TriNet Group, Inc. (TNET) Releases Earnings Results, Beats Estimates By $0.30 EPS

TriNet Group, Inc. (NYSE:TNET) posted its quarterly earnings results on Thursday. The business services provider reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.30, Bloomberg Earnings reports. TriNet Group had a return on equity of 201.15% and a net margin of 3.33%. The company had revenue of $205.90 million during the quarter, compared to analysts’ expectations of $174.89 million. During the same quarter in the previous year, the firm earned $0.29 EPS. TriNet Group’s revenue was up 27.9% on a year-over-year basis.

Shares of TriNet Group (TNET) traded up $6.97 on Friday, reaching $41.00. The company’s stock had a trading volume of 2,020,656 shares, compared to its average volume of 288,616. TriNet Group has a fifty-two week low of $19.66 and a fifty-two week high of $43.38. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 4.42. The firm has a market cap of $2.85 billion, a PE ratio of 25.66 and a beta of 2.88.

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In other news, CEO Burton M. Goldfield sold 2,694 shares of the stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $33.94, for a total value of $91,434.36. Following the completion of the sale, the chief executive officer now owns 31,225 shares of the company’s stock, valued at $1,059,776.50. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Burton M. Goldfield sold 4,292 shares of the stock in a transaction dated Friday, October 27th. The shares were sold at an average price of $35.05, for a total value of $150,434.60. Following the completion of the sale, the chief executive officer now directly owns 29,282 shares of the company’s stock, valued at approximately $1,026,334.10. The disclosure for this sale can be found here. In the last ninety days, insiders sold 332,983 shares of company stock valued at $12,205,957. Insiders own 42.40% of the company’s stock.

A number of equities analysts have recently commented on the company. BidaskClub cut TriNet Group from a “buy” rating to a “hold” rating in a report on Thursday, September 14th. J P Morgan Chase & Co cut TriNet Group from a “neutral” rating to an “underweight” rating and boosted their price target for the stock from $33.00 to $36.00 in a report on Thursday, August 17th. Zacks Investment Research cut TriNet Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 21st. Stifel Nicolaus reissued a “buy” rating and set a $44.00 price target (up previously from $37.00) on shares of TriNet Group in a report on Tuesday, August 1st. Finally, Morgan Stanley boosted their price target on TriNet Group from $31.00 to $32.00 and gave the stock an “underweight” rating in a report on Friday. Three investment analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $37.60.

About TriNet Group

TriNet Group, Inc is a provider of human resources (HR) solutions for small to medium-sized businesses (SMBs). The Company’s HR solutions include services, such as multi-state payroll processing and tax administration, employee benefits programs, including health insurance and retirement plans, workers’ compensation insurance and claims management, employment and benefit law compliance, and other services.

Earnings History for TriNet Group (NYSE:TNET)

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