TriNet Group (TNET) Set to Announce Quarterly Earnings on Wednesday

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.

Earnings History for TriNet Group (NYSE:TNET)

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