Equities analysts expect TriNet Group Inc (NYSE:TNET) to post $0.17 earnings per share for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for TriNet Group’s earnings, with the lowest EPS estimate coming in at $0.12 and the highest estimate coming in at $0.22. TriNet Group posted earnings of $0.81 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 79%. The business is expected to announce its next quarterly earnings results on Thursday, October 22nd.
According to Zacks, analysts expect that TriNet Group will report full-year earnings of $3.69 per share for the current year, with EPS estimates ranging from $3.60 to $3.81. For the next year, analysts expect that the firm will post earnings of $3.51 per share, with EPS estimates ranging from $3.35 to $3.64. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that that provide coverage for TriNet Group.
TriNet Group (NYSE:TNET) last issued its quarterly earnings data on Monday, July 27th. The business services provider reported $2.03 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.99 by $1.04. The firm had revenue of $335.00 million for the quarter, compared to analyst estimates of $268.46 million. TriNet Group had a return on equity of 60.66% and a net margin of 8.03%. The business’s quarterly revenue was up 45.0% compared to the same quarter last year. During the same period last year, the company earned $0.70 EPS.
A number of equities research analysts have commented on TNET shares. Credit Suisse Group lifted their target price on shares of TriNet Group from $44.00 to $54.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 28th. Stifel Nicolaus upped their price target on shares of TriNet Group from $66.00 to $79.00 and gave the stock a “buy” rating in a research report on Tuesday, July 28th. JPMorgan Chase & Co. raised their price objective on shares of TriNet Group from $65.00 to $82.00 and gave the company a “neutral” rating in a research report on Monday, August 17th. Finally, Zacks Investment Research raised shares of TriNet Group from a “hold” rating to a “strong-buy” rating and set a $78.00 target price for the company in a report on Saturday, August 1st. Three analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $73.25.
NYSE TNET traded up $1.38 during trading hours on Wednesday, hitting $67.14. The company’s stock had a trading volume of 4,807 shares, compared to its average volume of 400,788. The company has a market cap of $4.43 billion, a P/E ratio of 14.17 and a beta of 1.66. The company’s 50 day simple moving average is $63.40 and its two-hundred day simple moving average is $56.01. TriNet Group has a 12 month low of $27.79 and a 12 month high of $73.82. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.23 and a quick ratio of 1.23.
In other news, Director H Raymond Bingham sold 495 shares of the firm’s stock in a transaction dated Wednesday, September 2nd. The stock was sold at an average price of $67.73, for a total value of $33,526.35. Following the completion of the transaction, the director now directly owns 5,773 shares in the company, valued at $391,005.29. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Edward Griese sold 648 shares of the company’s stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $69.55, for a total value of $45,068.40. Following the completion of the sale, the senior vice president now owns 38,565 shares in the company, valued at approximately $2,682,195.75. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 200,267 shares of company stock worth $12,892,194. 39.70% of the stock is owned by corporate insiders.
Hedge funds have recently modified their holdings of the company. ArrowMark Colorado Holdings LLC boosted its stake in shares of TriNet Group by 28.5% in the first quarter. ArrowMark Colorado Holdings LLC now owns 5,156,325 shares of the business services provider’s stock worth $194,187,000 after buying an additional 1,144,336 shares during the last quarter. Teacher Retirement System of Texas acquired a new stake in TriNet Group in the 2nd quarter valued at about $63,162,000. FMR LLC raised its holdings in TriNet Group by 582.0% in the 2nd quarter. FMR LLC now owns 1,046,180 shares of the business services provider’s stock valued at $63,754,000 after acquiring an additional 892,772 shares during the last quarter. Harbor Spring Capital LLC lifted its stake in TriNet Group by 83.2% in the 1st quarter. Harbor Spring Capital LLC now owns 1,024,842 shares of the business services provider’s stock worth $38,596,000 after purchasing an additional 465,369 shares in the last quarter. Finally, Wellington Management Group LLP boosted its holdings in shares of TriNet Group by 3.1% during the 1st quarter. Wellington Management Group LLP now owns 7,328,273 shares of the business services provider’s stock worth $275,983,000 after purchasing an additional 217,867 shares during the last quarter. 92.66% of the stock is owned by institutional investors and hedge funds.
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.
Further Reading: Trade Deficit
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for TriNet Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TriNet Group and related companies with MarketBeat.com's FREE daily email newsletter.