First Advantage (NYSE:FA) Issues Quarterly Earnings Results, Beats Expectations By $0.04 EPS

First Advantage (NYSE:FA) posted its earnings results on Thursday. The company reported $0.38 EPS for the quarter, beating the consensus estimate 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 company’s revenue was up 13.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.30 EPS.

First Advantage Price Performance

NYSE FA traded up $0.66 on Thursday, reaching $23.13. 3,697,911 shares of the stock traded hands, compared to its average volume of 1,538,225. First Advantage has a 12 month low of $8.82 and a 12 month high of $25.15. The company has a market cap of $3.97 billion, a price-to-earnings ratio of 771.00 and a beta of 1.12. The firm’s fifty day simple moving average is $20.24 and its 200 day simple moving average is $16.50. The company has a quick ratio of 3.85, a current ratio of 3.85 and a debt-to-equity ratio of 0.61.

Analyst Ratings Changes

FA has been the subject of several recent analyst reports. Barclays increased their price target on First Advantage from $20.00 to $30.00 and gave the stock an “overweight” rating in a research note on Friday, August 7th. Zacks Research downgraded shares of First Advantage from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 6th. Royal Bank Of Canada increased their target price on shares of First Advantage from $21.00 to $24.00 and gave the company a “sector perform” rating in a research report on Friday, August 7th. Citigroup raised their target price on shares of First Advantage from $18.00 to $22.00 and gave the company a “neutral” rating in a research note on Monday, August 17th. Finally, Needham & Company LLC upgraded shares of First Advantage from a “hold” rating to a “buy” rating and set a $28.00 price target on the stock in a research report on Thursday, August 6th. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $23.33.

About First Advantage

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.