NYSE:TNET

TriNet Group (TNET) Stock Price, News & Analysis

$112.13
-14.65 (-11.56%)
(As of 11:16 AM ET)
Today's Range
$108.40
$114.37
50-Day Range
$123.20
$133.56
52-Week Range
$79.00
$134.67
Volume
249,756 shs
Average Volume
222,780 shs
Market Capitalization
$5.67 billion
P/E Ratio
17.28
Dividend Yield
0.89%
Price Target
$119.17

TriNet Group MarketRank™ Stock Analysis

Analyst Rating
Hold
2.43 Rating Score
Upside/​Downside
6.3% Upside
$119.17 Price Target
Short Interest
Bearish
2.40% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.68mentions of TriNet Group in the last 14 days
Based on 13 Articles This Week
Insider Trading
Selling Shares
$3.84 M Sold Last Quarter
Proj. Earnings Growth
8.64%
From $5.79 to $6.29 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.49 out of 5 stars

Business Services Sector

226th out of 310 stocks

Business Services, Not Elsewhere Classified Industry

68th out of 89 stocks

TNET stock logo

About TriNet Group Stock (NYSE:TNET)

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. It also provides technology platform, an online and mobile tool that allows users to store, view, and manager HR information and administer various HR transactions, such as payroll processing, tax administration and credits, employee onboarding and termination, employee performance, time and attendance, compensation reporting, expense management, and benefits enrollment and administration, as well as incorporated workforce analytics and allows professional employer organization clients to generate HR data, payroll, compensation, and other custom reports. The company serves clients in various industries, including technology, professional services, financial services, life sciences, and not-for-profit. It sells its solutions through its direct sales organization. TriNet Group, Inc. was incorporated in 1988 and is headquartered in Dublin, California.

TNET Stock Price History

TNET Stock News Headlines

TriNet: Q1 Earnings Snapshot
Red Alert: Your Money's Disappearance Act - Banks' Greed Unleashed!
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TriNet Announces First Quarter 2024 Results
TriNet Group (TNET) Set to Announce Earnings on Friday
Red Alert: Your Money's Disappearance Act - Banks' Greed Unleashed!
Get your free information kit NOW, before it’s too late. Inside you’ll get the 3 secret strategies you can put in place starting today, so “they” don’t get your money tomorrow.
TriNet: Potential Revenue Growth Inflection In 2024
TriNet Group Inc
TNET Jun 2024 140.000 call
TriNet Ranked #1 in Newsweek's Excellence 1000 Index 2024
TriNet Group Full Year 2023 Earnings: Beats Expectations
See More Headlines
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Company Calendar

Last Earnings
2/15/2024
Ex-Dividend for 4/22 Dividend
3/28/2024
Dividend Payable
4/22/2024
Today
4/26/2024
Next Earnings (Confirmed)
4/26/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Business services, not elsewhere classified
Sub-Industry
N/A
Employees
3,600
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$119.17
High Stock Price Target
$150.00
Low Stock Price Target
$87.00
Potential Upside/Downside
-6.0%
Consensus Rating
Hold
Rating Score (0-4)
2.43
Research Coverage
7 Analysts

Profitability

Net Income
$375 million
Pretax Margin
10.18%

Debt

Sales & Book Value

Annual Sales
$4.92 billion
Cash Flow
$10.32 per share
Book Value
$1.54 per share

Miscellaneous

Free Float
31,810,000
Market Cap
$6.41 billion
Optionable
Optionable
Beta
1.09
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TNET Stock Analysis - Frequently Asked Questions

Should I buy or sell TriNet Group stock right now?

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for TriNet Group in the last twelve months. There are currently 1 sell rating, 2 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" TNET shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in TNET, but not buy additional shares or sell existing shares.
View TNET analyst ratings
or view top-rated stocks.

What is TriNet Group's stock price target for 2024?

7 brokerages have issued 12 month target prices for TriNet Group's stock. Their TNET share price targets range from $87.00 to $150.00. On average, they predict the company's share price to reach $119.17 in the next year. This suggests a possible upside of 6.3% from the stock's current price.
View analysts price targets for TNET
or view top-rated stocks among Wall Street analysts.

How have TNET shares performed in 2024?

TriNet Group's stock was trading at $118.93 on January 1st, 2024. Since then, TNET stock has decreased by 5.7% and is now trading at $112.13.
View the best growth stocks for 2024 here
.

Are investors shorting TriNet Group?

TriNet Group saw a increase in short interest during the month of April. As of April 15th, there was short interest totaling 1,180,000 shares, an increase of 21.6% from the March 31st total of 970,100 shares. Based on an average trading volume of 223,400 shares, the days-to-cover ratio is currently 5.3 days. Approximately 2.4% of the company's stock are sold short.
View TriNet Group's Short Interest
.

When is TriNet Group's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Friday, April 26th 2024.
View our TNET earnings forecast
.

How were TriNet Group's earnings last quarter?

TriNet Group, Inc. (NYSE:TNET) announced its quarterly earnings results on Thursday, February, 15th. The business services provider reported $1.41 EPS for the quarter, beating the consensus estimate of $0.95 by $0.46. The business services provider had revenue of $326 million for the quarter, compared to the consensus estimate of $300.36 million. TriNet Group had a trailing twelve-month return on equity of 87.97% and a net margin of 7.62%.

How often does TriNet Group pay dividends? What is the dividend yield for TriNet Group?

TriNet Group announced a quarterly dividend on Thursday, February 15th. Shareholders of record on Monday, April 1st will be paid a dividend of $0.25 per share on Monday, April 22nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date of this dividend is Thursday, March 28th.
Read our dividend analysis for TNET
.

Is TriNet Group a good dividend stock?

TriNet Group (NYSE:TNET) pays an annual dividend of $1.00 per share and currently has a dividend yield of 0.78%. The dividend payout ratio is 15.41%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TNET will have a dividend payout ratio of 15.90% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for TNET.

What guidance has TriNet Group issued on next quarter's earnings?

TriNet Group updated its second quarter 2024 earnings guidance on Friday, April, 26th. The company provided EPS guidance of 1.000-1.500 for the period, compared to the consensus estimate of 1.570. The company issued revenue guidance of $1.2 billion-$1.2 billion, compared to the consensus revenue estimate of $1.2 billion.

What is Burton M. Goldfield's approval rating as TriNet Group's CEO?

429 employees have rated TriNet Group Chief Executive Officer Burton M. Goldfield on Glassdoor.com. Burton M. Goldfield has an approval rating of 80% among the company's employees.

What other stocks do shareholders of TriNet Group own?

Based on aggregate information from My MarketBeat watchlists, some companies that other TriNet Group investors own include NVIDIA (NVDA), Home Depot (HD), Tesla (TSLA), Advanced Micro Devices (AMD), Walt Disney (DIS), Micron Technology (MU), Netflix (NFLX), Block (SQ), Verizon Communications (VZ) and Applied Materials (AMAT).

Who are TriNet Group's major shareholders?

TriNet Group's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Reinhart Partners LLC. (0.41%), Summit Trail Advisors LLC (0.28%), Cookson Peirce & Co. Inc. (0.13%), Congress Asset Management Co. MA (0.12%), Allspring Global Investments Holdings LLC (0.05%) and Ausbil Investment Management Ltd (0.01%). Insiders that own company stock include Alexander G Warren, Burton M Goldfield, H Raymond Bingham, Jonathan D Lee, Kelly L Tuminelli, LP Agi-T, Martin Babinec, Olivier Kohler, Paul Edward Chamberlain, Ralph A Clark, Samantha Wellington, Stephen Davis and Wayne B Lowell.
View institutional ownership trends
.

How do I buy shares of TriNet Group?

Shares of TNET stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:TNET) was last updated on 4/26/2024 by MarketBeat.com Staff

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