NYSE:TNET - TriNet Group Stock Price, News, & Analysis

TriNet Group trades on the New York Stock Exchange (NYSE) under the ticker symbol "TNET."

TriNet Group declared that its board has authorized a share repurchase program on Wednesday, February 28th 2018, which allows the company to buyback $120,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company's management believes its shares are undervalued.

TriNet Group Inc (NYSE:TNET) posted its quarterly earnings results on Monday, October, 29th. The business services provider reported $0.75 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.55 by $0.20. The business services provider earned $228 million during the quarter, compared to analysts' expectations of $202.65 million. TriNet Group had a return on equity of 63.58% and a net margin of 6.67%. The company's revenue was up 11.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.56 earnings per share. View TriNet Group's Earnings History.

TriNet Group is scheduled to release their next quarterly earnings announcement on Tuesday, February 26th 2019. View Earnings Estimates for TriNet Group.

TriNet Group issued an update on its fourth quarter earnings guidance on Monday, October, 29th. The company provided EPS guidance of $0.42-0.56 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.52. TriNet Group also updated its FY18 guidance to $2.85-2.99 EPS.

3 analysts have issued twelve-month price objectives for TriNet Group's stock. Their forecasts range from $54.00 to $66.00. On average, they expect TriNet Group's share price to reach $58.3333 in the next year. This suggests a possible upside of 28.5% from the stock's current price. View Analyst Price Targets for TriNet Group.

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for TriNet Group in the last year. There are currently 2 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for TriNet Group.

Media stories about TNET stock have trended positive on Monday, InfoTrie Sentiment Analysis reports. The research group ranks the sentiment of press coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. TriNet Group earned a coverage optimism score of 2.7 on InfoTrie's scale. They also gave press coverage about the business services provider a news buzz of 1.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the stock's share price in the next few days.

Some companies that are related to TriNet Group include Broadridge Financial Solutions (BR), Akamai Technologies (AKAM), Alliance Data Systems (ADS), Nielsen (NLSN), The Western Union (WU), CIELO S A/S (CIOXY), GrubHub (GRUB), WEX (WEX), Zillow Group (Z), Zillow Group (ZG), Etsy (ETSY), CDK Global (CDK), Fair Isaac (FICO), Farfetch (FTCH) and athenahealth (ATHN).

TriNet Group's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Boston Advisors LLC (0.12%). Company insiders that own TriNet Group stock include Brady Mickelsen, Burton M Goldfield, Edward Griese, H Raymond Bingham, Martin Babinec, Michael P Murphy, Wayne B Lowell and William Porter. View Institutional Ownership Trends for TriNet Group.

TNET stock was sold by a variety of institutional investors in the last quarter, including Boston Advisors LLC. Company insiders that have sold TriNet Group company stock in the last year include Brady Mickelsen, Burton M Goldfield, Edward Griese, Martin Babinec, Michael P Murphy and Wayne B Lowell. View Insider Buying and Selling for TriNet Group.

Shares of TNET can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of TNET stock can currently be purchased for approximately $45.41.

TriNet Group has a market capitalization of $3.20 billion and generates $3.28 billion in revenue each year. The business services provider earns $178 million in net income (profit) each year or $1.72 on an earnings per share basis. TriNet Group employs 2,900 workers across the globe.

The official website for TriNet Group is http://www.trinet.com.

TriNet Group's mailing address is ONE PARK PLACE SUITE 600, DUBLIN CA, 94568. The business services provider can be reached via phone at 510-352-5000 or via email at [email protected]