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

TriNet Group, Inc. (NYSE:TNET) declared a quarterly dividend on Wednesday, June 17th. Stockholders of record on Wednesday, July 1st will be given 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 2.3%. The ex-dividend date is Wednesday, July 1st.

TriNet Group has a payout ratio of 23.8% meaning its dividend is sufficiently covered by earnings. Equities 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 Stock Performance

NYSE:TNET opened at $49.82 on Monday. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 10.80. The firm has a 50-day moving average price of $43.77 and a two-hundred day moving average price of $46.96. TriNet Group has a twelve month low of $33.60 and a twelve month high of $76.09. The company has a market capitalization of $2.29 billion, a P/E ratio of 14.87 and a beta of 1.01.

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. TD Cowen upped their target price on TriNet Group from $46.00 to $49.00 and gave the company a “hold” rating in a research note on Friday. JPMorgan Chase & Co. increased their target price on TriNet Group from $43.00 to $45.00 and gave the company an “underweight” rating in a report on Friday, May 1st. UBS Group cut their price target on TriNet Group from $62.00 to $48.00 and set a “neutral” rating for the company in a report on Tuesday, May 5th. Weiss Ratings raised TriNet Group from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday, May 4th. Finally, Zacks Research upgraded TriNet Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 12th. One investment analyst has rated the stock with a Strong Buy rating, one has given 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 presently has an average rating of “Hold” and a consensus price target of $55.80.

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.