Analysts Anticipate TriNet Group Inc (TNET) Will Post Quarterly Sales of $216.37 Million

Wall Street brokerages expect TriNet Group Inc (NYSE:TNET) to post $216.37 million in sales for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for TriNet Group’s earnings. The highest sales estimate is $223.20 million and the lowest is $212.80 million. TriNet Group posted sales of $204.00 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 6.1%. The business is scheduled to issue its next quarterly earnings report on Tuesday, February 26th.

On average, analysts expect that TriNet Group will report full-year sales of $859.03 million for the current year, with estimates ranging from $856.16 million to $862.54 million. For the next year, analysts expect that the business will report sales of $936.17 million, with estimates ranging from $916.80 million to $953.81 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow TriNet Group.

TriNet Group (NYSE:TNET) last posted its quarterly earnings results on Monday, October 29th. The business services provider reported $0.75 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.20. TriNet Group had a return on equity of 69.17% and a net margin of 6.67%. The business had revenue of $228.00 million during the quarter, compared to the consensus estimate of $202.65 million. During the same period in the prior year, the company posted $0.56 EPS. The firm’s revenue for the quarter was up 11.2% compared to the same quarter last year.

Several research firms have weighed in on TNET. Zacks Investment Research upgraded TriNet Group from a “hold” rating to a “buy” rating and set a $61.00 price target for the company in a research note on Saturday, August 4th. Credit Suisse Group set a $54.00 price target on TriNet Group and gave the stock a “hold” rating in a research note on Tuesday. Morgan Stanley upped their price target on TriNet Group from $51.00 to $55.00 and gave the stock a “hold” rating in a research note on Tuesday, July 31st. Finally, Stifel Nicolaus upped their price target on TriNet Group from $64.00 to $66.00 and gave the stock a “buy” rating in a research note on Tuesday, July 31st. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. TriNet Group currently has a consensus rating of “Buy” and a consensus target price of $59.00.

In other news, SVP Brady Mickelsen sold 5,002 shares of the company’s stock in a transaction that occurred on Friday, August 17th. The stock was sold at an average price of $57.02, for a total transaction of $285,214.04. Following the sale, the senior vice president now directly owns 61,583 shares of the company’s stock, valued at approximately $3,511,462.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Michael P. Murphy sold 3,041 shares of the company’s stock in a transaction that occurred on Friday, August 17th. The stock was sold at an average price of $56.87, for a total value of $172,941.67. Following the sale, the insider now directly owns 27,418 shares in the company, valued at $1,559,261.66. The disclosure for this sale can be found here. Insiders have sold a total of 175,605 shares of company stock worth $9,691,464 over the last ninety days. Insiders own 38.90% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the company. Itau Unibanco Holding S.A. purchased a new stake in shares of TriNet Group during the 2nd quarter worth approximately $132,000. Brown Advisory Inc. purchased a new stake in TriNet Group during the 1st quarter valued at $232,000. Fox Run Management L.L.C. purchased a new stake in TriNet Group during the 3rd quarter valued at $239,000. Raymond James & Associates purchased a new stake in TriNet Group during the 2nd quarter valued at $246,000. Finally, Xact Kapitalforvaltning AB purchased a new stake in TriNet Group during the 1st quarter valued at $247,000. 85.59% of the stock is currently owned by institutional investors and hedge funds.

TNET stock opened at $46.99 on Thursday. TriNet Group has a 1-year low of $33.51 and a 1-year high of $60.15. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 1.30. The company has a market capitalization of $3.25 billion, a price-to-earnings ratio of 27.32 and a beta of 2.40.

TriNet Group Company Profile

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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