TriNet Group (NYSE:TNET) Issues Earnings Results

TriNet Group (NYSE:TNET - Get Free Report) announced its quarterly earnings data on Friday. The business services provider reported $1.99 EPS for the quarter, beating analysts' consensus estimates of $1.67 by $0.32, RTT News reports. The company had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $319.36 million. TriNet Group had a return on equity of 200.82% and a net margin of 3.46%. During the same quarter in the prior year, the firm earned $2.18 EPS. TriNet Group updated its FY 2025 guidance to 3.250-4.750 EPS.

TriNet Group Stock Performance

TNET stock traded down $1.23 during mid-day trading on Tuesday, reaching $78.25. 588,540 shares of the stock traded hands, compared to its average volume of 383,699. The firm has a market capitalization of $3.79 billion, a PE ratio of 22.88 and a beta of 1.06. The business has a 50-day moving average of $75.87 and a two-hundred day moving average of $85.65. TriNet Group has a 52 week low of $65.43 and a 52 week high of $116.26. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 13.16.

TriNet Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 28th. Investors of record on Tuesday, April 1st were paid a $0.275 dividend. The ex-dividend date of this dividend was Tuesday, April 1st. This is a positive change from TriNet Group's previous quarterly dividend of $0.25. This represents a $1.10 dividend on an annualized basis and a yield of 1.41%. TriNet Group's dividend payout ratio (DPR) is presently 32.84%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. JPMorgan Chase & Co. upped their price target on shares of TriNet Group from $75.00 to $76.00 and gave the company an "underweight" rating in a research report on Monday. TD Cowen cut TriNet Group from a "buy" rating to a "hold" rating and decreased their target price for the stock from $104.00 to $74.00 in a research report on Tuesday, February 18th. Finally, Needham & Company LLC reissued a "hold" rating on shares of TriNet Group in a research report on Thursday, March 13th.

Insider Activity at TriNet Group

In other news, CTO Jeffery Jon Hayward sold 1,364 shares of the business's stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $69.36, for a total transaction of $94,607.04. Following the sale, the chief technology officer now directly owns 19,867 shares in the company, valued at approximately $1,377,975.12. The trade was a 6.42 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Paul Edward Chamberlain sold 600 shares of the firm's stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $69.36, for a total transaction of $41,616.00. Following the transaction, the director now owns 36,991 shares of the company's stock, valued at approximately $2,565,695.76. This represents a 1.60 % decrease in their position. The disclosure for this sale can be found here. 37.10% of the stock is owned by corporate insiders.

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.