TriNet Group (NYSE:TNET) Posts Quarterly Earnings Results, Beats Estimates By $0.32 EPS

TriNet Group (NYSE:TNET - Get Free Report) released its earnings results on Friday. The business services provider reported $1.99 EPS for the quarter, topping analysts' consensus estimates of $1.67 by $0.32, RTT News reports. TriNet Group had a return on equity of 200.82% and a net margin of 3.46%. The firm had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $319.36 million. During the same quarter in the previous year, the company posted $2.18 earnings per share. TriNet Group updated its FY 2025 guidance to 3.250-4.750 EPS.

TriNet Group Price Performance

NYSE TNET traded up $0.23 during trading hours on Thursday, hitting $78.56. 108,951 shares of the company's stock traded hands, compared to its average volume of 381,552. The company has a debt-to-equity ratio of 13.16, a current ratio of 1.07 and a quick ratio of 1.07. The firm's 50-day moving average is $76.28 and its 200-day moving average is $85.55. TriNet Group has a 52-week low of $65.43 and a 52-week high of $116.26. The company has a market capitalization of $3.80 billion, a PE ratio of 22.97 and a beta of 1.06.

TriNet Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 28th. Stockholders of record on Tuesday, April 1st were paid a $0.275 dividend. This is an increase from TriNet Group's previous quarterly dividend of $0.25. This represents a $1.10 annualized dividend and a dividend yield of 1.40%. The ex-dividend date was Tuesday, April 1st. TriNet Group's dividend payout ratio (DPR) is currently 32.84%.

Insider Transactions at TriNet Group

In other TriNet Group news, Director Paul Edward Chamberlain sold 600 shares of TriNet Group stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $69.36, for a total value of $41,616.00. Following the sale, the director now owns 36,991 shares in the company, valued at $2,565,695.76. The trade was a 1.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CTO Jeffery Jon Hayward sold 1,364 shares of the firm's stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $69.36, for a total value of $94,607.04. Following the sale, the chief technology officer now directly owns 19,867 shares of the company's stock, valued at $1,377,975.12. The trade was a 6.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 37.10% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on TNET shares. JPMorgan Chase & Co. boosted their target price on shares of TriNet Group from $75.00 to $76.00 and gave the company an "underweight" rating in a research report on Monday. Needham & Company LLC reiterated a "hold" rating on shares of TriNet Group in a research report on Thursday, March 13th. Finally, TD Cowen cut TriNet Group from a "buy" rating to a "hold" rating and dropped their target price for the company from $104.00 to $74.00 in a research report on Tuesday, February 18th.

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.