TriNet Group (NYSE:TNET) Issues Earnings Results

TriNet Group (NYSE:TNET) issued its quarterly earnings data on Thursday. The business services provider reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.02, Zacks reports. The company had revenue of $252.00 million for the quarter, compared to analyst estimates of $225.72 million. TriNet Group had a net margin of 5.29% and a return on equity of 248.94%. TriNet Group updated its FY 2025 guidance to 3.250-4.750 EPS.

TriNet Group Stock Performance

NYSE:TNET traded down $1.14 during mid-day trading on Friday, reaching $77.35. 666,946 shares of the company’s stock were exchanged, compared to its average volume of 231,172. TriNet Group has a one year low of $74.32 and a one year high of $134.67. The firm has a market capitalization of $3.84 billion, a PE ratio of 14.90 and a beta of 1.21. The business’s fifty day simple moving average is $91.60 and its two-hundred day simple moving average is $93.91. The company has a debt-to-equity ratio of 7.70, a quick ratio of 1.07 and a current ratio of 1.07.

TriNet Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, January 27th. Investors of record on Thursday, January 2nd were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date was Thursday, January 2nd. TriNet Group’s dividend payout ratio is 19.27%.

Insider Buying and Selling

In other TriNet Group news, CTO Jeffery Jon Hayward sold 7,784 shares of the firm’s stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $89.57, for a total value of $697,212.88. Following the transaction, the chief technology officer now directly owns 21,769 shares of the company’s stock, valued at $1,949,849.33. This trade represents a 26.34 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last three months, insiders have sold 11,942 shares of company stock valued at $1,083,506. 37.10% of the stock is owned by company insiders.

Analysts Set New Price Targets

TNET has been the topic of several research analyst reports. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $103.00 price objective on shares of TriNet Group in a research report on Tuesday, October 22nd. Needham & Company LLC reissued a “hold” rating on shares of TriNet Group in a research report on Friday. Finally, TD Cowen increased their price objective on shares of TriNet Group from $92.00 to $104.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $117.00.

About TriNet Group

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.