TriNet Group (NYSE:TNET) Issues FY 2025 Earnings Guidance

Key Points

• TriNet Group has updated its FY 2025 earnings guidance, projecting an EPS of 3.250-4.750 compared to a consensus estimate of 4.160, and revenue guidance of $5.0-$5.1 billion.
• Shares of TriNet Group opened at $65.61 and have a market cap of $3.18 billion, with a high of $116.26 in the last year.
• The company has declared a quarterly dividend of $0.275 per share, resulting in an annualized dividend of $1.10 and a yield of 1.68%.

TriNet Group (NYSE:TNET - Get Free Report) updated its FY 2025 earnings guidance on Friday. The company provided earnings per share guidance of 3.250-4.750 for the period, compared to the consensus earnings per share estimate of 4.160. The company issued revenue guidance of $5.0 billion-$5.1 billion, compared to the consensus revenue estimate of $5.0 billion.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. reduced their target price on shares of TriNet Group from $76.00 to $75.00 and set an "underweight" rating for the company in a report on Monday.

TriNet Group Stock Performance

Shares of TriNet Group stock traded down $0.06 on Tuesday, reaching $70.18. 255,675 shares of the stock were exchanged, compared to its average volume of 441,329. TriNet Group has a 1-year low of $63.23 and a 1-year high of $108.65. The business has a fifty day moving average price of $75.12 and a two-hundred day moving average price of $78.94. The firm has a market capitalization of $3.40 billion, a PE ratio of 24.12 and a beta of 0.84. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 14.43.

TriNet Group (NYSE:TNET - Get Free Report) last issued its earnings results on Friday, July 25th. The business services provider reported $1.15 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.12. The company had revenue of $282.90 million for the quarter, compared to analyst estimates of $278.93 million. TriNet Group had a net margin of 2.85% and a return on equity of 220.32%. During the same period in the prior year, the business posted $1.53 earnings per share. As a group, research analysts anticipate that TriNet Group will post 3.04 earnings per share for the current fiscal year.

TriNet Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, July 28th. Shareholders of record on Tuesday, July 1st were given a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a yield of 1.57%. The ex-dividend date of this dividend was Tuesday, July 1st. TriNet Group's payout ratio is currently 37.80%.

Insider Buying and Selling

In other news, CTO Jeffery Jon Hayward sold 1,437 shares of the company's stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $82.04, for a total value of $117,891.48. Following the sale, the chief technology officer directly owned 32,932 shares in the company, valued at $2,701,741.28. This represents a 4.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Sidney A. Majalya sold 500 shares of TriNet Group stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $83.14, for a total transaction of $41,570.00. Following the sale, the senior vice president owned 23,033 shares of the company's stock, valued at approximately $1,914,963.62. This trade represents a 2.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,120 shares of company stock worth $175,291. 37.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of TNET. Intech Investment Management LLC increased its position in TriNet Group by 10.3% during the first quarter. Intech Investment Management LLC now owns 16,862 shares of the business services provider's stock worth $1,336,000 after purchasing an additional 1,577 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of TriNet Group by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,009 shares of the business services provider's stock worth $1,506,000 after buying an additional 819 shares during the last quarter. Jane Street Group LLC acquired a new stake in shares of TriNet Group during the 1st quarter worth $3,204,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of TriNet Group by 0.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 76,575 shares of the business services provider's stock worth $6,068,000 after buying an additional 470 shares during the period. Finally, Millennium Management LLC boosted its holdings in TriNet Group by 3,995.7% in the first quarter. Millennium Management LLC now owns 138,926 shares of the business services provider's stock valued at $11,008,000 after acquiring an additional 135,534 shares during the last quarter. Institutional investors and hedge funds own 96.81% of the company's stock.

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.