TriNet Group (TNET) Projected to Post Earnings on Thursday

TriNet Group (NYSE:TNET) is anticipated to post its quarterly earnings results before the market opens on Thursday, February 13th. Analysts expect TriNet Group to post earnings of $0.25 per share and revenue of $225.28 million for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

TriNet Group Price Performance

Shares of TNET opened at $91.20 on Thursday. The company has a market capitalization of $4.52 billion, a P/E ratio of 17.57 and a beta of 1.21. The business’s 50-day moving average is $92.16 and its two-hundred day moving average is $94.66. The company has a debt-to-equity ratio of 7.70, a quick ratio of 1.07 and a current ratio of 1.07. TriNet Group has a fifty-two week low of $74.32 and a fifty-two week high of $134.67.

TriNet Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, January 27th. Stockholders of record on Thursday, January 2nd were paid a $0.25 dividend. The ex-dividend date of this dividend was Thursday, January 2nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.10%. TriNet Group’s payout ratio is 19.27%.

Analysts Set New Price Targets

Several research firms have commented on TNET. Needham & Company LLC lowered TriNet Group from a “buy” rating to a “hold” rating and set a $140.00 price objective on the stock. in a research report on Monday, October 28th. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $103.00 target price on shares of TriNet Group in a research note on Tuesday, October 22nd. Finally, TD Cowen lifted their price objective on shares of TriNet Group from $92.00 to $104.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, TriNet Group currently has a consensus rating of “Hold” and a consensus target price of $117.00.

Insider Transactions at TriNet Group

In related news, CTO Jeffery Jon Hayward sold 7,784 shares of the company’s stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $89.57, for a total transaction of $697,212.88. Following the completion of the transaction, the chief technology officer now owns 21,769 shares in the company, valued at $1,949,849.33. This represents a 26.34 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold a total of 11,942 shares of company stock valued at $1,083,506 in the last three months. 37.10% of the stock is currently owned by company insiders.

About TriNet Group

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.