TriNet Group (TNET) Projected to Post Quarterly Earnings on Friday

TriNet Group (NYSE:TNET - Get Free Report) will likely be posting its quarterly earnings results before the market opens on Friday, April 25th. Analysts expect TriNet Group to post earnings of $1.67 per share and revenue of $319.36 million for the quarter. TriNet Group has set its FY 2025 guidance at 3.250-4.750 EPS.Persons that wish to listen to the company's earnings conference call can do so using this link.

TriNet Group (NYSE:TNET - Get Free Report) last announced its earnings results on Thursday, February 13th. The business services provider reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.02. The company had revenue of $252.00 million for the quarter, compared to the consensus estimate of $225.72 million. TriNet Group had a net margin of 3.46% and a return on equity of 200.82%. On average, analysts expect TriNet Group to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

TriNet Group Stock Performance

Shares of TriNet Group stock opened at $75.95 on Friday. The stock has a market cap of $3.68 billion, a PE ratio of 22.21 and a beta of 1.06. TriNet Group has a 12 month low of $65.43 and a 12 month high of $131.26. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 13.16. The business has a fifty day simple moving average of $76.37 and a 200-day simple moving average of $86.78.

TriNet Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 28th. Shareholders of record on Tuesday, April 1st will be given a dividend of $0.275 per share. The ex-dividend date is 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 1.45%. TriNet Group's dividend payout ratio (DPR) is presently 32.16%.

Insider Transactions at TriNet Group

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

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on TNET shares. Needham & Company LLC reissued a "hold" rating on shares of TriNet Group in a research report on Thursday, March 13th. TD Cowen downgraded shares of TriNet Group from a "buy" rating to a "hold" rating and cut their target price for the stock from $104.00 to $74.00 in a research report on Tuesday, February 18th.

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.

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