Zacks: Analysts Expect TriNet Group, Inc. (NYSE:TNET) Will Announce Earnings of $2.05 Per Share

Brokerages expect TriNet Group, Inc. (NYSE:TNET – Get Rating) to report $2.05 earnings per share (EPS) for the current quarter, according to Zacks. Three analysts have provided estimates for TriNet Group’s earnings. The lowest EPS estimate is $1.97 and the highest is $2.12. TriNet Group posted earnings of $1.66 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 23.5%. The business is expected to issue its next earnings report after the market closes on Monday, January 1st.

According to Zacks, analysts expect that TriNet Group will report full-year earnings of $4.93 per share for the current fiscal year, with EPS estimates ranging from $4.84 to $5.00. For the next fiscal year, analysts expect that the firm will post earnings of $5.62 per share, with EPS estimates ranging from $5.51 to $5.79. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that follow TriNet Group.

TriNet Group (NYSE:TNET – Get Rating) last issued its quarterly earnings data on Monday, February 14th. The business services provider reported $0.97 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.57. The firm had revenue of $293.00 million during the quarter, compared to analysts’ expectations of $244.11 million. TriNet Group had a net margin of 7.44% and a return on equity of 43.60%. During the same period in the prior year, the company posted $0.30 earnings per share.

A number of brokerages recently issued reports on TNET. StockNews.com cut shares of TriNet Group from a “strong-buy” rating to a “buy” rating in a report on Thursday, April 14th. Zacks Investment Research cut shares of TriNet Group from a “hold” rating to a “sell” rating in a report on Friday, February 18th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, TriNet Group presently has an average rating of “Hold” and a consensus price target of $92.98.

In other news, Director H Raymond Bingham sold 415 shares of the company’s stock in a transaction dated Wednesday, April 6th. The shares were sold at an average price of $96.27, for a total transaction of $39,952.05. Following the completion of the transaction, the director now owns 4,675 shares of the company’s stock, valued at $450,062.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Martin Babinec sold 19,600 shares of the company’s stock in a transaction dated Friday, February 18th. The shares were sold at an average price of $87.52, for a total transaction of $1,715,392.00. The disclosure for this sale can be found here. Insiders have sold 51,817 shares of company stock valued at $4,556,765 over the last 90 days. Corporate insiders own 39.30% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Banque Cantonale Vaudoise raised its position in TriNet Group by 46.3% in the third quarter. Banque Cantonale Vaudoise now owns 616 shares of the business services provider’s stock worth $58,000 after purchasing an additional 195 shares in the last quarter. PrairieView Partners LLC acquired a new position in TriNet Group in the fourth quarter worth about $59,000. Nisa Investment Advisors LLC raised its position in TriNet Group by 72.7% in the fourth quarter. Nisa Investment Advisors LLC now owns 950 shares of the business services provider’s stock worth $81,000 after purchasing an additional 400 shares in the last quarter. Van ECK Associates Corp acquired a new position in TriNet Group in the fourth quarter worth about $88,000. Finally, Advisor Group Holdings Inc. raised its position in TriNet Group by 18.8% in the third quarter. Advisor Group Holdings Inc. now owns 988 shares of the business services provider’s stock worth $93,000 after purchasing an additional 156 shares in the last quarter. 88.52% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE:TNET opened at $98.57 on Thursday. The stock has a market capitalization of $6.14 billion, a PE ratio of 19.44 and a beta of 1.29. TriNet Group has a 1 year low of $69.43 and a 1 year high of $109.40. The firm has a fifty day moving average price of $91.34 and a 200 day moving average price of $94.33. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.56.

TriNet Group Company Profile (Get Rating)

TriNet Group, Inc provides human resources (HR) solutions, payroll services, employee benefits, and employment risk mitigation services for small and midsize 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.

Recommended Stories