TriNet Group (TNET) Earns Media Impact Rating of 0.14

Media stories about TriNet Group (NYSE:TNET) have been trending somewhat positive this week, Accern Sentiment Analysis reports. Accern identifies positive and negative news coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. TriNet Group earned a daily sentiment score of 0.14 on Accern’s scale. Accern also gave news coverage about the business services provider an impact score of 45.9928844396739 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

Shares of TriNet Group (NYSE TNET) traded down $0.07 on Tuesday, reaching $43.56. 274,473 shares of the company traded hands, compared to its average volume of 302,395. TriNet Group has a 12 month low of $23.91 and a 12 month high of $45.11. The company has a market capitalization of $3,060.83, a PE ratio of 26.70 and a beta of 3.02. The company has a debt-to-equity ratio of 3.00, a current ratio of 1.18 and a quick ratio of 1.18.

TriNet Group (NYSE:TNET) last announced its quarterly earnings results on Thursday, November 2nd. The business services provider reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.30. TriNet Group had a net margin of 4.15% and a return on equity of 156.96%. The company had revenue of $205.90 million for the quarter, compared to analysts’ expectations of $174.89 million. During the same quarter in the previous year, the business posted $0.29 earnings per share. TriNet Group’s quarterly revenue was up 27.9% on a year-over-year basis. analysts anticipate that TriNet Group will post 1.77 earnings per share for the current year.

TNET has been the topic of several research reports. J P Morgan Chase & Co cut shares of 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 research report on Thursday, August 17th. Morgan Stanley cut shares of TriNet Group from an “equal weight” rating to an “underweight” rating and boosted their price target for the stock from $27.00 to $31.00 in a research report on Tuesday, August 22nd. BidaskClub cut shares of TriNet Group from a “buy” rating to a “hold” rating in a research report on Thursday, September 14th. Finally, Zacks Investment Research cut shares of TriNet Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 21st. Two research analysts have rated the stock with a sell rating, one has issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $38.00.

In other TriNet Group news, SVP Brady Mickelsen sold 4,744 shares of TriNet Group stock in a transaction on Friday, November 17th. The shares were sold at an average price of $42.73, for a total transaction of $202,711.12. Following the completion of the transaction, the senior vice president now directly owns 29,392 shares of the company’s stock, valued at $1,255,920.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Burton M. Goldfield sold 4,492 shares of TriNet Group stock in a transaction on Tuesday, October 3rd. The stock was sold at an average price of $35.05, for a total transaction of $157,444.60. The disclosure for this sale can be found here. Insiders sold 168,040 shares of company stock worth $6,673,294 in the last 90 days. 41.80% of the stock is currently owned by company insiders.

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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.

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