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

TriNet Group (NYSE:TNET) is scheduled to release its earnings data before the market opens on Friday, April 26th. Analysts expect TriNet Group to post 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.Persons interested in participating in the company’s earnings conference call can do so using this link.

TriNet Group (NYSE:TNET) last released its earnings results on Thursday, February 15th. The business services provider reported $1.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.95 by $0.46. TriNet Group had a return on equity of 87.97% and a net margin of 7.62%. The firm had revenue of $326.00 million during the quarter, compared to analysts’ expectations 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 Performance

NYSE:TNET opened at $129.59 on Wednesday. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 12.62. TriNet Group has a 12-month low of $79.00 and a 12-month high of $134.67. The stock has a 50-day moving average price of $127.95 and a 200 day moving average price of $119.38. The stock has a market capitalization of $6.55 billion, a P/E ratio of 19.97 and a beta of 1.09.

TriNet Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, April 22nd. Investors of record on Monday, April 1st were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date was Thursday, March 28th. TriNet Group’s payout ratio is presently 15.41%.

Analyst Ratings Changes

TNET has been the topic of a number of research reports. TD Cowen lifted their price objective on TriNet Group from $129.00 to $140.00 and gave the stock an “outperform” rating in a research note on Monday, March 4th. Needham & Company LLC reaffirmed a “buy” rating and issued a $150.00 price objective on shares of TriNet Group in a research note on Friday, March 1st. StockNews.com raised TriNet Group from a “hold” rating to a “buy” rating in a research note on Monday, February 5th. Finally, Stifel Nicolaus lifted their price objective on TriNet Group from $117.00 to $121.00 and gave the stock a “buy” rating in a research note on Friday, February 16th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $119.17.

Insider Transactions at TriNet Group

In related news, Director Wayne B. Lowell sold 10,000 shares of the business’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $122.22, for a total transaction of $1,222,200.00. Following the completion of the transaction, the director now owns 84,766 shares in the company, valued at approximately $10,360,100.52. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other TriNet Group 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 transaction of $1,782,162.48. Following the completion of the sale, the executive vice president now directly owns 48,562 shares of the company’s stock, valued at approximately $6,064,422.56. The sale was disclosed in a filing with the SEC, which is available at 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 sale, the director now directly owns 84,766 shares of the company’s stock, valued at $10,360,100.52. The disclosure for this sale can be found here. In the last 90 days, insiders sold 31,052 shares of company stock worth $3,837,142. 37.10% of the stock is currently owned by company 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.