TriNet Group (NYSE:TNET) Releases Earnings Results, Beats Expectations By $0.02 EPS

TriNet Group (NYSE:TNET - Get Free Report) released its earnings results on Thursday. The business services provider reported $0.27 EPS for the quarter, topping the consensus estimate of $0.25 by $0.02, Zacks reports. TriNet Group had a net margin of 5.29% and a return on equity of 248.94%. The company had revenue of $252.00 million during the quarter, compared to analysts' expectations of $225.72 million. TriNet Group updated its FY 2025 guidance to 3.250-4.750 EPS.

TriNet Group Price Performance

TNET traded down $1.14 during midday trading on Monday, reaching $77.35. 666,946 shares of the company's stock were exchanged, compared to its average volume of 231,172. The company has a debt-to-equity ratio of 7.70, a current ratio of 1.07 and a quick ratio of 1.07. The stock has a market capitalization of $3.84 billion, a PE ratio of 14.90 and a beta of 1.21. The business's 50-day moving average price is $91.25 and its 200 day moving average price is $93.57. TriNet Group has a 1-year low of $74.32 and a 1-year high of $134.67.

TriNet Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, January 27th. Shareholders of record on Thursday, January 2nd were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date was Thursday, January 2nd. TriNet Group's payout ratio is currently 19.27%.

Analyst Ratings Changes

Several brokerages recently commented on TNET. JPMorgan Chase & Co. reiterated an "underweight" rating and issued a $103.00 price objective on shares of TriNet Group in a research note on Tuesday, October 22nd. Needham & Company LLC reiterated a "hold" rating on shares of TriNet Group in a research note on Friday. Finally, TD Cowen raised their price objective on shares of TriNet Group from $92.00 to $104.00 and gave the company a "buy" rating in a research note on Wednesday, November 20th.

Insiders Place Their Bets

In other TriNet Group news, CTO Jeffery Jon Hayward sold 7,784 shares of TriNet Group stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $89.57, for a total transaction of $697,212.88. Following the completion of the transaction, the chief technology officer now owns 21,769 shares in the company, valued at approximately $1,949,849.33. The trade was a 26.34 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last quarter, insiders sold 11,942 shares of company stock worth $1,083,506. 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.