TriNet Group (TNET) Expected to Announce Quarterly Earnings on Thursday

TriNet Group (NYSE:TNET) is expected to announce its 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. Individual interested in registering for the company’s earnings conference call can do so using this link.

TriNet Group Stock Performance

NYSE:TNET opened at $94.03 on Tuesday. The firm’s fifty day simple moving average is $91.97 and its 200 day simple moving average is $94.27. 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 twelve month low of $74.32 and a twelve month high of $134.67. The firm has a market capitalization of $4.66 billion, a price-to-earnings ratio of 18.12 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. Stockholders of record on Thursday, January 2nd were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date was Thursday, January 2nd. TriNet Group’s payout ratio is 19.27%.

Insiders Place Their Bets

In other TriNet Group news, CTO Jeffery Jon Hayward sold 2,345 shares of the company’s stock in a transaction on Friday, November 29th. The stock was sold at an average price of $93.03, for a total value of $218,155.35. Following the transaction, the chief technology officer now owns 34,606 shares of the company’s stock, valued at approximately $3,219,396.18. This represents a 6.35 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last 90 days, insiders sold 11,942 shares of company stock worth $1,083,506. Insiders own 37.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Needham & Company LLC downgraded shares of TriNet Group from a “buy” rating to a “hold” rating and set a $140.00 price target for the company. in a research report on Monday, October 28th. TD Cowen boosted 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. Finally, JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $103.00 price target on shares of TriNet Group in a research report on Tuesday, October 22nd. One 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 company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $117.00.

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.