TriNet Group (NYSE:TNET) will be issuing its quarterly earnings data after the market closes on Tuesday, February 27th. Analysts expect the company to announce earnings of $0.47 per share for the quarter.
TriNet Group (TNET) opened at $41.66 on Tuesday. The company has a debt-to-equity ratio of 3.00, a quick ratio of 1.18 and a current ratio of 1.18. TriNet Group has a 1-year low of $25.55 and a 1-year high of $45.25. The firm has a market cap of $2,894.76, a price-to-earnings ratio of 25.25 and a beta of 2.78.
TNET has been the topic of several research reports. BidaskClub downgraded shares of TriNet Group from a “buy” rating to a “hold” rating in a report on Wednesday, October 25th. Morgan Stanley upped their price objective on shares of TriNet Group from $31.00 to $32.00 and gave the stock an “underweight” rating in a report on Friday, November 3rd. Finally, Zacks Investment Research downgraded shares of TriNet Group from a “strong-buy” rating to a “hold” rating in a report on Friday, January 5th. Two analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $38.00.
In other news, CEO Burton M. Goldfield sold 17,809 shares of the stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $43.52, for a total value of $775,047.68. Following the completion of the sale, the chief executive officer now owns 32,234 shares in the company, valued at $1,402,823.68. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Martin Babinec sold 36,500 shares of the stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $44.21, for a total transaction of $1,613,665.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 145,118 shares of company stock valued at $6,315,573. 41.80% of the stock is currently owned by corporate insiders.
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TriNet Group Company Profile
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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