TriNet Group (NYSE:TNET) is scheduled to be issuing its quarterly earnings data after the market closes on Wednesday, February 7th.
TriNet Group (NYSE:TNET) last announced its quarterly earnings results on Thursday, November 2nd. The business services provider reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.30. TriNet Group had a return on equity of 156.96% and a net margin of 4.15%. The firm had revenue of $205.90 million for the quarter, compared to analysts’ expectations of $174.89 million. During the same period in the prior year, the business posted $0.29 earnings per share. The business’s revenue was up 27.9% compared to the same quarter last year. On average, analysts expect TriNet Group to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Shares of TriNet Group (NYSE:TNET) opened at $43.56 on Wednesday. TriNet Group has a 1 year low of $24.09 and a 1 year high of $45.25. The firm has a market capitalization of $3,030.00, a price-to-earnings ratio of 23.05 and a beta of 3.01. The company has a debt-to-equity ratio of 3.00, a current ratio of 1.18 and a quick ratio of 1.18.
TNET has been the topic of a number of analyst reports. BidaskClub cut TriNet Group from a “buy” rating to a “hold” rating in a research report on Wednesday, October 25th. Zacks Investment Research cut TriNet Group from a “hold” rating to a “sell” rating in a research report on Wednesday, October 4th. Finally, Morgan Stanley upped their price target on TriNet Group from $31.00 to $32.00 and gave the company an “underweight” rating in a research report on Friday, November 3rd. Two research analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $38.00.
In other news, Director Martin Babinec sold 36,500 shares of the stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $41.17, for a total transaction of $1,502,705.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Brady Mickelsen sold 4,744 shares of the stock in a transaction on Friday, November 17th. The stock was sold at an average price of $42.73, for a total value of $202,711.12. Following the sale, the senior vice president now owns 29,392 shares in the company, valued at approximately $1,255,920.16. The disclosure for this sale can be found here. Insiders have sold 178,663 shares of company stock worth $7,648,196 in the last 90 days. Company insiders own 41.80% of the company’s stock.
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About TriNet Group
TriNet Group, Inc is a provider of human resources (HR) solutions for small to medium-sized businesses (SMBs). The Company’s HR solutions include services, such as 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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