TriNet Group, Inc. (NYSE:TNET) issued its quarterly earnings data on Thursday. The business services provider reported $0.56 EPS for the quarter, beating the consensus estimate of $0.26 by $0.30, Bloomberg Earnings reports. TriNet Group had a return on equity of 201.15% and a net margin of 3.33%. The firm had revenue of $205.90 million during the quarter, compared to analyst estimates of $174.89 million. During the same quarter in the prior year, the business posted $0.29 EPS. The business’s revenue for the quarter was up 27.9% compared to the same quarter last year.

Shares of TriNet Group (NYSE TNET) traded up $6.97 during mid-day trading on Friday, reaching $41.00. The company had a trading volume of 2,020,656 shares, compared to its average volume of 288,616. TriNet Group has a one year low of $19.66 and a one year high of $43.38. The company has a debt-to-equity ratio of 4.42, a current ratio of 1.17 and a quick ratio of 1.17. The stock has a market cap of $2.85 billion, a price-to-earnings ratio of 25.66 and a beta of 2.88.

Several brokerages have recently commented on TNET. Morgan Stanley increased their price objective on TriNet Group from $31.00 to $32.00 and gave the company an “underweight” rating in a report on Friday. J P Morgan Chase & Co lowered TriNet Group from a “neutral” rating to an “underweight” rating and raised their target price for the stock from $33.00 to $36.00 in a research note on Thursday, August 17th. BidaskClub lowered TriNet Group from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. Zacks Investment Research lowered TriNet Group from a “hold” rating to a “sell” rating in a research note on Wednesday, October 4th. Finally, Stifel Nicolaus restated a “buy” rating and issued a $44.00 target price (up previously from $37.00) on shares of TriNet Group in a research note on Tuesday, August 1st. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the stock. TriNet Group has a consensus rating of “Hold” and an average target price of $37.60.

In other news, CEO Burton M. Goldfield sold 24,676 shares of the company’s stock in a transaction on Thursday, August 17th. The stock was sold at an average price of $35.29, for a total transaction of $870,816.04. Following the sale, the chief executive officer now owns 30,707 shares of the company’s stock, valued at $1,083,650.03. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Martin Babinec sold 111,855 shares of the business’s stock in a transaction on Friday, August 11th. The stock was sold at an average price of $37.75, for a total transaction of $4,222,526.25. The disclosure for this sale can be found here. Insiders have sold 332,983 shares of company stock worth $12,205,957 in the last ninety days. Corporate insiders own 42.40% of the company’s stock.

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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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