Zacks: Brokerages Anticipate TriNet Group Inc (NYSE:TNET) to Announce $0.69 Earnings Per Share

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Wall Street analysts forecast that TriNet Group Inc (NYSE:TNET) will report earnings per share (EPS) of $0.69 for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for TriNet Group’s earnings, with the lowest EPS estimate coming in at $0.68 and the highest estimate coming in at $0.69. TriNet Group posted earnings of $0.87 per share in the same quarter last year, which suggests a negative year-over-year growth rate of 20.7%. The firm is scheduled to report its next earnings results after the market closes on Monday, July 29th.

According to Zacks, analysts expect that TriNet Group will report full year earnings of $3.39 per share for the current year, with EPS estimates ranging from $3.37 to $3.41. For the next fiscal year, analysts anticipate that the company will report earnings of $3.86 per share, with EPS estimates ranging from $3.73 to $4.03. Zacks’ EPS averages are an average based on a survey of research analysts that follow TriNet Group.

TriNet Group (NYSE:TNET) last released its quarterly earnings data on Monday, April 29th. The business services provider reported $0.87 EPS for the quarter, missing the Zacks’ consensus estimate of $0.88 by ($0.01). The business had revenue of $251.00 million during the quarter, compared to analyst estimates of $233.65 million. TriNet Group had a net margin of 5.62% and a return on equity of 54.21%. The firm’s revenue was up 14.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.80 EPS.

Separately, Zacks Investment Research raised shares of Hope Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday, April 17th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $58.63.

Shares of TriNet Group stock traded down $0.15 during mid-day trading on Wednesday, hitting $71.27. The stock had a trading volume of 4,991 shares, compared to its average volume of 222,801. The firm’s 50-day simple moving average is $67.00. TriNet Group has a 12-month low of $38.74 and a 12-month high of $71.74. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.95. The company has a market cap of $5.00 billion, a price-to-earnings ratio of 27.80 and a beta of 1.89.

In related news, VP Edward Griese sold 1,403 shares of TriNet Group stock in a transaction on Monday, April 22nd. The shares were sold at an average price of $59.20, for a total transaction of $83,057.60. Following the sale, the vice president now directly owns 68,155 shares in the company, valued at approximately $4,034,776. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Martin Babinec sold 40,783 shares of TriNet Group stock in a transaction on Friday, June 7th. The shares were sold at an average price of $65.29, for a total transaction of $2,662,722.07. The disclosure for this sale can be found here. Insiders have sold a total of 236,846 shares of company stock valued at $15,279,492 in the last ninety days. 37.00% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of TNET. Hilton Capital Management LLC acquired a new position in TriNet Group during the first quarter worth about $79,000. Advisory Services Network LLC raised its position in shares of TriNet Group by 1,385.3% in the fourth quarter. Advisory Services Network LLC now owns 1,411 shares of the business services provider’s stock valued at $59,000 after buying an additional 1,316 shares during the last quarter. Quantamental Technologies LLC acquired a new position in shares of TriNet Group in the first quarter valued at approximately $100,000. NumerixS Investment Technologies Inc acquired a new position in shares of TriNet Group in the first quarter valued at approximately $130,000. Finally, ARP Americas LP acquired a new position in shares of TriNet Group in the first quarter valued at approximately $209,000. Institutional investors own 86.72% of the company’s stock.

About TriNet Group

TriNet Group, Inc provides human resources solutions for small and midsize businesses in the United States and Canada. The company offers 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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