TriNet Group (NYSE:TNET) Releases Q4 2024 Earnings Guidance

TriNet Group (NYSE:TNET) updated its fourth quarter 2024 earnings guidance on Friday. The company provided EPS guidance of 0.060-0.570 for the period, compared to the consensus EPS estimate of 1.160. The company issued revenue guidance of $1.2 billion-$1.3 billion, compared to the consensus revenue estimate of $1.3 billion. TriNet Group also updated its FY 2024 guidance to 4.950-5.450 EPS.

Wall Street Analyst Weigh In

Several research firms recently issued reports on TNET. Needham & Company LLC reaffirmed a “buy” rating and issued a $140.00 price objective on shares of TriNet Group in a research note on Wednesday, September 11th. JPMorgan Chase & Co. restated an “underweight” rating and set a $103.00 target price on shares of TriNet Group in a report on Tuesday. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $118.40.

TriNet Group Stock Performance

TNET stock traded down $11.32 during trading on Friday, reaching $80.31. 2,086,121 shares of the stock were exchanged, compared to its average volume of 283,668. TriNet Group has a twelve month low of $74.32 and a twelve month high of $134.67. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 9.84. The company has a market capitalization of $3.99 billion, a P/E ratio of 13.57 and a beta of 1.17. The stock has a 50 day simple moving average of $96.79 and a 200-day simple moving average of $102.91.

TriNet Group (NYSE:TNET) last announced its quarterly earnings results on Friday, October 25th. The business services provider reported $0.95 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.09 by ($0.14). TriNet Group had a net margin of 6.29% and a return on equity of 397.90%. The business had revenue of $288.00 million during the quarter, compared to the consensus estimate of $297.94 million. As a group, sell-side analysts anticipate that TriNet Group will post 5.13 earnings per share for the current year.

TriNet Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 28th. Stockholders of record on Tuesday, October 1st will be paid a $0.25 dividend. The ex-dividend date is Tuesday, October 1st. This represents a $1.00 annualized dividend and a dividend yield of 1.25%. TriNet Group’s dividend payout ratio is presently 16.89%.

Insider Activity at TriNet Group

In other news, Director Paul Edward Chamberlain sold 375 shares of the business’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $106.50, for a total value of $39,937.50. Following the transaction, the director now directly owns 37,966 shares of the company’s stock, valued at $4,043,379. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CFO Kelly L. Tuminelli sold 4,683 shares of the business’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $102.96, for a total value of $482,161.68. Following the completion of the transaction, the chief financial officer now owns 82,409 shares in the company, valued at $8,484,830.64. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Paul Edward Chamberlain sold 375 shares of the stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $106.50, for a total value of $39,937.50. Following the completion of the transaction, the director now owns 37,966 shares in the company, valued at $4,043,379. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 37.10% of the stock is currently owned by insiders.

TriNet Group Company Profile

TriNet Group, Inc provides comprehensive and flexible human capital management services for small and medium size businesses in the United States. 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 benefits law compliance; and other HR related services.