TriNet Group, Inc. (NYSE:TNET) Scheduled to Post Quarterly Earnings on Monday
TriNet Group, Inc. (NYSE:TNET) is scheduled to announce its earnings results after the market closes on Monday, July 31st. Analysts expect the company to announce earnings of $0.27 per share for the quarter.
Shares of TriNet Group, Inc. (NYSE TNET) opened at 32.95 on Monday. The stock’s 50 day moving average is $32.34 and its 200-day moving average is $29.10. TriNet Group, Inc. has a 52 week low of $17.78 and a 52 week high of $34.00. The firm has a market cap of $2.26 billion, a PE ratio of 30.01 and a beta of 2.93.
TNET has been the subject of several analyst reports. Deutsche Bank AG cut TriNet Group from a “buy” rating to a “hold” rating and set a $30.00 price target for the company. in a research note on Wednesday, April 19th. Zacks Investment Research cut TriNet Group from a “buy” rating to a “hold” rating in a research note on Wednesday, May 3rd. BidaskClub upgraded TriNet Group from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 30th. Stifel Nicolaus upped their price target on TriNet Group from $34.00 to $37.00 and gave the stock a “buy” rating in a research note on Wednesday, May 3rd. Finally, TheStreet upgraded TriNet Group from a “c” rating to a “b” rating in a research note on Monday, March 27th. Six equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. TriNet Group currently has an average rating of “Hold” and a consensus target price of $26.86.
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In related news, VP Edward Griese sold 4,175 shares of the company’s stock in a transaction on Tuesday, May 16th. The stock was sold at an average price of $30.95, for a total transaction of $129,216.25. Following the transaction, the vice president now owns 2,254 shares of the company’s stock, valued at $69,761.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Burton M. Goldfield sold 42,839 shares of the company’s stock in a transaction on Thursday, May 11th. The stock was sold at an average price of $30.99, for a total value of $1,327,580.61. Following the transaction, the chief executive officer now directly owns 18,801 shares in the company, valued at approximately $582,642.99. The disclosure for this sale can be found here. Insiders have sold 336,996 shares of company stock worth $10,765,081 in the last ninety days. 42.40% of the stock is currently owned by corporate insiders.
TriNet Group Company Profile
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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