First Advantage (NYSE:FA) Posts Quarterly Earnings Results, Beats Estimates By $0.02 EPS
by Jessica Moore · The Cerbat GemFirst Advantage (NYSE:FA – Get Free Report) issued its quarterly earnings results on Thursday. The company reported $0.30 EPS for the quarter, topping the consensus estimate of $0.28 by $0.02, Briefing.com reports. First Advantage had a return on equity of 13.16% and a net margin of 0.65%.During the same quarter in the previous year, the business earned $0.26 earnings per share. First Advantage’s revenue for the quarter was up 105.5% compared to the same quarter last year. First Advantage updated its FY 2025 guidance to 0.980-1.020 EPS.
First Advantage Trading Up 6.7%
Shares of First Advantage stock traded up $0.87 during mid-day trading on Thursday, hitting $13.80. The stock had a trading volume of 1,964,628 shares, compared to its average volume of 1,000,572. The firm has a 50-day moving average of $14.90 and a two-hundred day moving average of $16.19. First Advantage has a 12-month low of $12.25 and a 12-month high of $20.79. 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 firm has a market cap of $2.40 billion, a P/E ratio of 460.00 and a beta of 1.19.
Wall Street Analyst Weigh In
FA has been the subject of several research reports. Needham & Company LLC reaffirmed a “hold” rating on shares of First Advantage in a research note on Thursday, August 21st. Zacks Research cut shares of First Advantage from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 7th. Two investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, First Advantage presently has an average rating of “Hold” and an average target price of $20.00.
Read Our Latest Stock Analysis on FA
Insider Buying and Selling at First Advantage
In other news, President Joelle M. Smith sold 9,900 shares of the stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $15.70, for a total value of $155,430.00. Following the completion of the sale, the president owned 42,727 shares of the company’s stock, valued at $670,813.90. This represents a 18.81% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 3.90% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On First Advantage
A number of hedge funds have recently added to or reduced their stakes in FA. Brighton Jones LLC acquired a new stake in First Advantage during the 4th quarter worth approximately $257,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of First Advantage by 4.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,567 shares of the company’s stock valued at $501,000 after buying an additional 1,471 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in First Advantage by 7.5% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 239,233 shares of the company’s stock worth $3,371,000 after purchasing an additional 16,664 shares during the last quarter. Prudential Financial Inc. purchased a new position in First Advantage during the 2nd quarter worth $167,000. Finally, Russell Investments Group Ltd. lifted its stake in shares of First Advantage by 627.7% in the 2nd quarter. Russell Investments Group Ltd. now owns 67,178 shares of the company’s stock worth $1,116,000 after acquiring an additional 57,946 shares during the period. 94.91% of the stock is currently owned by institutional investors and hedge funds.
First Advantage Company Profile
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.
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