TriNet Group (TNET) to Release Quarterly Earnings on Thursday

TriNet Group (NYSE:TNET) is anticipated to announce its quarterly 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. Investors that wish to register for the company’s conference call can do so using this link.

TriNet Group Stock Down 2.1 %

TNET opened at $91.94 on Wednesday. The business’s fifty day simple moving average is $91.96 and its 200 day simple moving average is $94.17. TriNet Group has a 52 week low of $74.32 and a 52 week high of $134.67. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 7.70. The stock has a market cap of $4.56 billion, a PE ratio of 17.72 and a beta of 1.21.

TriNet Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 27th. Stockholders of record on Thursday, January 2nd were given a dividend of $0.25 per share. The ex-dividend date was Thursday, January 2nd. This represents a $1.00 annualized dividend and a dividend yield of 1.09%. TriNet Group’s dividend payout ratio (DPR) is presently 19.27%.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at TriNet Group

In related news, CTO Jeffery Jon Hayward sold 1,813 shares of the firm’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $92.74, for a total value of $168,137.62. Following the sale, the chief technology officer now directly owns 36,951 shares of the company’s stock, valued at $3,426,835.74. This trade represents a 4.68 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Over the last 90 days, insiders sold 11,942 shares of company stock worth $1,083,506. 37.10% of the stock is currently owned by insiders.

About TriNet Group

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.