TriNet Group (NYSE:TNET) is scheduled to announce its earnings results after the market closes on Monday, April 29th. Analysts expect the company to announce earnings of $0.76 per share for the quarter.
TriNet Group (NYSE:TNET) last released its quarterly earnings data on Thursday, February 14th. The business services provider reported $0.59 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.16. TriNet Group had a return on equity of 56.98% and a net margin of 5.48%. The business had revenue of $225.00 million for the quarter, compared to the consensus estimate of $211.58 million. During the same quarter in the previous year, the company posted $0.46 EPS. The company’s revenue was up 10.3% compared to the same quarter last year. On average, analysts expect TriNet Group to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.
NYSE:TNET opened at $59.97 on Monday. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.16 and a current ratio of 1.16. TriNet Group has a 1 year low of $38.74 and a 1 year high of $63.65. The company has a market capitalization of $4.20 billion, a price-to-earnings ratio of 23.33 and a beta of 2.15.
A number of analysts have issued reports on TNET shares. ValuEngine raised TriNet Group from a “hold” rating to a “buy” rating in a research note on Friday, February 15th. Zacks Investment Research raised TriNet Group from a “hold” rating to a “buy” rating and set a $52.00 price objective on the stock in a research note on Thursday, February 7th. JPMorgan Chase & Co. raised TriNet Group from an “underweight” rating to a “neutral” rating and lifted their price objective for the stock from $53.00 to $60.00 in a research note on Friday, February 15th. Finally, William Blair raised TriNet Group from a “market perform” rating to an “outperform” rating and set a $46.80 price objective on the stock in a research note on Tuesday, February 12th. They noted that the move was a valuation call. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. TriNet Group presently has a consensus rating of “Hold” and a consensus price target of $58.63.
In other news, VP Edward Griese sold 482 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $61.80, for a total transaction of $29,787.60. Following the transaction, the vice president now owns 65,369 shares of the company’s stock, valued at approximately $4,039,804.20. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director L.P. Agi-T bought 1,000 shares of the business’s stock in a transaction dated Monday, February 25th. The shares were bought at an average cost of $63.14 per share, for a total transaction of $63,140.00. The disclosure for this purchase can be found here. In the last three months, insiders have sold 164,901 shares of company stock worth $9,400,663. Corporate insiders own 37.00% of the company’s stock.
TriNet Group Company Profile
TriNet Group, Inc provides human resources solutions for small and midsize businesses in the United States and Canada. The company offers multi-state payroll processing and tax administration; employee benefits programs, including health insurance and retirement plans; workers compensation insurance and claims management; employment and benefit law compliance; and other services.
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