Zacks: Analysts Expect TriNet Group Inc (TNET) Will Post Quarterly Sales of $198.33 Million

Brokerages predict that TriNet Group Inc (NYSE:TNET) will report sales of $198.33 million for the current fiscal quarter, according to Zacks. Four analysts have made estimates for TriNet Group’s earnings. The highest sales estimate is $205.21 million and the lowest is $191.28 million. TriNet Group posted sales of $173.10 million in the same quarter last year, which suggests a positive year-over-year growth rate of 14.6%. The company is scheduled to report its next earnings results on Tuesday, February 27th.

On average, analysts expect that TriNet Group will report full-year sales of $198.33 million for the current fiscal year, with estimates ranging from $797.15 million to $811.08 million. For the next financial year, analysts anticipate that the business will report sales of $819.48 million per share, with estimates ranging from $785.20 million to $854.96 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that follow TriNet Group.

A number of equities analysts have commented on TNET shares. BidaskClub cut shares of TriNet Group from a “buy” rating to a “hold” rating in a research note on Wednesday, October 25th. Morgan Stanley boosted their price target on shares of TriNet Group from $31.00 to $32.00 and gave the stock an “underweight” rating in a research note on Friday, November 3rd. Finally, Zacks Investment Research raised shares of TriNet Group from a “sell” rating to a “strong-buy” rating and set a $47.00 price target for the company in a research note on Thursday, November 9th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. TriNet Group has an average rating of “Hold” and a consensus price target of $38.00.

In other news, Director Martin Babinec sold 36,500 shares of the business’s stock in a transaction that occurred on Wednesday, December 6th. The shares were sold at an average price of $44.21, for a total value of $1,613,665.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Michael P. Murphy sold 631 shares of the business’s stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $42.40, for a total transaction of $26,754.40. Following the completion of the sale, the insider now owns 12,553 shares of the company’s stock, valued at $532,247.20. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 178,663 shares of company stock valued at $7,739,446. Company insiders own 42.40% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in TriNet Group by 8.1% during the 2nd quarter. Vanguard Group Inc. now owns 4,571,207 shares of the business services provider’s stock valued at $149,661,000 after buying an additional 342,250 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in TriNet Group by 9.1% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,119,615 shares of the business services provider’s stock valued at $37,644,000 after buying an additional 92,991 shares during the last quarter. Cramer Rosenthal Mcglynn LLC raised its holdings in TriNet Group by 70.6% during the 3rd quarter. Cramer Rosenthal Mcglynn LLC now owns 965,930 shares of the business services provider’s stock valued at $32,475,000 after buying an additional 399,745 shares during the last quarter. FMR LLC raised its holdings in TriNet Group by 58.7% during the 2nd quarter. FMR LLC now owns 906,982 shares of the business services provider’s stock valued at $29,695,000 after buying an additional 335,381 shares during the last quarter. Finally, Hennessy Advisors Inc. raised its holdings in TriNet Group by 480.7% during the 4th quarter. Hennessy Advisors Inc. now owns 895,500 shares of the business services provider’s stock valued at $39,706,000 after buying an additional 741,300 shares during the last quarter. Hedge funds and other institutional investors own 58.01% of the company’s stock.

TriNet Group (TNET) opened at $39.80 on Friday. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 3.00. TriNet Group has a 12 month low of $24.47 and a 12 month high of $45.25. The company has a market cap of $2,934.36, a P/E ratio of 21.06 and a beta of 2.78.

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About TriNet Group

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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