TriNet Group (NYSE:TNET – Get Rating) issued its earnings results on Tuesday. The business services provider reported $2.55 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.90 by $0.65, MarketWatch Earnings reports. TriNet Group had a net margin of 7.44% and a return on equity of 43.60%. During the same period in the previous year, the firm earned $1.52 earnings per share.
TNET traded up $2.66 during trading on Wednesday, reaching $93.77. 433 shares of the company were exchanged, compared to its average volume of 523,837. 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 has a 52 week low of $69.43 and a 52 week high of $109.40. The firm has a 50 day moving average of $92.09 and a 200 day moving average of $94.13. The stock has a market cap of $5.84 billion, a P/E ratio of 17.97 and a beta of 1.29.
In related news, CEO Burton M. Goldfield sold 4,167 shares of the company’s stock in a transaction on Tuesday, March 22nd. The stock was sold at an average price of $93.93, for a total transaction of $391,406.31. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Burton M. Goldfield sold 2,000 shares of the stock in a transaction that occurred on Thursday, February 17th. The stock was sold at an average price of $90.97, for a total transaction of $181,940.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 56,399 shares of company stock valued at $5,028,952. Insiders own 39.30% of the company’s stock.
A number of equities analysts have recently weighed in 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 cut shares of 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 issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $92.98.
About TriNet Group (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.
- Get a free copy of the StockNews.com research report on TriNet Group (TNET)
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