TriNet Group, Inc. (TNET) To Go Ex-Dividend on July 1st

TriNet Group, Inc. (NYSE:TNET) announced a quarterly dividend on Wednesday, June 17th. Stockholders of record on Wednesday, July 1st will be paid a dividend of 0.29 per share by the business services provider on Monday, July 27th. This represents a c) annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend is Wednesday, July 1st.

TriNet Group has a payout ratio of 23.8% meaning its dividend is sufficiently covered by earnings. Research analysts expect TriNet Group to earn $3.90 per share next year, which means the company should continue to be able to cover its $1.16 annual dividend with an expected future payout ratio of 29.7%.

TriNet Group Price Performance

Shares of TNET opened at $45.25 on Friday. The business has a 50-day moving average of $42.61 and a 200-day moving average of $47.42. The company has a debt-to-equity ratio of 10.80, a current ratio of 1.12 and a quick ratio of 1.12. The company has a market capitalization of $2.08 billion, a price-to-earnings ratio of 13.51 and a beta of 1.01. TriNet Group has a 1 year low of $33.60 and a 1 year high of $76.09.

TriNet Group (NYSE:TNET) last announced its earnings results on Thursday, April 30th. The business services provider reported $2.48 EPS for the quarter, beating the consensus estimate of $1.84 by $0.64. TriNet Group had a return on equity of 219.54% and a net margin of 3.22%.The business had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.08 billion. During the same period in the prior year, the business posted $1.99 earnings per share. The firm’s revenue was down 5.1% on a year-over-year basis. TriNet Group has set its FY 2026 guidance at 3.700-4.700 EPS. As a group, equities research analysts anticipate that TriNet Group will post 3.55 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Zacks Research raised shares of TriNet Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 12th. Weiss Ratings raised shares of TriNet Group from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday, May 4th. TD Cowen increased their price target on TriNet Group from $40.00 to $46.00 and gave the stock a “hold” rating in a report on Friday, May 1st. JPMorgan Chase & Co. lifted their price objective on TriNet Group from $43.00 to $45.00 and gave the stock an “underweight” rating in a research report on Friday, May 1st. Finally, UBS Group dropped their price objective on TriNet Group from $62.00 to $48.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 5th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $55.20.

TriNet Group Company Profile

TriNet Group, Inc is a leading professional employer organization (PEO) that offers integrated human capital management solutions to small and medium-size businesses. Through a bundled suite of services, TriNet manages payroll administration, employee benefits, workers’ compensation, risk mitigation and federal and state compliance. Its cloud-based platform provides clients with centralized access to HR tools, analytics and streamlined workforce management capabilities.

Founded in 1988 and headquartered in Dublin, California, TriNet has grown to support thousands of organizations across the United States.