Media headlines about TriNet (NYSE:TNET) have trended somewhat positive recently, according to Accern. The research firm identifies negative and positive press coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. TriNet earned a media sentiment score of 0.15 on Accern’s scale. Accern also gave headlines about the business services provider an impact score of 45.0301411938209 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the news headlines that may have effected Accern Sentiment Analysis’s scoring:
Shares of TNET stock opened at $46.98 on Tuesday. TriNet has a 52 week low of $27.27 and a 52 week high of $49.00. The firm has a market capitalization of $3,269.48, a P/E ratio of 27.31 and a beta of 2.50. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.86.
TriNet (NYSE:TNET) last announced its quarterly earnings results on Tuesday, February 27th. The business services provider reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.05). TriNet had a return on equity of 102.76% and a net margin of 5.42%. The business had revenue of $204.00 million during the quarter, compared to analysts’ expectations of $198.33 million. sell-side analysts anticipate that TriNet will post 2.19 EPS for the current fiscal year.
TriNet announced that its Board of Directors has approved a share repurchase program on Tuesday, February 27th that allows the company to repurchase $120.00 million in shares. This repurchase authorization allows the business services provider to buy shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its stock is undervalued.
TNET has been the subject of a number of analyst reports. Stifel Nicolaus increased their price objective on TriNet to $54.00 and gave the company a “buy” rating in a research note on Wednesday, February 28th. ValuEngine raised TriNet from a “hold” rating to a “buy” rating in a research note on Wednesday, April 4th. Morgan Stanley raised TriNet from an “underweight” rating to an “equal weight” rating and set a $46.00 price objective for the company in a research note on Wednesday, April 4th. Finally, Zacks Investment Research raised TriNet from a “sell” rating to a “hold” rating in a research note on Wednesday, February 7th. One analyst has rated the stock with a sell rating, two have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. TriNet presently has a consensus rating of “Buy” and an average price target of $44.20.
In other TriNet news, SVP Brady Mickelsen sold 6,393 shares of the stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $41.11, for a total value of $262,816.23. Following the completion of the transaction, the senior vice president now owns 35,036 shares in the company, valued at $1,440,329.96. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Wayne B. Lowell sold 10,000 shares of the stock in a transaction on Wednesday, March 7th. The stock was sold at an average price of $47.54, for a total value of $475,400.00. Following the completion of the transaction, the director now owns 26,381 shares of the company’s stock, valued at approximately $1,254,152.74. The disclosure for this sale can be found here. Insiders sold 183,609 shares of company stock valued at $8,132,409 in the last ninety days. 41.80% of the stock is currently owned by insiders.
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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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