Analysts expect that TriNet Group Inc (NYSE:TNET) will post earnings per share of $0.17 for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for TriNet Group’s earnings, with estimates ranging from $0.12 to $0.22. TriNet Group posted earnings of $0.81 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 79%. The company is expected to announce its next earnings report 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 fiscal year, with EPS estimates ranging from $3.60 to $3.81. For the next fiscal year, analysts anticipate that the company will post earnings of $3.51 per share, with EPS estimates ranging from $3.35 to $3.64. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that cover TriNet Group.
TriNet Group (NYSE:TNET) last announced its earnings results on Monday, July 27th. The business services provider reported $2.03 earnings per share for the quarter, beating the consensus estimate of $0.99 by $1.04. The firm had revenue of $335.00 million for the quarter, compared to the consensus estimate of $268.46 million. TriNet Group had a return on equity of 60.66% and a net margin of 8.03%. The firm’s revenue for the quarter was up 45.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.70 EPS.
A number of analysts have recently commented on the company. Credit Suisse Group boosted their price objective on TriNet Group from $44.00 to $54.00 and gave the stock a “neutral” rating in a research note on Tuesday. Stifel Nicolaus lifted their price target on TriNet Group from $66.00 to $79.00 and gave the company a “buy” rating in a report on Tuesday. Finally, Zacks Investment Research upgraded TriNet Group from a “strong sell” rating to a “hold” rating in a report on Saturday, June 27th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $65.75.
In other TriNet Group news, Director Katherine August-Dewilde sold 59,747 shares of the business’s stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $67.40, for a total value of $4,026,947.80. Following the completion of the sale, the director now owns 5,773 shares of the company’s stock, valued at $389,100.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Burton M. Goldfield sold 4,500 shares of the business’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $43.15, for a total value of $194,175.00. Following the completion of the sale, the chief executive officer now directly owns 160,621 shares of the company’s stock, valued at approximately $6,930,796.15. The disclosure for this sale can be found here. Insiders sold 239,111 shares of company stock worth $14,444,013 in the last 90 days. Corporate insiders own 39.70% of the company’s stock.
Large investors have recently made changes to their positions in the business. ArrowMark Colorado Holdings LLC lifted its position in shares of TriNet Group by 28.5% during the 1st quarter. ArrowMark Colorado Holdings LLC now owns 5,156,325 shares of the business services provider’s stock worth $194,187,000 after purchasing an additional 1,144,336 shares during the last quarter. Norges Bank acquired a new position in shares of TriNet Group during the 4th quarter worth about $38,282,000. Harbor Spring Capital LLC lifted its position in shares of TriNet Group by 83.2% during 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 during the last quarter. Wellington Management Group LLP lifted its position 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. Finally, Russell Investments Group Ltd. lifted its position in shares of TriNet Group by 987.0% during the 1st quarter. Russell Investments Group Ltd. now owns 213,165 shares of the business services provider’s stock worth $8,051,000 after purchasing an additional 193,554 shares during the last quarter. 92.78% of the stock is owned by institutional investors.
Shares of TriNet Group stock opened at $66.00 on Friday. The business’s fifty day moving average price is $60.01 and its two-hundred day moving average price is $52.58. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.23 and a quick ratio of 1.18. The company has a market capitalization of $4.56 billion, a P/E ratio of 14.22 and a beta of 1.91. TriNet Group has a 1-year low of $27.79 and a 1-year high of $75.32.
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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