TriNet Group (TNET) Projected to Post Quarterly Earnings on Friday

TriNet Group (NYSE:TNET) is anticipated to announce its earnings results before the market opens on Friday, April 25th. Analysts expect the company to announce earnings of $1.67 per share and revenue of $319.36 million for the quarter. TriNet Group has set its FY 2025 guidance at 3.250-4.750 EPS.Investors that are interested in registering for the company’s conference call can do so using this link.

TriNet Group (NYSE:TNET) last issued its quarterly earnings results on Thursday, February 13th. The business services provider reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.02. TriNet Group had a return on equity of 200.82% and a net margin of 3.46%. The company had revenue of $252.00 million for the quarter, compared to the consensus estimate of $225.72 million. On average, analysts expect TriNet Group to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

TriNet Group Price Performance

NYSE TNET opened at $75.95 on Friday. The stock has a 50-day simple moving average of $76.37 and a 200 day simple moving average of $86.78. TriNet Group has a twelve month low of $65.43 and a twelve month high of $131.26. The stock has a market capitalization of $3.68 billion, a PE ratio of 22.21 and a beta of 1.06. The company has a debt-to-equity ratio of 13.16, a quick ratio of 1.07 and a current ratio of 1.07.

TriNet Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 28th. Shareholders of record on Tuesday, April 1st will be given a $0.275 dividend. This is an increase from TriNet Group’s previous quarterly dividend of $0.25. This represents a $1.10 annualized dividend and a yield of 1.45%. The ex-dividend date is Tuesday, April 1st. TriNet Group’s payout ratio is currently 32.16%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Needham & Company LLC reaffirmed a “hold” rating on shares of TriNet Group in a research report on Thursday, March 13th. TD Cowen downgraded shares of TriNet Group from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $104.00 to $74.00 in a report on Tuesday, February 18th.

Insider Activity

In other news, CTO Jeffery Jon Hayward sold 1,364 shares of TriNet Group stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $69.36, for a total transaction of $94,607.04. Following the sale, the chief technology officer now directly owns 19,867 shares in the company, valued at approximately $1,377,975.12. The trade was a 6.42 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Paul Edward Chamberlain sold 600 shares of the stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $69.36, for a total transaction of $41,616.00. Following the completion of the transaction, the director now directly owns 36,991 shares of the company’s stock, valued at $2,565,695.76. This trade represents a 1.60 % decrease in their position. The disclosure for this sale can be found here. 37.10% of the stock is currently owned by company insiders.

TriNet Group Company Profile

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.