TriNet Group (NYSE:TNET – Get Rating) is scheduled to be announcing its quarterly earnings data after the market closes on Tuesday, July 26th. Analysts expect the company to announce earnings of $1.17 per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.
TriNet Group (NYSE:TNET – Get Rating) last issued its quarterly earnings results on Tuesday, April 26th. The business services provider reported $2.41 EPS for the quarter, topping analysts’ consensus estimates of $1.90 by $0.51. TriNet Group had a net margin of 8.15% and a return on equity of 50.20%. The company had revenue of $395.00 million for the quarter, compared to analyst estimates of $348.78 million. During the same quarter in the previous year, the business earned $1.52 earnings per share. On average, analysts expect TriNet Group to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.
TriNet Group Stock Performance
NYSE TNET opened at $77.78 on Tuesday. The company has a market capitalization of $4.84 billion, a price-to-earnings ratio of 13.48 and a beta of 1.24. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.71. TriNet Group has a twelve month low of $69.16 and a twelve month high of $109.40. The stock has a fifty day simple moving average of $77.21 and a 200 day simple moving average of $85.33.
Wall Street Analyst Weigh In
Separately, StockNews.com raised TriNet Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday, July 9th.
Insider Transactions at TriNet Group
In other TriNet Group news, Director H Raymond Bingham sold 415 shares of the stock in a transaction dated Wednesday, April 20th. The stock was sold at an average price of $98.48, for a total transaction of $40,869.20. Following the completion of the sale, the director now directly owns 71,163 shares in the company, valued at approximately $7,008,132.24. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other TriNet Group news, Director H Raymond Bingham sold 415 shares of the stock in a transaction that occurred on Wednesday, April 20th. The stock was sold at an average price of $98.48, for a total transaction of $40,869.20. Following the transaction, the director now directly owns 71,163 shares in the company, valued at approximately $7,008,132.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Ralph A. Clark acquired 600 shares of the stock in a transaction dated Friday, May 13th. The stock was bought at an average price of $80.16 per share, with a total value of $48,096.00. Following the purchase, the director now directly owns 5,934 shares in the company, valued at $475,669.44. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 36,951 shares of company stock worth $3,198,945. Company insiders own 40.60% of the company’s stock.
Hedge Funds Weigh In On TriNet Group
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Point72 Hong Kong Ltd lifted its holdings in shares of TriNet Group by 1,609.7% in the 1st quarter. Point72 Hong Kong Ltd now owns 1,761 shares of the business services provider’s stock worth $173,000 after purchasing an additional 1,658 shares in the last quarter. Quantamental Technologies LLC acquired a new position in TriNet Group during the first quarter worth $341,000. Guggenheim Capital LLC raised its holdings in TriNet Group by 42.7% during the first quarter. Guggenheim Capital LLC now owns 3,507 shares of the business services provider’s stock worth $345,000 after buying an additional 1,049 shares during the last quarter. Virtu Financial LLC bought a new position in shares of TriNet Group in the first quarter valued at $471,000. Finally, Raymond James & Associates grew its holdings in shares of TriNet Group by 13.5% during the first quarter. Raymond James & Associates now owns 5,307 shares of the business services provider’s stock valued at $522,000 after buying an additional 631 shares during the last quarter. Institutional investors own 96.56% of the company’s stock.
About TriNet Group
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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