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

TriNet Group (NYSE:TNET) is scheduled to issue its quarterly earnings data before the market opens on Friday, April 26th. Analysts expect the company to announce earnings of $2.22 per share for the quarter. TriNet Group has set its Q1 guidance at $2.10 to $2.85 EPS and its FY24 guidance at $5.80 to $7.35 EPS.Parties interested in registering for the company’s conference call can do so using this link.

TriNet Group (NYSE:TNET) last posted its earnings results on Thursday, February 15th. The business services provider reported $1.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.95 by $0.46. TriNet Group had a return on equity of 87.97% and a net margin of 7.62%. The company had revenue of $326.00 million for the quarter, compared to analyst estimates of $300.36 million. On average, analysts expect TriNet Group to post $6 EPS for the current fiscal year and $6 EPS for the next fiscal year.

TriNet Group Stock Down 1.7 %

TNET stock opened at $127.45 on Thursday. TriNet Group has a twelve month low of $79.00 and a twelve month high of $134.67. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 12.62. The stock’s 50 day moving average is $128.24 and its 200-day moving average is $119.43. The firm has a market capitalization of $6.45 billion, a PE ratio of 19.64 and a beta of 1.09.

TriNet Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 22nd. Investors of record on Monday, April 1st were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.78%. The ex-dividend date was Thursday, March 28th. TriNet Group’s payout ratio is 15.41%.

Wall Street Analyst Weigh In

A number of analysts recently commented on TNET shares. Stifel Nicolaus increased their price target on TriNet Group from $117.00 to $121.00 and gave the company a “buy” rating in a research report on Friday, February 16th. StockNews.com raised TriNet Group from a “hold” rating to a “buy” rating in a research report on Monday, February 5th. Needham & Company LLC reaffirmed a “buy” rating and set a $150.00 price target on shares of TriNet Group in a research report on Friday, March 1st. Finally, TD Cowen raised their target price on TriNet Group from $129.00 to $140.00 and gave the stock an “outperform” rating in a research report on Monday, March 4th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, TriNet Group currently has an average rating of “Moderate Buy” and an average target price of $119.17.

Insiders Place Their Bets

In other news, EVP Samantha Wellington sold 14,271 shares of TriNet Group stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $124.88, for a total value of $1,782,162.48. Following the completion of the transaction, the executive vice president now directly owns 48,562 shares in the company, valued at $6,064,422.56. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, EVP Samantha Wellington sold 14,271 shares of TriNet Group stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $124.88, for a total value of $1,782,162.48. Following the completion of the transaction, the executive vice president now directly owns 48,562 shares in the company, valued at $6,064,422.56. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Wayne B. Lowell sold 10,000 shares of TriNet Group stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $122.22, for a total value of $1,222,200.00. Following the completion of the transaction, the director now owns 84,766 shares of the company’s stock, valued at $10,360,100.52. The disclosure for this sale can be found here. Insiders sold 31,052 shares of company stock valued at $3,837,142 over the last ninety days. 37.10% of the stock is currently owned by insiders.

TriNet Group Company Profile

TriNet Group, Inc provides comprehensive and flexible human capital management services for small and medium size businesses in the United States. 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 benefits law compliance; and other HR related services.