Zacks: Brokerages Expect TriNet Group, Inc. (NYSE:TNET) to Announce $1.17 EPS

Wall Street analysts expect TriNet Group, Inc. (NYSE:TNETGet Rating) to report earnings of $1.17 per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for TriNet Group’s earnings, with the highest EPS estimate coming in at $1.21 and the lowest estimate coming in at $1.14. TriNet Group posted earnings of $1.56 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 25%. The business is scheduled to issue its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that TriNet Group will report full-year earnings of $5.19 per share for the current financial year, with EPS estimates ranging from $5.06 to $5.31. For the next year, analysts anticipate that the company will post earnings of $5.68 per share, with EPS estimates ranging from $5.48 to $6.07. Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that that provide coverage for TriNet Group.

TriNet Group (NYSE:TNETGet Rating) last announced its quarterly earnings results on Tuesday, April 26th. The business services provider reported $2.55 EPS for the quarter, topping the consensus estimate of $1.90 by $0.65. TriNet Group had a net margin of 8.15% and a return on equity of 50.20%. During the same period in the previous year, the company posted $1.52 EPS.

TNET has been the topic of several research reports. Zacks Investment Research downgraded TriNet Group from a “buy” rating to a “hold” rating in a report on Tuesday, May 3rd. StockNews.com upgraded shares of TriNet Group from a “buy” rating to a “strong-buy” rating in a report on Tuesday, May 24th. Three equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $91.48.

Shares of TriNet Group stock traded up $0.19 on Wednesday, reaching $78.73. The company had a trading volume of 413,289 shares, compared to its average volume of 497,778. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.17 and a quick ratio of 1.17. The firm’s 50-day moving average price is $88.55 and its two-hundred day moving average price is $90.61. The firm has a market cap of $4.90 billion, a price-to-earnings ratio of 13.64 and a beta of 1.29. TriNet Group has a 1 year low of $69.43 and a 1 year high of $109.40.

In related news, Director Martin Babinec sold 2,576 shares of the business’s stock in a transaction on Tuesday, May 24th. The shares were sold at an average price of $75.37, for a total value of $194,153.12. Following the completion of the sale, the director now owns 2,099 shares of the company’s stock, valued at approximately $158,201.63. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Ralph A. Clark acquired 600 shares of TriNet Group stock in a transaction on Friday, May 13th. The shares were bought at an average price of $80.16 per share, with a total value of $48,096.00. Following the completion of the transaction, the director now directly owns 5,934 shares of the company’s stock, valued at approximately $475,669.44. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 56,647 shares of company stock worth $5,038,743. 40.60% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Catalyst Capital Advisors LLC acquired a new stake in TriNet Group in the 1st quarter valued at about $38,000. Institutional Venture Management XIV LLC purchased a new position in TriNet Group during the first quarter worth approximately $50,000. PrairieView Partners LLC purchased a new position in TriNet Group during the fourth quarter worth approximately $59,000. Nisa Investment Advisors LLC boosted its stake in TriNet Group by 72.7% during the fourth quarter. Nisa Investment Advisors LLC now owns 950 shares of the business services provider’s stock worth $81,000 after buying an additional 400 shares during the last quarter. Finally, Van ECK Associates Corp purchased a new stake in TriNet Group in the 4th quarter valued at $88,000. Hedge funds and other institutional investors own 96.56% 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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