TriNet Group (TNET) Scheduled to Post Earnings on Friday

TriNet Group (NYSE:TNET) is scheduled to issue its quarterly earnings data before the market opens on Friday, October 25th. Analysts expect the company to announce earnings of $1.09 per share for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

TriNet Group (NYSE:TNET) last released its earnings results on Friday, July 26th. The business services provider reported $1.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.98 by $0.29. TriNet Group had a net margin of 6.29% and a return on equity of 397.90%. The company had revenue of $310.00 million for the quarter, compared to the consensus estimate of $301.76 million. On average, analysts expect TriNet Group to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

TriNet Group Trading Up 1.4 %

TNET opened at $93.33 on Thursday. The company has a fifty day moving average price of $97.18 and a two-hundred day moving average price of $103.34. TriNet Group has a 1-year low of $89.93 and a 1-year high of $134.67. The company has a market cap of $4.72 billion, a P/E ratio of 15.30 and a beta of 1.17. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 9.84.

TriNet Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, October 28th. Investors of record on Tuesday, October 1st will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date of this dividend is Tuesday, October 1st. TriNet Group’s dividend payout ratio (DPR) is currently 16.39%.

Analyst Ratings Changes

Several equities research analysts have recently commented on TNET shares. JPMorgan Chase & Co. restated an “underweight” rating and set a $103.00 price objective on shares of TriNet Group in a report on Tuesday. Needham & Company LLC restated a “buy” rating and set a $140.00 price target on shares of TriNet Group in a research note on Wednesday, September 11th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, TriNet Group has an average rating of “Hold” and an average price target of $118.40.

Insiders Place Their Bets

In other news, Director Paul Edward Chamberlain sold 375 shares of TriNet Group stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $106.50, for a total transaction of $39,937.50. Following the sale, the director now directly owns 37,966 shares in the company, valued at $4,043,379. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, Director Paul Edward Chamberlain sold 375 shares of the firm’s stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $106.50, for a total transaction of $39,937.50. Following the completion of the sale, the director now owns 37,966 shares in the company, valued at $4,043,379. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Kelly L. Tuminelli sold 4,683 shares of the stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $102.96, for a total value of $482,161.68. Following the transaction, the chief financial officer now directly owns 82,409 shares of the company’s stock, valued at approximately $8,484,830.64. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 37.10% of the company’s stock.

About TriNet Group

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.