Brokerages Expect TriNet Group, Inc. (TNET) to Announce $0.20 EPS
Analysts expect that TriNet Group, Inc. (NYSE:TNET) will post earnings per share of $0.20 for the current quarter, Zacks reports. Four analysts have provided estimates for TriNet Group’s earnings, with the lowest EPS estimate coming in at $0.20 and the highest estimate coming in at $0.21. TriNet Group posted earnings of $0.23 per share during the same quarter last year, which would suggest a negative year over year growth rate of 13%. The firm is expected to issue its next earnings report on Tuesday, November 7th.
According to Zacks, analysts expect that TriNet Group will report full-year earnings of $1.27 per share for the current fiscal year, with EPS estimates ranging from $1.24 to $1.29. For the next financial year, analysts forecast that the firm will report earnings of $1.51 per share. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research analysts that follow TriNet Group.
TriNet Group (NYSE:TNET) last announced its quarterly earnings results on Monday, July 31st. The business services provider reported $0.45 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.27 by $0.18. TriNet Group had a return on equity of 201.15% and a net margin of 3.33%. The business had revenue of $201.01 million for the quarter, compared to analyst estimates of $168.27 million. During the same quarter in the prior year, the company posted $0.27 EPS. The company’s quarterly revenue was up 7.3% on a year-over-year basis.
TNET has been the subject of a number of recent analyst reports. Stifel Nicolaus reaffirmed a “buy” rating on shares of TriNet Group in a research report on Friday, April 14th. Deutsche Bank AG downgraded TriNet Group from a “buy” rating to a “hold” rating and set a $30.00 price objective for the company. in a research report on Wednesday, April 19th. Zacks Investment Research downgraded TriNet Group from a “buy” rating to a “hold” rating in a research report on Wednesday, May 3rd. Finally, BidaskClub raised TriNet Group from a “hold” rating to a “buy” rating in a research report on Thursday, June 15th. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $36.25.
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TriNet Group (NYSE:TNET) traded down 2.57% during trading on Thursday, reaching $37.19. The company had a trading volume of 251,664 shares. The firm’s 50 day moving average is $34.45 and its 200-day moving average is $30.22. TriNet Group has a 12 month low of $17.78 and a 12 month high of $41.58. The company has a market capitalization of $2.58 billion, a P/E ratio of 24.99 and a beta of 2.94.
In other TriNet Group news, Director H Raymond Bingham sold 5,000 shares of the business’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $39.53, for a total transaction of $197,650.00. Following the completion of the sale, the director now owns 5,000 shares of the company’s stock, valued at $197,650. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Wayne B. Lowell sold 20,000 shares of the business’s stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $39.15, for a total value of $783,000.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 251,149 shares of company stock valued at $8,322,885. 42.40% of the stock is owned by company insiders.
A number of large investors have recently bought and sold shares of the stock. Ameritas Investment Partners Inc. purchased a new stake in TriNet Group during the first quarter worth about $105,000. Envestnet Asset Management Inc. boosted its position in shares of TriNet Group by 13.3% in the first quarter. Envestnet Asset Management Inc. now owns 4,101 shares of the business services provider’s stock worth $119,000 after buying an additional 483 shares in the last quarter. Victory Capital Management Inc. boosted its position in shares of TriNet Group by 18.6% in the first quarter. Victory Capital Management Inc. now owns 4,604 shares of the business services provider’s stock worth $133,000 after buying an additional 723 shares in the last quarter. Meeder Asset Management Inc. bought a new position in shares of TriNet Group during the first quarter worth approximately $153,000. Finally, BNP Paribas Arbitrage SA boosted its position in shares of TriNet Group by 596.6% in the second quarter. BNP Paribas Arbitrage SA now owns 5,705 shares of the business services provider’s stock worth $187,000 after buying an additional 4,886 shares in the last quarter. 52.96% of the stock is owned by hedge funds and other institutional investors.
TriNet Group Company Profile
TriNet Group, Inc is a provider of human resources (HR) solutions for small to medium-sized businesses (SMBs). The Company’s HR solutions include services, such as 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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