First Advantage: Larger Scale Doesn't Mean Much If Growth Is Poor |
Maintain a hold rating on First Advantage due to ongoing macroeconomic uncertainties and increased leverage post-merger with STER. Despite the larger scale of the merger, the growth outlook remains unchanged, with continued poor base revenue and hiring demand. The combined entity's balance sheet is now highly leveraged, raising concerns about liquidity if the negative macro backdrop persists. |
seekingalpha.com |
2024-11-26 16:03:53 |
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First Advantage: Sterling Acquisition Leads To Leveraged Balance Sheet, Poor Returns |
First Advantage Corporation's acquisition of Sterling Check led to a leveraged balance sheet and overvalued shares, impacting capital returns negatively. The company aims to integrate Sterling, achieve cost synergies, and focus on deleveraging to improve financial stability and future growth prospects. Despite strong industry positioning, high leverage and limited capital returns make First Advantage less attractive for long-term investors. |
seekingalpha.com |
2024-11-12 20:44:30 |
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First Advantage Corporation (FA) Q3 2024 Earnings Call Transcript |
First Advantage Corporation (NASDAQ:FA ) Q3 2024 Earnings Conference Call November 12, 2024 8:30 AM ET Company Participants Stephanie Gorman - Vice President of Investor Relations Scott Staples - Chief Executive Officer David Gamsey - Outgoing Chief Financial Officer Steven Marks - Chief Financial Officer Conference Call Participants Shlomo Rosenbaum - Stifel Andrew Steinerman - JPMorgan Andrew Nicholas - William Blair Manav Patnaik - Barclays Scott Wurtzel - Wolfe Research Operator Good day, everyone. My name is Ashley and I will be your conference operator today. |
seekingalpha.com |
2024-11-12 13:49:42 |
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First Advantage (FA) Beats Q3 Earnings Estimates |
First Advantage (FA) came out with quarterly earnings of $0.26 per share, beating the Zacks Consensus Estimate of $0.25 per share. This compares to earnings of $0.28 per share a year ago. |
zacks.com |
2024-11-12 11:10:40 |
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First Advantage Reports Third Quarter 2024 Results |
Completed Acquisition of Sterling on October 31; Maintains Standalone Full-Year 2024 Guidance and Issues Combined Company Guidance including Sterling Completed Acquisition of Sterling on October 31; Maintains Standalone Full-Year 2024 Guidance and Issues Combined Company Guidance including Sterling |
globenewswire.com |
2024-11-12 08:30:00 |
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Strength Seen in First Advantage (FA): Can Its 6.7% Jump Turn into More Strength? |
First Advantage (FA) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road. |
zacks.com |
2024-11-07 13:05:24 |
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First Advantage to Participate in Upcoming Investor Conferences |
ATLANTA, Nov. 07, 2024 (GLOBE NEWSWIRE) -- First Advantage Corporation (NASDAQ: FA), a leading global provider of employment background screening, identity, and verification solutions, today announced the Company's management team will host investor meetings and speak at the following investor conferences in November: |
globenewswire.com |
2024-11-07 09:00:00 |
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First Advantage Completes Acquisition of Sterling Check for $2.2 Billion |
ATLANTA, Oct. 31, 2024 (GLOBE NEWSWIRE) -- First Advantage Corporation (NASDAQ:FA), a leading global provider of employment background screening, identity, and verification solutions, today announced that it has completed its acquisition of Sterling Check Corp. (the “transaction”). Valued at $2.2 billion, including the assumption of Sterling's outstanding debt, the acquisition combines industry leading platforms and innovative solutions to deliver an enhanced customer experience while expanding and diversifying First Advantage's vertical and geographic exposure, creating a more well-balanced portfolio. |
globenewswire.com |
2024-10-31 10:55:00 |
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First Advantage to Release Third Quarter 2024 Financial Results and Hold Investor Conference Call on November 12, 2024 |
ATLANTA, Oct. 22, 2024 (GLOBE NEWSWIRE) -- First Advantage Corporation (NASDAQ: FA), a leading provider of employment background screening, identity, and verification solutions, will issue its third quarter 2024 financial results on Tuesday, November 12, 2024 prior to the Company's earnings conference call, which will be held at 8:30 a.m. ET on the same day. |
globenewswire.com |
2024-10-22 20:05:00 |
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First Advantage and Sterling Announce Election Deadline for Sterling Stockholders to Elect Merger Consideration |
ATLANTA and INDEPENDENCE, Ohio, Oct. 21, 2024 (GLOBE NEWSWIRE) -- First Advantage Corporation (NASDAQ:FA) and Sterling Check Corp. (NASDAQ:STER) today announced that the deadline for (i) record holders of vested shares of Sterling common stock and (ii) eligible holders of Sterling common stock equivalents (Sterling common stock equivalents is defined as “Company Common Stock Equivalents” in the Merger Agreement (as defined below)) and unvested shares of Sterling common stock to elect the form of merger consideration they wish to receive in connection with First Advantage's acquisition of Sterling (the "Transaction") is 5:00 p.m. Eastern Time on October 24, 2024 (such deadline, as it may be extended, the "Election Deadline"), pursuant to the Agreement and Plan of Merger (the “Merger Agreement”), dated as of February 28, 2024, by and among First Advantage, Sterling, and Starter Merger Sub, Inc., a Delaware corporation and an indirect, wholly-owned subsidiary of First Advantage. Sterling stockholders who hold shares through a bank, broker or other nominee may be subject to an earlier election deadline and should carefully review any materials they received from their bank, broker or other nominee. The parties expect to close the Transaction on October 31, 2024, subject to the receipt of regulatory clearances and approvals and the satisfaction or waiver of other customary closing conditions. If such clearances, approvals and conditions are not received or satisfied as expected, the parties may elect to extend the Election Deadline and the anticipated closing of the Transaction will be a later date. |
globenewswire.com |
2024-10-21 20:30:00 |
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Is the Options Market Predicting a Spike in First Advantage (FA) Stock? |
Investors need to pay close attention to First Advantage (FA) stock based on the movements in the options market lately. |
zacks.com |
2024-10-18 14:45:19 |
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First Advantage Releases Third Annual Sustainability Report |
Background Screening Provider Reaffirms Commitment to Core Values and Responsible Business Practices to the Benefit of Its Global Workforce and Customer Base Background Screening Provider Reaffirms Commitment to Core Values and Responsible Business Practices to the Benefit of Its Global Workforce and Customer Base |
globenewswire.com |
2024-09-30 20:30:00 |
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Is the Options Market Predicting a Spike in First Advantage (FA) Stock? |
Investors need to pay close attention to First Advantage (FA) stock based on the movements in the options market lately. |
zacks.com |
2024-09-17 13:50:38 |
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First Advantage Announces Promotion of Joelle Smith to President, First Advantage |
This strategic appointment underscores the Company's commitment to advancing its background screening, identity, and verifications technology, enabling faster and more efficient solutions for customers This strategic appointment underscores the Company's commitment to advancing its background screening, identity, and verifications technology, enabling faster and more efficient solutions for customers |
globenewswire.com |
2024-09-11 20:15:00 |
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First Advantage Corporation (FA) Q2 2024 Earnings Call Transcript |
First Advantage Corporation (NASDAQ:FA ) Q2 2024 Earnings Conference Call August 8, 2024 8:30 AM ET Company Participants Stephanie Gorman - VP of IR Scott Staples - CEO David Gamsey - CFO Conference Call Participants Shlomo Rosenbaum - Stifel Andrew Steinerman - JPMorgan Andrew Nicholas - William Blair Heather Balsky - Bank of America Merrill Lynch Kyle Peterson - Needham Operator Good day, everyone. My name is Todd and I will be your conference operator today. |
seekingalpha.com |
2024-08-10 09:59:04 |
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First Advantage (FA) Q2 Earnings Meet Estimates |
First Advantage (FA) came out with quarterly earnings of $0.21 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.24 per share a year ago. |
zacks.com |
2024-08-08 12:26:00 |
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First Advantage Reports Second Quarter 2024 Results |
Reaffirms Full-Year 2024 Guidance; Sterling Acquisition Expected to Close in Q4 Reaffirms Full-Year 2024 Guidance; Sterling Acquisition Expected to Close in Q4 |
globenewswire.com |
2024-08-08 10:00:00 |
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First Advantage to Release Second Quarter 2024 Financial Results and Hold Investor Conference Call on August 8, 2024 |
ATLANTA, July 18, 2024 (GLOBE NEWSWIRE) -- First Advantage Corporation (NASDAQ: FA), a leading provider of employment background screening, identity, and verification solutions, will issue its second quarter 2024 financial results on Thursday, August 8, 2024 prior to the Company's earnings conference call, which will be held at 8:30 a.m. ET on the same day. |
globenewswire.com |
2024-07-18 11:02:00 |
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First Advantage to Participate in Upcoming Investor Conferences |
ATLANTA, May 20, 2024 (GLOBE NEWSWIRE) -- First Advantage Corporation (NASDAQ: FA), a leading provider of employment background screening, identity, and verification solutions, today announced the Company's management team will host investor meetings and speak at the following investor conferences in June: |
globenewswire.com |
2024-05-20 20:15:00 |
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First Advantage Corporation (FA) Q1 2024 Earnings Call Transcript |
First Advantage Corporation (NASDAQ:FA ) Q1 2024 Earnings Call Transcript May 9, 2024 8:30 AM ET Company Participants Stephanie Gorman - Vice President of Investor Relations Scott Staples - Chief Executive Officer David Gamsey - Chief Financial Officer Conference Call Participants Shlomo Rosenbaum - Stifel Ashish Sabadra - RBC Capital Markets Andrew Steinerman - JPMorgan Heather Balsky - Bank of America Andrew Nicholas - William Blair Operator Good day, everyone. My name is Todd, and I will be your conference operator today. |
seekingalpha.com |
2024-05-12 10:04:02 |
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