Zacks: Analysts Expect TriNet Group Inc (TNET) to Post $0.47 EPS

Analysts forecast that TriNet Group Inc (NYSE:TNET) will announce $0.47 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Four analysts have made estimates for TriNet Group’s earnings. The lowest EPS estimate is $0.36 and the highest is $0.56. TriNet Group posted earnings of $0.38 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 23.7%. The company is expected to issue its next earnings report on Tuesday, February 27th.

On average, analysts expect that TriNet Group will report full-year earnings of $1.99 per share for the current fiscal year, with EPS estimates ranging from $1.89 to $2.09. For the next fiscal year, analysts expect that the company will post earnings of $1.99 per share, with EPS estimates ranging from $1.79 to $2.30. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that that provide coverage for TriNet Group.

TriNet Group (NYSE:TNET) last released its quarterly earnings data on Thursday, November 2nd. The business services provider reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.30. TriNet Group had a net margin of 4.15% and a return on equity of 156.96%. The business had revenue of $205.90 million during the quarter, compared to analyst estimates of $174.89 million. During the same period in the previous year, the business earned $0.29 EPS. TriNet Group’s revenue was up 27.9% compared to the same quarter last year.

A number of research firms recently weighed in on TNET. Zacks Investment Research lowered shares of TriNet Group from a “strong-buy” rating to a “hold” rating in a research note on Friday. BidaskClub lowered shares of TriNet Group from a “buy” rating to a “hold” rating in a research report on Thursday, September 14th. Finally, Morgan Stanley boosted their price target on shares of TriNet Group from $31.00 to $32.00 and gave the company an “underweight” rating in a research report on Friday, November 3rd. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $38.00.

In other news, Director Martin Babinec sold 36,500 shares of the business’s stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $44.21, for a total transaction of $1,613,665.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Burton M. Goldfield sold 17,809 shares of the company’s stock in a transaction on Monday, December 18th. The stock was sold at an average price of $43.52, for a total transaction of $775,047.68. Following the completion of the transaction, the chief executive officer now owns 32,234 shares of the company’s stock, valued at $1,402,823.68. The disclosure for this sale can be found here. Insiders have sold a total of 142,163 shares of company stock valued at $5,925,247 over the last 90 days. Company insiders own 42.40% of the company’s stock.

A number of large investors have recently made changes to their positions in TNET. Cramer Rosenthal Mcglynn LLC purchased a new position in TriNet Group in the second quarter worth $18,537,000. Vanguard Group Inc. grew its position in TriNet Group by 8.1% in the second quarter. Vanguard Group Inc. now owns 4,571,207 shares of the business services provider’s stock worth $149,661,000 after acquiring an additional 342,250 shares in the last quarter. FMR LLC grew its position in TriNet Group by 58.7% in the second quarter. FMR LLC now owns 906,982 shares of the business services provider’s stock worth $29,695,000 after acquiring an additional 335,381 shares in the last quarter. Russell Investments Group Ltd. grew its position in TriNet Group by 644.8% in the third quarter. Russell Investments Group Ltd. now owns 265,053 shares of the business services provider’s stock worth $8,911,000 after acquiring an additional 229,466 shares in the last quarter. Finally, Mckinley Capital Management LLC Delaware purchased a new position in TriNet Group in the second quarter worth $5,218,000. Institutional investors own 56.52% of the company’s stock.

TriNet Group (NYSE TNET) traded up $0.76 during trading on Friday, reaching $44.38. 231,696 shares of the company were exchanged, compared to its average volume of 276,375. TriNet Group has a fifty-two week low of $24.09 and a fifty-two week high of $45.25. The stock has a market cap of $3,020.00, a price-to-earnings ratio of 23.48 and a beta of 3.01. The company has a debt-to-equity ratio of 3.00, a current ratio of 1.18 and a quick ratio of 1.18.

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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.

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