TriNet Group (TNET) Scheduled to Post Earnings on Friday

TriNet Group (NYSE:TNET) is scheduled to be issuing its quarterly earnings data before the market opens on Friday, October 25th. Analysts expect the company to announce earnings of $1.09 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

TriNet Group (NYSE:TNET) last issued its quarterly earnings data on Friday, July 26th. The business services provider reported $1.27 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.29. TriNet Group had a return on equity of 397.90% and a net margin of 6.29%. The business had revenue of $310.00 million for the quarter, compared to analyst estimates of $301.76 million. 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

Shares of TriNet Group stock opened at $92.04 on Wednesday. The stock has a market capitalization of $4.57 billion, a price-to-earnings ratio of 15.55 and a beta of 1.17. TriNet Group has a 1-year low of $89.93 and a 1-year high of $134.67. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 9.84. The firm has a fifty day simple moving average of $97.18 and a 200-day simple moving average of $103.41.

TriNet Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 28th. Stockholders of record on Tuesday, October 1st will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.09%. The ex-dividend date is Tuesday, October 1st. TriNet Group’s dividend payout ratio is currently 16.89%.

Insider Buying and Selling

In other news, CFO Kelly L. Tuminelli sold 4,683 shares of the business’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $102.96, for a total transaction of $482,161.68. Following 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 transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other TriNet Group news, Director Paul Edward Chamberlain sold 375 shares of the firm’s stock in a transaction dated Wednesday, July 31st. The shares were 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 trade 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 firm’s stock in a transaction that occurred 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 transaction, the chief financial officer now owns 82,409 shares of the company’s stock, valued at $8,484,830.64. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 37.10% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

TNET has been the subject of several recent analyst reports. Needham & Company LLC restated a “buy” rating and set a $140.00 target price on shares of TriNet Group in a research note on Wednesday, September 11th. JPMorgan Chase & Co. reiterated an “underweight” rating and set a $103.00 price target on shares of TriNet Group in a report on Tuesday. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus 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.