Analysts Expect TriNet Group, Inc. (NYSE:TNET) Will Post Quarterly Sales of $348.78 Million

Brokerages predict that TriNet Group, Inc. (NYSE:TNET – Get Rating) will announce sales of $348.78 million for the current quarter, Zacks reports. Three analysts have issued estimates for TriNet Group’s earnings, with the highest sales estimate coming in at $358.19 million and the lowest estimate coming in at $343.20 million. TriNet Group posted sales of $309.00 million in the same quarter last year, which would indicate a positive year over year growth rate of 12.9%. The business is expected to report its next quarterly earnings results after the market closes on Monday, January 1st.

On average, analysts expect that TriNet Group will report full year sales of $1.17 billion for the current fiscal year, with estimates ranging from $1.17 billion to $1.19 billion. For the next fiscal year, analysts forecast that the firm will report sales of $1.27 billion, with estimates ranging from $1.25 billion to $1.29 billion. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for TriNet Group.

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

Several equities analysts recently issued reports on the company. Zacks Investment Research cut TriNet Group from a “hold” rating to a “sell” rating in a report on Friday, February 18th. StockNews.com lowered TriNet Group from a “strong-buy” rating to a “buy” rating in a research note on Thursday, April 14th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $92.98.

TriNet Group stock opened at $93.25 on Friday. The business’s 50-day simple moving average is $91.77 and its 200 day simple moving average is $94.28. The stock has a market cap of $5.81 billion, a price-to-earnings ratio of 18.39 and a beta of 1.29. TriNet Group has a 12-month low of $69.43 and a 12-month high of $109.40. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.56.

In related news, Director Martin Babinec sold 19,600 shares of TriNet Group stock in a transaction that occurred on Friday, February 18th. The stock was sold at an average price of $87.52, for a total value of $1,715,392.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director H Raymond Bingham sold 415 shares of the firm’s stock in a transaction that occurred on Wednesday, April 20th. The shares were sold at an average price of $98.48, for a total value of $40,869.20. Following the completion of the transaction, the director now owns 71,163 shares of the company’s stock, valued at $7,008,132.24. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 52,232 shares of company stock worth $4,597,634. 39.30% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Banque Cantonale Vaudoise boosted its stake in TriNet Group by 46.3% in the 3rd quarter. Banque Cantonale Vaudoise now owns 616 shares of the business services provider’s stock valued at $58,000 after purchasing an additional 195 shares during the period. PrairieView Partners LLC bought a new stake in TriNet Group in the 4th quarter valued at $59,000. Van ECK Associates Corp bought a new stake in TriNet Group in the 4th quarter valued at $88,000. Nisa Investment Advisors LLC boosted its stake in TriNet Group by 72.7% in the 4th quarter. Nisa Investment Advisors LLC now owns 950 shares of the business services provider’s stock valued at $81,000 after purchasing an additional 400 shares during the period. Finally, Advisor Group Holdings Inc. boosted its stake in TriNet Group by 18.8% in the 3rd quarter. Advisor Group Holdings Inc. now owns 988 shares of the business services provider’s stock valued at $93,000 after purchasing an additional 156 shares during the period. Institutional investors and hedge funds own 88.52% of the company’s stock.

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.

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