TriNet Group (TNET) Earns News Sentiment Rating of 0.14
News coverage about TriNet Group (NYSE:TNET) has trended somewhat positive on Monday, Accern Sentiment Analysis reports. Accern identifies positive and negative press coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. TriNet Group earned a daily sentiment score of 0.14 on Accern’s scale. Accern also assigned media coverage about the business services provider an impact score of 45.4710009704212 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Several research analysts have recently commented on TNET shares. BidaskClub lowered shares of TriNet Group from a “buy” rating to a “hold” rating in a research note on Wednesday, October 25th. Zacks Investment Research downgraded shares of TriNet Group from a “hold” rating to a “sell” rating in a report on Wednesday, October 4th. Finally, Morgan Stanley upped their price objective on shares of TriNet Group from $31.00 to $32.00 and gave the stock an “underweight” rating in a report on Friday, November 3rd. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. TriNet Group currently has an average rating of “Hold” and a consensus price target of $38.00.
TriNet Group (NYSE:TNET) traded up $0.41 during midday trading on Monday, hitting $42.07. 280,400 shares of the company traded hands, compared to its average volume of 315,133. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 3.00. The company has a market cap of $2,923.25, a P/E ratio of 22.26 and a beta of 3.01. TriNet Group has a fifty-two week low of $24.09 and a fifty-two week high of $45.25.
TriNet Group (NYSE:TNET) last posted its quarterly earnings data on Thursday, November 2nd. The business services provider reported $0.56 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.30. The business had revenue of $205.90 million during the quarter, compared to the consensus estimate of $174.89 million. TriNet Group had a net margin of 4.15% and a return on equity of 156.96%. TriNet Group’s quarterly revenue was up 27.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.29 EPS. sell-side analysts anticipate that TriNet Group will post 1.77 earnings per share for the current fiscal year.
In other TriNet Group news, Director Martin Babinec sold 36,500 shares of the stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $41.17, for a total value of $1,502,705.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Brady Mickelsen sold 4,744 shares of the stock in a transaction on Friday, November 17th. The shares were sold at an average price of $42.73, for a total transaction of $202,711.12. Following the completion of the sale, the senior vice president now directly owns 29,392 shares of the company’s stock, valued at $1,255,920.16. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 178,663 shares of company stock valued at $7,514,092. 41.80% of the stock is owned by insiders.
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About TriNet Group
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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