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NYSE:TNETTriNet Group Stock Price, Forecast & News

$60.00
+0.12 (+0.20 %)
(As of 07/13/2020 04:00 PM ET)
Add
Compare
Today's Range
$59.82
Now: $60.00
$62.04
50-Day Range
$48.83
MA: $56.61
$61.71
52-Week Range
$27.79
Now: $60.00
$76.92
Volume500,900 shs
Average Volume455,750 shs
Market Capitalization$4.04 billion
P/E Ratio17.60
Dividend YieldN/A
Beta1.91
TriNet Group, Inc. provides human resources solutions for small and midsize businesses in the United States and Canada. 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 benefit law compliance; and other services. It serves clients in various industries, including technology, life sciences, not-for-profit, professional services, financial services, property management, retail, manufacturing, and hospitality. The company markets its solutions through its sales representatives. TriNet Group, Inc. was founded in 1988 and is headquartered in Dublin, California.
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TriNet Group logo

Beat the Market (BTM) Rank

Analyst Opinion: 1.3Community Rank: 2.6Dividend Strength: 0.0Insider Behavior: 2.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.31 out of 5 stars


Industry, Sector and Symbol

Industry Business services, not elsewhere classified
Sub-IndustryN/A
CUSIPN/A
Phone510-352-5000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$3.86 billion
Cash Flow$3.75 per share
Book Value$6.80 per share

Profitability

Net Income$212 million

Miscellaneous

Employees2,900
Market Cap$4.04 billion
Next Earnings Date7/23/2020 (Estimated)
OptionableOptionable

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TriNet Group (NYSE:TNET) Frequently Asked Questions

How has TriNet Group's stock been impacted by COVID-19 (Coronavirus)?

TriNet Group's stock was trading at $50.09 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, TNET stock has increased by 19.8% and is now trading at $60.00. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of TriNet Group?

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

When is TriNet Group's next earnings date?

TriNet Group is scheduled to release its next quarterly earnings announcement on Thursday, July 23rd 2020. View our earnings forecast for TriNet Group.

How were TriNet Group's earnings last quarter?

TriNet Group Inc (NYSE:TNET) posted its earnings results on Tuesday, April, 28th. The business services provider reported $1.41 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.83 by $0.58. The business services provider had revenue of $283 million for the quarter, compared to analysts' expectations of $245.95 million. TriNet Group had a return on equity of 48.47% and a net margin of 6.05%. TriNet Group's quarterly revenue was up 12.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.98 earnings per share. View TriNet Group's earnings history.

What price target have analysts set for TNET?

3 brokers have issued 12-month target prices for TriNet Group's shares. Their forecasts range from $44.00 to $80.00. On average, they anticipate TriNet Group's share price to reach $62.00 in the next twelve months. This suggests a possible upside of 3.3% from the stock's current price. View analysts' price targets for TriNet Group.

Has TriNet Group been receiving favorable news coverage?

News coverage about TNET stock has been trending very negative this week, InfoTrie Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. TriNet Group earned a media sentiment score of -3.2 on InfoTrie's scale. They also assigned news stories about the business services provider a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the stock's share price in the immediate future. View the latest news about TriNet Group.

Are investors shorting TriNet Group?

TriNet Group saw a decrease in short interest during the month of June. As of June 30th, there was short interest totaling 2,850,000 shares, a decrease of 10.1% from the June 15th total of 3,170,000 shares. Based on an average daily volume of 413,800 shares, the days-to-cover ratio is currently 6.9 days. Currently, 7.0% of the shares of the stock are short sold. View TriNet Group's Current Options Chain.

Who are some of TriNet Group's key competitors?

What other stocks do shareholders of TriNet Group own?

Based on aggregate information from My MarketBeat watchlists, some companies that other TriNet Group investors own include NVIDIA (NVDA), Tesla (TSLA), Home Depot (HD), Twitter (TWTR), Gilead Sciences (GILD), Intel (INTC), Netflix (NFLX), Verizon Communications (VZ), Boeing (BA) and Alibaba Group (BABA).

Who are TriNet Group's key executives?

TriNet Group's management team includes the following people:
  • Mr. Burton M. Goldfield, Pres, CEO & Director (Age 63)
  • Mr. Richard J. Beckert, CFO & Sr. VP (Age 57)
  • Ms. Samantha Wellington, Sr. VP, Chief Legal Officer & Sec. (Age 41)
  • Mr. Edward Ray Griese, Sr. VP of Insurance Services (Age 56)
  • Mr. Barrett Boston, Sr. VP & Chief Revenue Officer (Age 46)

What is TriNet Group's stock symbol?

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

Who are TriNet Group's major shareholders?

TriNet Group's stock is owned by a variety of institutional and retail investors. Top institutional investors include Reinhart Partners Inc. (0.36%) and Envestnet Asset Management Inc. (0.02%). Company insiders that own TriNet Group stock include Brady Mickelsen, Burton M Goldfield, Edward Griese, H Raymond Bingham, Kenneth A Goldman, LP Agi-T, Martin Babinec, Michael P Murphy, Paul Edward Chamberlain and Wayne B Lowell. View institutional ownership trends for TriNet Group.

Which major investors are selling TriNet Group stock?

TNET stock was sold by a variety of institutional investors in the last quarter, including Reinhart Partners Inc., and Envestnet Asset Management Inc.. Company insiders that have sold TriNet Group company stock in the last year include Burton M Goldfield, Edward Griese, H Raymond Bingham, Kenneth A Goldman, Martin Babinec, Michael P Murphy, Paul Edward Chamberlain, and Wayne B Lowell. View insider buying and selling activity for TriNet Group.

How do I buy shares of 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, Robinhood, Fidelity, and Charles Schwab.

What is TriNet Group's stock price today?

One share of TNET stock can currently be purchased for approximately $60.00.

How big of a company is TriNet Group?

TriNet Group has a market capitalization of $4.04 billion and generates $3.86 billion in revenue each year. The business services provider earns $212 million in net income (profit) each year or $2.90 on an earnings per share basis. TriNet Group employs 2,900 workers across the globe.

What is TriNet Group's official website?

The official website for TriNet Group is www.trinet.com.

How can I contact TriNet Group?

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]

This page was last updated on 7/13/2020 by MarketBeat.com Staff

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