Equities research analysts forecast that TriNet Group Inc (NYSE:TNET) will post $0.56 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for TriNet Group’s earnings. The lowest EPS estimate is $0.54 and the highest is $0.58. TriNet Group also posted earnings per share of $0.56 in the same quarter last year. The company is expected to issue its next earnings results on Thursday, November 1st.
According to Zacks, analysts expect that TriNet Group will report full-year earnings of $2.77 per share for the current financial year, with EPS estimates ranging from $2.71 to $2.84. For the next year, analysts expect that the firm will report earnings of $3.06 per share, with EPS estimates ranging from $2.86 to $3.28. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that follow TriNet Group.
TriNet Group (NYSE:TNET) last released its quarterly earnings results on Monday, July 30th. The business services provider reported $0.87 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.27. TriNet Group had a net margin of 6.54% and a return on equity of 74.08%. The company had revenue of $220.00 million during the quarter, compared to analysts’ expectations of $208.41 million. During the same period in the prior year, the company earned $0.52 earnings per share. The business’s quarterly revenue was up 9.5% compared to the same quarter last year.
A number of research firms have issued reports on TNET. Zacks Investment Research cut shares of TriNet Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 3rd. Stifel Nicolaus upped their price objective on shares of TriNet Group from $64.00 to $66.00 and gave the company a “buy” rating in a research report on Tuesday, July 31st. Morgan Stanley upped their price objective on shares of TriNet Group from $51.00 to $55.00 and gave the company a “hold” rating in a research report on Tuesday, July 31st. Finally, Credit Suisse Group initiated coverage on shares of TriNet Group in a research report on Friday, August 10th. They set a “neutral” rating and a $65.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. TriNet Group has an average rating of “Buy” and a consensus price target of $61.75.
In related news, SVP Brady Mickelsen sold 13,916 shares of the stock in a transaction dated Monday, August 20th. The shares were sold at an average price of $57.88, for a total value of $805,458.08. Following the completion of the transaction, the senior vice president now owns 59,379 shares of the company’s stock, valued at $3,436,856.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Burton M. Goldfield sold 1,766 shares of the stock in a transaction dated Monday, June 18th. The stock was sold at an average price of $55.81, for a total transaction of $98,560.46. Following the completion of the transaction, the chief executive officer now directly owns 208,472 shares of the company’s stock, valued at approximately $11,634,822.32. The disclosure for this sale can be found here. Insiders have sold 200,800 shares of company stock valued at $11,213,755 in the last ninety days. 38.90% of the stock is owned by company insiders.
A number of large investors have recently bought and sold shares of TNET. SG Americas Securities LLC acquired a new position in TriNet Group in the first quarter worth about $144,000. Mackay Shields LLC acquired a new position in TriNet Group in the first quarter worth about $4,169,000. Parametrica Management Ltd raised its position in TriNet Group by 12.1% in the first quarter. Parametrica Management Ltd now owns 12,657 shares of the business services provider’s stock worth $586,000 after purchasing an additional 1,363 shares in the last quarter. Chicago Equity Partners LLC raised its position in TriNet Group by 4.9% in the first quarter. Chicago Equity Partners LLC now owns 167,325 shares of the business services provider’s stock worth $7,750,000 after purchasing an additional 7,865 shares in the last quarter. Finally, Engineers Gate Manager LP raised its position in TriNet Group by 36.6% in the first quarter. Engineers Gate Manager LP now owns 51,981 shares of the business services provider’s stock worth $2,408,000 after purchasing an additional 13,939 shares in the last quarter. 87.12% of the stock is owned by hedge funds and other institutional investors.
TNET stock traded down $0.60 during mid-day trading on Monday, reaching $56.96. 8,892 shares of the stock traded hands, compared to its average volume of 286,899. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.18 and a quick ratio of 1.18. TriNet Group has a 52 week low of $32.73 and a 52 week high of $60.15. The stock has a market capitalization of $4.17 billion, a price-to-earnings ratio of 33.22 and a beta of 2.39.
TriNet Group Company Profile
TriNet Group, Inc provides human resources solutions for small and midsize businesses in the United States and Canada. 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 benefit law compliance; and other services.
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