Zacks: Analysts expect TriNet Group, Inc. (NYSE: TNET) to report earnings of $2.05 per share


Brokers expect TriNet Group, Inc. (NYSE:TNET – Get Rating) to report earnings per share (EPS) of $2.05 for the current quarter, according to Zacks. Three analysts provided earnings estimates for TriNet Group. The lowest EPS estimate is $1.97 and the highest is $2.12. TriNet Group reported earnings of $1.66 per share in the same quarter last year, suggesting a positive year-over-year growth rate of 23.5%. The company is expected to release its next earnings report after the market closes on Monday, January 1.

According to Zacks, analysts expect TriNet Group to report annual earnings of $4.93 per share for the current fiscal year, with EPS estimates ranging from $4.84 to $5.00. For the next fiscal year, analysts expect the company to post earnings of $5.62 per share, with EPS estimates ranging from $5.51 to $5.79. Zacks Investment Research earnings per share averages are an average average based on a survey of research analysts who track TriNet Group.

TriNet Group (NYSE:TNET – Get Rating) last released quarterly earnings data on Monday, February 14. The business services provider reported earnings per share (EPS) of $0.97 for the quarter, beating the Zacks consensus estimate of $0.40 by $0.57. The company posted revenue of $293.00 million in the quarter, compared to $244.11 million expected by analysts. TriNet Group achieved a net margin of 7.44% and a return on equity of 43.60%. In the same period a year earlier, the company posted earnings per share of $0.30.

A number of brokerages have recently released reports on TNET. StockNews.com upgraded shares of TriNet Group from a “strong buy” rating to a “buy” rating in a report on Thursday, April 14. Zacks Investment Research upgraded shares of TriNet Group from a “hold” rating to a “sell” rating in a Friday, February 18 report. One financial analyst assigned a sell rating to the stock, two assigned a hold rating and two assigned a buy rating to the company’s stock. According to data from MarketBeat, TriNet Group currently has an average rating of “Hold” and a consensus price target of $92.98.

Separately, director H Raymond Bingham sold 415 shares of the company in a trade dated Wednesday, April 6. The shares were sold at an average price of $96.27, for a total transaction of $39,952.05. Following the completion of the transaction, the director now owns 4,675 shares of the company, valued at $450,062.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, accessible via this link. Additionally, director Martin Babinec sold 19,600 shares of the company in a transaction dated Friday, February 18. The shares were sold at an average price of $87.52, for a total transaction of $1,715,392.00. The disclosure of this sale can be found here. Insiders sold 51,817 shares of the company valued at $4,556,765 in the past 90 days. Company insiders own 39.30% of the company’s shares.

Several institutional investors and hedge funds have recently changed their positions in the company. Banque Cantonale Vaudoise increased its position in TriNet Group by 46.3% in the third quarter. Banque Cantonale Vaudoise now owns 616 shares of the business services provider worth $58,000 after buying an additional 195 shares last quarter. PrairieView Partners LLC acquired a new position in TriNet Group in the fourth quarter worth approximately $59,000. Nisa Investment Advisors LLC increased its position in TriNet Group by 72.7% in the fourth quarter. Nisa Investment Advisors LLC now owns 950 shares of the business services provider worth $81,000 after buying an additional 400 shares in the last quarter. Van ECK Associates Corp acquired a new position in TriNet Group in the fourth quarter worth approximately $88,000. Finally, Advisor Group Holdings Inc. increased its position in TriNet Group by 18.8% in the third quarter. Advisor Group Holdings Inc. now owns 988 shares of the business services provider worth $93,000 after buying 156 additional shares in the last quarter. 88.52% of the shares are held by institutional investors and hedge funds.

NYSE:TNET shares opened at $98.57 on Thursday. The stock has a market capitalization of $6.14 billion, a PE ratio of 19.44 and a beta of 1.29. TriNet Group has a 1-year low of $69.43 and a 1-year high of $109.40. The company has a fifty-day moving average price of $91.34 and a 200-day moving average price of $94.33. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt ratio of 0.56.

TriNet Group Company Profile (Get a rating)

TriNet Group, Inc provides human resources (HR) solutions, payroll services, employee benefits and employment risk mitigation services for small and medium-sized businesses in the United States. The company offers multi-state payroll processing and tax administration; employee benefit programs, including health insurance and pension plans; workers’ compensation insurance and claims management; compliance with employment and benefits laws; and other human resource related services.

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