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

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

TriNet Group Stock Up 0.1 %

Shares of TNET traded up $0.08 during mid-day trading on Wednesday, hitting $78.44. 393,200 shares of the company traded hands, compared to its average volume of 481,042. The business has a 50 day moving average of $76.04 and a 200 day moving average of $85.60. The company has a market capitalization of $3.80 billion, a PE ratio of 22.94 and a beta of 1.06. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 13.16. TriNet Group has a 1-year low of $65.43 and a 1-year high of $116.26.

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 given a dividend of $0.275 per share. The ex-dividend date of this dividend was Tuesday, April 1st. This is an increase from TriNet Group's previous quarterly dividend of $0.25. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.40%. TriNet Group's dividend payout ratio is presently 32.84%.

Insider Activity

In other TriNet Group news, Director Paul Edward Chamberlain sold 600 shares of the company's stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $69.36, for a total value of $41,616.00. Following the completion of the transaction, the director now owns 36,991 shares in the company, valued at approximately $2,565,695.76. This represents a 1.60 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CTO Jeffery Jon Hayward sold 1,364 shares of the company's stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $69.36, for a total transaction of $94,607.04. Following the transaction, the chief technology officer now owns 19,867 shares of the company's stock, valued at $1,377,975.12. This represents a 6.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 37.10% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. JPMorgan Chase & Co. increased their price objective on shares of TriNet Group from $75.00 to $76.00 and gave the company an "underweight" rating in a report on Monday. TD Cowen downgraded shares of TriNet Group from a "buy" rating to a "hold" rating and dropped their price objective for the company from $104.00 to $74.00 in a report on Tuesday, February 18th. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of TriNet Group in a report on Thursday, March 13th.

About TriNet Group

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.