TriNet Group, Inc. (NYSE:TNET) is scheduled to be announcing its earnings results after the market closes on Monday, October 30th. Analysts expect the company to announce earnings of $0.26 per share for the quarter.

TriNet Group (NYSE:TNET) last released its quarterly earnings data on Monday, July 31st. The business services provider reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.18. The firm had revenue of $201.01 million during the quarter, compared to the consensus estimate of $168.27 million. TriNet Group had a net margin of 3.33% and a return on equity of 201.15%. The firm’s revenue was up 7.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.27 earnings per share. On average, analysts expect TriNet Group to post $1.27 EPS for the current fiscal year and $1.35 EPS for the next fiscal year.

TriNet Group, Inc. (TNET) opened at 34.88 on Monday. The firm has a market cap of $2.42 billion, a P/E ratio of 23.44 and a beta of 2.89. TriNet Group, Inc. has a 12-month low of $17.78 and a 12-month high of $41.58. The firm has a 50-day moving average of $34.47 and a 200-day moving average of $33.00.

In other TriNet Group news, SVP Brady Mickelsen sold 4,744 shares of the company’s stock in a transaction on Monday, August 21st. The stock was sold at an average price of $35.73, for a total value of $169,503.12. Following the sale, the senior vice president now directly owns 38,842 shares in the company, valued at $1,387,824.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Edward Griese sold 3,494 shares of the company’s stock in a transaction on Thursday, August 17th. The shares were sold at an average price of $35.45, for a total value of $123,862.30. Following the completion of the sale, the vice president now owns 8,504 shares in the company, valued at $301,466.80. The disclosure for this sale can be found here. Insiders sold 357,983 shares of company stock worth $13,186,607 over the last quarter. Company insiders own 42.40% of the company’s stock.

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A number of analysts have recently issued reports on TNET shares. Zacks Investment Research upgraded TriNet Group from a “hold” rating to a “strong-buy” rating and set a $45.00 price objective on the stock in a research report on Saturday, August 5th. Stifel Nicolaus restated a “buy” rating and set a $44.00 price objective (up from $37.00) on shares of TriNet Group in a research report on Tuesday, August 1st. BidaskClub upgraded TriNet Group from a “hold” rating to a “buy” rating in a research report on Thursday, October 5th. Morgan Stanley cut TriNet Group from an “equal weight” rating to an “underweight” rating and boosted their price objective for the company from $27.00 to $31.00 in a research report on Tuesday, August 22nd. Finally, J P Morgan Chase & Co cut TriNet Group from a “neutral” rating to an “underweight” rating and boosted their price objective for the company from $33.00 to $36.00 in a research report on Thursday, August 17th. Three research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $37.40.

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.

Earnings History for TriNet Group (NYSE:TNET)

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