TriNet Group (NYSE:TNET – Get Free Report) issued an update on its FY 2026 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 4.500-5.100 for the period, compared to the consensus earnings per share estimate of 4.340. The company issued revenue guidance of $4.8 billion-$4.9 billion, compared to the consensus revenue estimate of $4.1 billion.
TriNet Group Trading Up 2.4%
Shares of NYSE:TNET traded up $1.68 during mid-day trading on Thursday, reaching $71.91. The stock had a trading volume of 699,198 shares, compared to its average volume of 468,715. The firm has a 50 day simple moving average of $51.54 and a two-hundred day simple moving average of $46.81. TriNet Group has a twelve month low of $33.60 and a twelve month high of $73.07. The firm has a market cap of $3.30 billion, a PE ratio of 21.46 and a beta of 0.99. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 10.80.
TriNet Group (NYSE:TNET – Get Free Report) last issued its earnings results on Thursday, July 30th. The business services provider reported $1.55 EPS for the quarter, beating the consensus estimate of $0.93 by $0.62. The firm had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.18 billion. TriNet Group had a net margin of 3.22% and a return on equity of 219.54%. During the same quarter in the prior year, the firm earned $1.15 earnings per share. TriNet Group has set its FY 2026 guidance at 4.500-5.100 EPS. On average, research analysts predict that TriNet Group will post 3.55 EPS for the current fiscal year.
TriNet Group Dividend Announcement
Wall Street Analyst Weigh In
Several equities analysts have recently weighed in on TNET shares. TD Cowen lifted their price objective on TriNet Group from $46.00 to $49.00 and gave the company a “hold” rating in a report on Friday, June 26th. Zacks Research lowered shares of TriNet Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 3rd. JPMorgan Chase & Co. lifted their price target on shares of TriNet Group from $43.00 to $45.00 and gave the company an “underweight” rating in a research note on Friday, May 1st. Truist Financial upped their price target on shares of TriNet Group from $50.00 to $62.00 and gave the company a “hold” rating in a report on Wednesday, July 22nd. Finally, Weiss Ratings upgraded shares of TriNet Group from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday. One investment analyst has rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $55.80.
Read Our Latest Stock Report on TNET
Insider Buying and Selling
In related news, SVP Anthony Shea Treadway sold 933 shares of the firm’s stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $43.46, for a total value of $40,548.18. Following the completion of the transaction, the senior vice president owned 67,678 shares of the company’s stock, valued at approximately $2,941,285.88. This trade represents a 1.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 40.00% of the company’s stock.
Key Stories Impacting TriNet Group
Here are the key news stories impacting TriNet Group this week:
- Positive Sentiment: Q2 earnings significantly exceeded estimates. TriNet reported adjusted earnings of $1.55 per diluted share, up from $1.15 a year earlier and ahead of analysts’ estimates ranging from $0.93 to $1.01. GAAP earnings per share rose 50% to $1.15. TriNet Announces Second Quarter 2026 Results & Raises FY26 Earnings Guidance
- Positive Sentiment: Full-year guidance was raised. TriNet now expects fiscal 2026 adjusted EPS of $4.50 to $5.10, above the $4.34 consensus estimate, and revenue of approximately $4.8 billion to $4.9 billion. The improved outlook is a key catalyst for the stock. TriNet Announces Second Quarter 2026 Results & Raises FY26 Earnings Guidance
- Positive Sentiment: Revenue met expectations. Second-quarter revenue was $1.18 billion, in line with Wall Street forecasts, while the earnings beat and year-over-year profit growth point to improved operating performance. TriNet Group Beats Q2 Earnings and Revenue Estimates
- Neutral Sentiment: Analyst opinion remained cautious. Truist Financial reiterated its “Hold” rating, suggesting the firm sees limited near-term upside despite the strong results. Truist Financial Sticks to Their Hold Rating for TriNet Group
Institutional Investors Weigh In On TriNet Group
Several hedge funds have recently added to or reduced their stakes in TNET. Aster Capital Management DIFC Ltd bought a new position in TriNet Group in the 4th quarter valued at about $28,000. Quarry LP grew its position in shares of TriNet Group by 524.7% in the third quarter. Quarry LP now owns 456 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 383 shares during the last quarter. CIBC Bancorp USA Inc. acquired a new position in shares of TriNet Group in the third quarter valued at approximately $213,000. Curi Capital LLC bought a new position in shares of TriNet Group during the second quarter worth approximately $243,000. Finally, Mariner LLC bought a new position in shares of TriNet Group during the fourth quarter worth approximately $245,000. Institutional investors and hedge funds own 96.81% of the company’s stock.
TriNet Group Company Profile
TriNet Group, Inc is a leading professional employer organization (PEO) that offers integrated human capital management solutions to small and medium-size businesses. Through a bundled suite of services, TriNet manages payroll administration, employee benefits, workers’ compensation, risk mitigation and federal and state compliance. Its cloud-based platform provides clients with centralized access to HR tools, analytics and streamlined workforce management capabilities.
Founded in 1988 and headquartered in Dublin, California, TriNet has grown to support thousands of organizations across the United States.
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