TriNet Group (NYSE:TNET) Announces Quarterly Earnings Results

TriNet Group (NYSE:TNET) released its earnings results on Thursday. The business services provider reported $0.27 EPS for the quarter, beating the consensus estimate of $0.25 by $0.02, Zacks reports. TriNet Group had a net margin of 5.29% and a return on equity of 248.94%. The firm had revenue of $252.00 million for the quarter, compared to analyst estimates of $225.72 million. TriNet Group updated its FY 2025 guidance to 3.250-4.750 EPS.

TriNet Group Trading Down 1.4 %

NYSE:TNET traded down $1.14 during mid-day trading on Friday, hitting $77.35. 666,946 shares of the company’s stock were exchanged, compared to its average volume of 231,172. The company has a 50 day simple moving average of $91.60 and a 200-day simple moving average of $93.91. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 7.70. TriNet Group has a fifty-two week low of $74.32 and a fifty-two week high of $134.67. The firm has a market capitalization of $3.84 billion, a P/E ratio of 14.90 and a beta of 1.21.

TriNet Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, January 27th. Investors of record on Thursday, January 2nd were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, January 2nd. This represents a $1.00 annualized dividend and a yield of 1.29%. TriNet Group’s dividend payout ratio is presently 19.27%.

Analyst Ratings Changes

TNET has been the topic of a number of research analyst reports. TD Cowen raised their price target on shares of TriNet Group from $92.00 to $104.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. JPMorgan Chase & Co. restated an “underweight” rating and issued a $103.00 price target on shares of TriNet Group in a research note on Tuesday, October 22nd. Finally, Needham & Company LLC restated a “hold” rating on shares of TriNet Group in a research note on Friday. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $117.00.

Insider Buying and Selling

In related news, CTO Jeffery Jon Hayward sold 7,784 shares of TriNet Group stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $89.57, for a total transaction of $697,212.88. Following the sale, the chief technology officer now directly owns 21,769 shares in the company, valued at $1,949,849.33. This trade represents a 26.34 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold a total of 11,942 shares of company stock worth $1,083,506 in the last ninety days. Company insiders own 37.10% of the company’s stock.

TriNet Group Company Profile

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.