TriNet Group (TNET) to Release Quarterly Earnings on Thursday

TriNet Group (NYSE:TNET) is anticipated to issue its quarterly earnings data before the market opens on Thursday, February 13th. Analysts expect the company to announce earnings of $0.25 per share and revenue of $225.28 million for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

TriNet Group Trading Down 2.1 %

Shares of TriNet Group stock opened at $91.94 on Wednesday. The stock has a fifty day moving average price of $91.96 and a 200-day moving average price of $94.17. The company has a debt-to-equity ratio of 7.70, a current ratio of 1.07 and a quick ratio of 1.07. The firm has a market cap of $4.56 billion, a PE ratio of 17.72 and a beta of 1.21. TriNet Group has a 1 year low of $74.32 and a 1 year high of $134.67.

TriNet Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 27th. Shareholders of record on Thursday, January 2nd were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.09%. The ex-dividend date was Thursday, January 2nd. TriNet Group’s dividend payout ratio is 19.27%.

Insiders Place Their Bets

In other news, CTO Jeffery Jon Hayward sold 7,784 shares of the company’s stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $89.57, for a total transaction of $697,212.88. Following the sale, the chief technology officer now directly owns 21,769 shares in the company, valued at $1,949,849.33. This represents a 26.34 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders have sold a total of 11,942 shares of company stock worth $1,083,506 over the last 90 days. Corporate insiders own 37.10% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Needham & Company LLC cut shares of TriNet Group from a “buy” rating to a “hold” rating and set a $140.00 price target on the stock. in a report on Monday, October 28th. TD Cowen upped their price target on TriNet Group from $92.00 to $104.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Finally, JPMorgan Chase & Co. reissued an “underweight” rating and issued a $103.00 price objective on shares of TriNet Group in a report on Tuesday, October 22nd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $117.00.

TriNet Group Company Profile

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.