$213.30 Million in Sales Expected for TriNet Group Inc (TNET) This Quarter

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.

TNET has been the subject of several research analyst reports. Stifel Nicolaus upped their target price on shares of TriNet Group from $64.00 to $66.00 and gave the company a “buy” rating in a research note on Tuesday, July 31st. Zacks Investment Research upgraded shares of TriNet Group from a “hold” rating to a “buy” rating and set a $61.00 target price for the company in a research note on Saturday, August 4th. Morgan Stanley upped their target price on shares of TriNet Group from $51.00 to $55.00 and gave the company a “hold” rating in a research note on Tuesday, July 31st. ValuEngine cut shares of TriNet Group from a “buy” rating to a “hold” rating in a research note on Thursday, November 1st. Finally, Credit Suisse Group set a $54.00 target price on shares of TriNet Group and gave the company a “hold” rating in a research note on Tuesday, October 30th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. TriNet Group currently has a consensus rating of “Hold” and a consensus target price of $59.00.

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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