Equities research analysts expect that TriNet Group, Inc. (NYSE:TNET) will report sales of $199.09 million for the current quarter, Zacks reports. Three analysts have made estimates for TriNet Group’s earnings. The highest sales estimate is $206.28 million and the lowest is $187.90 million. TriNet Group posted sales of $226.00 million in the same quarter last year, which suggests a negative year over year growth rate of 11.9%. The firm is expected to report its next earnings report on Thursday, February 11th.
According to Zacks, analysts expect that TriNet Group will report full year sales of $1.03 billion for the current fiscal year, with estimates ranging from $1.02 billion to $1.04 billion. For the next fiscal year, analysts forecast that the business will post sales of $1.02 billion, with estimates ranging from $989.40 million to $1.06 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow TriNet Group.
TriNet Group (NYSE:TNET) last issued its quarterly earnings results on Monday, October 26th. The business services provider reported $0.56 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.16 by $0.40. The company had revenue of $216.00 million during the quarter, compared to the consensus estimate of $179.43 million. TriNet Group had a return on equity of 60.66% and a net margin of 8.03%. TriNet Group’s revenue was down 2.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.81 EPS.
A number of brokerages have weighed in on TNET. BidaskClub raised shares of TriNet Group from a “hold” rating to a “buy” rating in a research note on Wednesday. ValuEngine lowered shares of TriNet Group from a “hold” rating to a “sell” rating in a research note on Saturday, October 31st. Credit Suisse Group lifted their price target on shares of TriNet Group from $54.00 to $66.00 and gave the company a “neutral” rating in a research note on Tuesday, October 27th. Finally, William Blair reaffirmed an “outperform” rating on shares of TriNet Group in a research note on Tuesday, October 27th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $76.25.
In related news, SVP Edward Griese sold 519 shares of the company’s stock in a transaction dated Tuesday, November 17th. The shares were sold at an average price of $74.98, for a total value of $38,914.62. Following the transaction, the senior vice president now directly owns 37,431 shares in the company, valued at $2,806,576.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Martin Babinec sold 26,000 shares of the company’s stock in a transaction dated Monday, September 21st. The shares were sold at an average price of $58.41, for a total transaction of $1,518,660.00. Following the completion of the transaction, the director now owns 5,773 shares in the company, valued at $337,200.93. The disclosure for this sale can be found here. Over the last quarter, insiders sold 155,890 shares of company stock worth $11,193,287. Corporate insiders own 39.70% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the stock. Point72 Hong Kong Ltd purchased a new position in TriNet Group during the 3rd quarter worth $40,000. UBS Group AG raised its position in shares of TriNet Group by 38.1% during the 2nd quarter. UBS Group AG now owns 965 shares of the business services provider’s stock worth $59,000 after purchasing an additional 266 shares during the last quarter. FinTrust Capital Advisors LLC raised its position in shares of TriNet Group by 99.2% during the 2nd quarter. FinTrust Capital Advisors LLC now owns 1,281 shares of the business services provider’s stock worth $78,000 after purchasing an additional 638 shares during the last quarter. Steward Partners Investment Advisory LLC raised its position in shares of TriNet Group by 37.0% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 1,850 shares of the business services provider’s stock worth $113,000 after purchasing an additional 500 shares during the last quarter. Finally, Nisa Investment Advisors LLC raised its position in shares of TriNet Group by 100.0% during the 3rd quarter. Nisa Investment Advisors LLC now owns 2,000 shares of the business services provider’s stock worth $119,000 after purchasing an additional 1,000 shares during the last quarter. Institutional investors and hedge funds own 92.66% of the company’s stock.
Shares of TNET stock opened at $82.84 on Friday. TriNet Group has a 12-month low of $27.79 and a 12-month high of $83.82. The company has a market capitalization of $5.52 billion, a P/E ratio of 17.85 and a beta of 1.70. The firm has a 50-day moving average price of $75.51 and a 200 day moving average price of $66.32. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 0.58.
Source:
https://www.marketbeat.com/instant-alerts/nyse-tnet-consensus-analyst-rating-2020-12/