TriNet Group, Inc. (NYSE:TNET) to Issue Quarterly Dividend of $0.28

Key Points

• TriNet Group announced a quarterly dividend of $0.28 per share, with investors of record to be paid on October 27th, reflecting an annualized yield of 1.6%.
• The company has a payout ratio of 22.5%, indicating its dividend is well-supported by earnings, with expectations to earn $3.50 per share next year.
• Analysts have lowered the price target for TriNet shares from $76.00 to $75.00 while assigning an "underweight" rating, suggesting cautious outlook for the stock.

TriNet Group, Inc. (NYSE:TNET - Get Free Report) announced a quarterly dividend on Wednesday, September 17th. Investors of record on Wednesday, October 1st will be paid a dividend of 0.275 per share by the business services provider on Monday, October 27th. This represents a c) annualized dividend and a yield of 1.6%. The ex-dividend date is Wednesday, October 1st.

TriNet Group has a payout ratio of 22.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect TriNet Group to earn $3.50 per share next year, which means the company should continue to be able to cover its $1.10 annual dividend with an expected future payout ratio of 31.4%.

TriNet Group Trading Down 0.7%

Shares of NYSE:TNET opened at $68.04 on Thursday. The company has a market cap of $3.31 billion, a PE ratio of 23.38 and a beta of 0.84. The company's 50-day moving average price is $67.54 and its 200 day moving average price is $74.44. TriNet Group has a fifty-two week low of $62.55 and a fifty-two week high of $99.78. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 8.36.

TriNet Group (NYSE:TNET - Get Free Report) last released its quarterly earnings results on Friday, July 25th. The business services provider reported $1.15 EPS for the quarter, topping analysts' consensus estimates of $1.03 by $0.12. TriNet Group had a net margin of 2.85% and a return on equity of 208.35%. The company had revenue of $282.90 million for the quarter, compared to the consensus estimate of $278.93 million. During the same period in the previous year, the firm earned $1.53 EPS. TriNet Group has set its FY 2025 guidance at 3.250-4.750 EPS. Sell-side analysts anticipate that TriNet Group will post 3.04 earnings per share for the current year.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. dropped their price target on shares of TriNet Group from $76.00 to $75.00 and set an "underweight" rating on the stock in a research report on Monday, July 28th. Two investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, TriNet Group presently has an average rating of "Reduce" and an average target price of $96.33.

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.

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