TriNet Group (TNET) Expected to Announce Quarterly Earnings on Thursday

TriNet Group (NYSE:TNET) is projected to announce its earnings results 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. Persons interested in listening to the company’s earnings conference call can do so using this link.

TriNet Group Trading Up 6.8 %

TNET opened at $94.03 on Tuesday. The business has a fifty day moving average price of $91.97 and a 200 day moving average price of $94.27. The company has a debt-to-equity ratio of 7.70, a current ratio of 1.07 and a quick ratio of 1.07. TriNet Group has a 12 month low of $74.32 and a 12 month high of $134.67. The stock has a market capitalization of $4.66 billion, a price-to-earnings ratio of 18.12 and a beta of 1.21.

TriNet Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, January 27th. Investors of record on Thursday, January 2nd were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, January 2nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.06%. TriNet Group’s payout ratio is 19.27%.

Wall Street Analyst Weigh In

TNET has been the subject of several research analyst reports. JPMorgan Chase & Co. restated an “underweight” rating and issued a $103.00 target price on shares of TriNet Group in a report on Tuesday, October 22nd. TD Cowen upped their price objective on shares of TriNet Group from $92.00 to $104.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Finally, Needham & Company LLC lowered shares of TriNet Group from a “buy” rating to a “hold” rating and set a $140.00 target price on the stock. in a research report on Monday, October 28th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, TriNet Group currently has a consensus rating of “Hold” and an average target price of $117.00.

Insider Buying and Selling at TriNet Group

In other news, CTO Jeffery Jon Hayward sold 7,784 shares of the firm’s stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $89.57, for a total transaction of $697,212.88. Following the completion of 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Over the last three months, insiders sold 11,942 shares of company stock valued at $1,083,506. Corporate insiders own 37.10% of the company’s stock.

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.