TriNet Group (TNET) to Release Earnings on Friday

TriNet Group (NYSE:TNET - Get Free Report) is set to release its earnings data before the market opens on Friday, October 25th. Analysts expect TriNet Group to post earnings of $1.09 per share for the quarter. Persons interested in listening to the company's earnings conference call can do so using this link.

TriNet Group (NYSE:TNET - Get Free Report) last posted its earnings results on Friday, July 26th. The business services provider reported $1.27 earnings per share for the quarter, beating analysts' consensus estimates of $0.98 by $0.29. The business had revenue of $310.00 million during the quarter, compared to analyst estimates of $301.76 million. TriNet Group had a return on equity of 397.90% and a net margin of 6.29%. 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 Price Performance

TNET stock traded down $3.15 during mid-day trading on Friday, reaching $93.78. 399,274 shares of the company traded hands, compared to its average volume of 273,778. The company has a debt-to-equity ratio of 9.84, a current ratio of 1.04 and a quick ratio of 1.04. The company has a market capitalization of $4.66 billion, a P/E ratio of 16.37 and a beta of 1.17. TriNet Group has a 52-week low of $91.59 and a 52-week high of $134.67. The company has a fifty day moving average price of $97.23 and a 200-day moving average price of $104.60.

TriNet Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, October 28th. Shareholders of record on Tuesday, October 1st will be issued 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 payout ratio is presently 16.89%.

Insider Buying and Selling at TriNet Group

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

Analyst Upgrades and Downgrades

A number of research firms have weighed in on TNET. TD Cowen reduced their target price on TriNet Group from $132.00 to $118.00 and set a "buy" rating for the company in a report on Monday, June 24th. Needham & Company LLC reissued a "buy" rating and set a $140.00 price objective on shares of TriNet Group in a report on Wednesday, September 11th. Finally, JPMorgan Chase & Co. cut their price objective on TriNet Group from $107.00 to $103.00 and set an "underweight" rating for the company in a report on Tuesday, August 20th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $118.40.

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.