Wall Street analysts expect that TriNet Group Inc (NYSE:TNET) will announce $213.30 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for TriNet Group’s earnings, with the lowest sales estimate coming in at $212.20 million and the highest estimate coming in at $214.30 million. TriNet Group posted sales of $204.00 million during the same quarter last year, which suggests a positive year-over-year growth rate of 4.6%. The company is scheduled to report its next quarterly earnings results on Tuesday, February 26th.
According to Zacks, analysts expect that TriNet Group will report full-year sales of $881.30 million for the current financial year, with estimates ranging from $880.20 million to $882.30 million. For the next year, analysts forecast that the business will report sales of $937.68 million, with estimates ranging from $927.10 million to $943.83 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that follow TriNet Group.
TriNet Group (NYSE:TNET) last released its earnings results on Monday, October 29th. The business services provider reported $0.75 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.20. The firm had revenue of $228.00 million during the quarter, compared to analysts’ expectations of $202.65 million. TriNet Group had a net margin of 6.67% and a return on equity of 63.58%. The business’s quarterly revenue was up 11.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.56 EPS.
In other news, CEO Burton M. Goldfield sold 6,762 shares of the stock in a transaction on Friday, September 14th. The shares were sold at an average price of $54.24, for a total value of $366,770.88. Following the completion of the transaction, the chief executive officer now owns 207,228 shares in the company, valued at approximately $11,240,046.72. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Martin Babinec sold 30,000 shares of the stock in a transaction on Friday, October 5th. The shares were sold at an average price of $53.67, for a total transaction of $1,610,100.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 144,493 shares of company stock valued at $7,287,928. Corporate insiders own 38.90% of the company’s stock.
Several hedge funds have recently made changes to their positions in the company. Tower Research Capital LLC TRC bought a new stake in shares of TriNet Group in the 3rd quarter worth about $106,000. Itau Unibanco Holding S.A. bought a new stake in shares of TriNet Group in the 2nd quarter worth about $132,000. Fox Run Management L.L.C. bought a new stake in shares of TriNet Group in the 3rd quarter worth about $239,000. Raymond James & Associates bought a new stake in shares of TriNet Group in the 2nd quarter worth about $246,000. Finally, Capital Fund Management S.A. bought a new stake in shares of TriNet Group in the 3rd quarter worth about $282,000. Institutional investors own 84.92% of the company’s stock.
NYSE:TNET opened at $43.41 on Friday. The firm has a market cap of $3.10 billion, a P/E ratio of 25.24 and a beta of 2.40. TriNet Group has a one year low of $38.26 and a one year high of $60.15. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.13.
TriNet Group Company Profile
TriNet Group, Inc provides human resources solutions for small and midsize businesses in the United States and Canada. 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 benefit law compliance; and other services.
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