First Advantage (NYSE:FA – Get Free Report) announced its quarterly earnings results on Thursday. The company reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.04, Briefing.com reports. First Advantage had a net margin of 0.65% and a return on equity of 13.16%. During the same period last year, the company earned $0.30 EPS. The business’s revenue was up 13.8% on a year-over-year basis.
First Advantage Stock Up 2.9%
Shares of NYSE:FA traded up $0.66 during midday trading on Thursday, reaching $23.13. The company had a trading volume of 3,697,911 shares, compared to its average volume of 1,538,225. The company has a quick ratio of 3.85, a current ratio of 3.85 and a debt-to-equity ratio of 0.61. The business’s 50 day moving average price is $20.24 and its 200 day moving average price is $16.50. The stock has a market cap of $3.97 billion, a PE ratio of 771.00 and a beta of 1.12. First Advantage has a 1-year low of $8.82 and a 1-year high of $25.15.
Analyst Upgrades and Downgrades
A number of equities research analysts recently commented on the stock. Needham & Company LLC upgraded shares of First Advantage from a “hold” rating to a “buy” rating and set a $28.00 price objective on the stock in a report on Thursday, August 6th. Citigroup increased their target price on First Advantage from $18.00 to $22.00 and gave the stock a “neutral” rating in a report on Monday, August 17th. Barclays increased their target price on First Advantage from $20.00 to $30.00 and gave the stock an “overweight” rating in a report on Friday, August 7th. Zacks Research lowered First Advantage from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 6th. Finally, Royal Bank Of Canada boosted their price target on First Advantage from $21.00 to $24.00 and gave the company a “sector perform” rating in a report on Friday, August 7th. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $23.33.
Check Out Our Latest Stock Analysis on FA
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.
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