TriNet Group (TNET) to Release Earnings on Thursday

TriNet Group (NYSE:TNET - Get Free Report) will likely be announcing its earnings results before the market opens on Thursday, February 13th. Analysts expect the company to announce earnings of $0.25 per share and revenue of $225.28 million for the quarter. Persons that are interested in participating in the company's earnings conference call can do so using this link.

TriNet Group Stock Down 2.7 %

Shares of NYSE:TNET traded down $2.47 on Friday, reaching $87.94. The company had a trading volume of 463,440 shares, compared to its average volume of 231,172. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 7.70. The stock has a market capitalization of $4.36 billion, a P/E ratio of 16.94 and a beta of 1.21. The stock has a 50-day moving average price of $91.97 and a 200 day moving average price of $94.37. TriNet Group has a twelve month low of $74.32 and a twelve month high of $134.67.

TriNet Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, January 27th. Investors of record on Thursday, January 2nd were issued a $0.25 dividend. The ex-dividend date of this dividend was Thursday, January 2nd. This represents a $1.00 annualized dividend and a yield of 1.14%. TriNet Group's dividend payout ratio (DPR) is currently 19.27%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. TD Cowen lifted their price target on shares of TriNet Group from $92.00 to $104.00 and gave the company a "buy" rating in a research report on Wednesday, November 20th. Needham & Company LLC lowered shares of TriNet Group from a "buy" rating to a "hold" rating and set a $140.00 target price for the company. in a research report on Monday, October 28th. Finally, JPMorgan Chase & Co. restated an "underweight" rating and set a $103.00 price target on shares of TriNet Group in a report on Tuesday, October 22nd. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, TriNet Group presently has an average rating of "Hold" and a consensus target price of $117.00.

Insider Buying and Selling

In other TriNet Group news, CTO Jeffery Jon Hayward sold 7,784 shares of the firm's stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $89.57, for a total value of $697,212.88. Following the completion of the sale, the chief technology officer now owns 21,769 shares in the company, valued at approximately $1,949,849.33. This trade represents a 26.34 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last quarter, insiders have sold 11,942 shares of company stock valued at $1,083,506. 37.10% of the stock is owned by company 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.