Brokerages expect TriNet Group Inc (NYSE:TNET) to report earnings of $0.69 per share for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for TriNet Group’s earnings. The lowest EPS estimate is $0.68 and the highest is $0.69. TriNet Group reported earnings of $0.87 per share during the same quarter last year, which would indicate a negative year over year growth rate of 20.7%. The company is scheduled to report its next earnings results on Monday, July 29th.
On average, analysts expect that TriNet Group will report full-year earnings of $3.39 per share for the current fiscal year, with EPS estimates ranging from $3.37 to $3.41. For the next year, analysts forecast that the company will post earnings of $3.86 per share, with EPS estimates ranging from $3.73 to $4.03. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that that provide coverage for TriNet Group.
TriNet Group (NYSE:TNET) last released its quarterly earnings data on Monday, April 29th. The business services provider reported $0.87 earnings per share for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.01). The business had revenue of $251.00 million during the quarter, compared to the consensus estimate of $233.65 million. TriNet Group had a return on equity of 54.21% and a net margin of 5.62%. The business’s revenue was up 14.1% on a year-over-year basis. During the same period last year, the company earned $0.80 EPS.
Separately, Zacks Investment Research lowered TriNet Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 17th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $58.63.
Shares of NYSE TNET traded up $0.14 during mid-day trading on Monday, reaching $69.15. The company’s stock had a trading volume of 2,885 shares, compared to its average volume of 307,537. The company has a market cap of $4.83 billion, a price-to-earnings ratio of 26.89 and a beta of 1.93. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.95. The firm’s fifty day simple moving average is $63.33. TriNet Group has a 52 week low of $38.74 and a 52 week high of $69.81.
In related news, VP Edward Griese sold 1,403 shares of the stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $62.07, for a total transaction of $87,084.21. Following the completion of the transaction, the vice president now directly owns 71,443 shares of the company’s stock, valued at $4,434,467.01. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Martin Babinec sold 30,200 shares of the stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $68.01, for a total value of $2,053,902.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 207,353 shares of company stock valued at $13,212,435. 37.00% of the stock is owned by corporate insiders.
A number of institutional investors have recently made changes to their positions in the stock. Great West Life Assurance Co. Can lifted its stake in shares of TriNet Group by 33.3% in the 4th quarter. Great West Life Assurance Co. Can now owns 5,706 shares of the business services provider’s stock valued at $231,000 after purchasing an additional 1,425 shares during the last quarter. Norges Bank bought a new stake in shares of TriNet Group in the 4th quarter valued at approximately $32,128,000. Intrust Bank NA lifted its stake in shares of TriNet Group by 45.3% in the 4th quarter. Intrust Bank NA now owns 7,495 shares of the business services provider’s stock valued at $314,000 after purchasing an additional 2,338 shares during the last quarter. Teacher Retirement System of Texas bought a new stake in shares of TriNet Group in the 1st quarter valued at approximately $1,847,000. Finally, Biltmore Capital Advisors LLC bought a new stake in shares of TriNet Group in the 1st quarter valued at approximately $766,000. 86.72% of the stock is owned by institutional investors.
About TriNet Group
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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