the market opens on Wednesday, May 10th. Analysts expect the company to announce earnings of $0.15 per share for the quarter. First Advantage has set its FY 2023 guidance at $1.00-$1.07 EPS and its FY23 guidance at $1.00 to $1.07 EPS.Parties that wish to listen to the company’s conference call can do so using this link.

First Advantage (NYSE:FA – Get Rating) last released its quarterly earnings results on Tuesday, February 28th. The company reported $0.29 earnings per share for the quarter, meeting the consensus estimate of $0.29. First Advantage had a return on equity of 13.21% and a net margin of 7.98%. The company had revenue of $212.60 million for the quarter, compared to analyst estimates of $217.30 million. During the same period in the previous year, the company posted $0.28 earnings per share. The firm’s revenue was up .0% on a year-over-year basis. On average, analysts expect First Advantage to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

First Advantage Trading Down 2.9 %

NYSE FA opened at $12.53 on Wednesday. The stock’s 50 day moving average is $13.39 and its 200 day moving average is $13.27. The firm has a market capitalization of $1.85 billion, a PE ratio of 29.83, a P/E/G ratio of 1.37 and a beta of 1.18. First Advantage has a twelve month low of $10.07 and a twelve month high of $17.88. The company has a quick ratio of 5.62, a current ratio of 5.62 and a debt-to-equity ratio of 0.49.

Analyst Ratings Changes

FA has been the subject of several research analyst reports. Bank of America lowered First Advantage from a “buy” rating to a “neutral” rating and set a $14.50 price objective for the company. in a report on Tuesday, January 17th. Royal Bank of Canada lowered First Advantage from an “outperform” rating to a “sector perform” rating and boosted their price target for the company from $14.00 to $15.00 in a report on Wednesday, March 1st. TheStreet raised First Advantage from a “d+” rating to a “c-” rating in a report on Thursday, March 23rd. Finally, Citigroup lowered First Advantage from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $20.00 to $15.50 in a research note on Wednesday, January 11th. Six analysts have rated the stock with a hold rating, According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $14.40.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Deutsche Bank AG increased its holdings in shares of First Advantage by 0.4% in the fourth quarter. Deutsche Bank AG now owns 453,582 shares of the company’s stock valued at $5,897,000 after purchasing an additional 1,815 shares during the last quarter. UBS Group AG purchased a new stake in First Advantage during the 3rd quarter worth about $29,000. Invesco Ltd. increased its position in shares of First Advantage by 12.5% during the first quarter. Invesco Ltd. now owns 24,527 shares of the company’s stock worth $495,000 after purchasing an additional 2,726 shares in the last quarter. Tower Research Capital LLC TRC increased its position in First Advantage by 157.9% in the 3rd quarter. Tower Research Capital LLC TRC now owns 5,244 shares of the company’s stock valued at $67,000 after acquiring an additional 3,211 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in First Advantage by 1.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 430,348 shares of the company’s stock worth $5,595,000 after purchasing an additional 5,455 shares during the period. 94.63% of the stock is owned by institutional investors and hedge funds.

About First Advantage

(Get Rating)

First Advantage Corporation provides technology solutions for screening, verifications, safety, and compliance related to human capital 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.