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

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.

Earnings History for TriNet Group (NYSE:TNET)

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