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

TriNet Group's stock was trading at $50.09 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, TNET stock has decreased by 24.8% and is now trading at $37.66. View which stocks have been mosted impacted by Coronavirus.

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.

TriNet Group is scheduled to release its next quarterly earnings announcement on Monday, May 4th 2020. View our earnings forecast for TriNet Group.

TriNet Group Inc (NYSE:TNET) posted its quarterly earnings data on Thursday, February, 13th. The business services provider reported $0.84 EPS for the quarter, hitting the Thomson Reuters' consensus estimate of $0.84. The business services provider earned $226 million during the quarter, compared to the consensus estimate of $225.73 million. TriNet Group had a return on equity of 45.67% and a net margin of 5.50%. View TriNet Group's earnings history.

TriNet Group updated its first quarter earnings guidance on Thursday, February, 13th. The company provided EPS guidance of $0.86-$1.04 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.92. The company issued revenue guidance of $276-$278.6, compared to the consensus revenue estimate of $264.33 million.

3 Wall Street analysts have issued 12 month price targets for TriNet Group's stock. Their forecasts range from $52.00 to $80.00. On average, they anticipate TriNet Group's stock price to reach $66.00 in the next twelve months. This suggests a possible upside of 75.3% from the stock's current price. View analysts' price targets for TriNet Group.

News headlines about TNET stock have trended very negative on Wednesday, InfoTrie Sentiment reports. InfoTrie rates the sentiment of news coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. TriNet Group earned a media sentiment score of -3.0 on InfoTrie's scale. They also assigned news coverage about the business services provider a news buzz of 4.0 out of 10, meaning that recent news coverage is somewhat unlikely to have an effect on the company's share price in the near future. View the latest news aboutTriNet Group.

TriNet Group saw a increase in short interest during the month of March. As of March 13th, there was short interest totaling 2,501,300 shares, an increase of 14.2% from the February 27th total of 2,190,000 shares. Based on an average daily trading volume, of 421,900 shares, the days-to-cover ratio is currently 5.9 days. Approximately 4.0% of the shares of the stock are sold short. View TriNet Group's Current Options Chain.

Some companies that are related to TriNet Group include Broadridge Financial Solutions (BR), Fair Isaac (FICO), LYFT (LYFT), The Western Union (WU), Zillow Group (Z), Zillow Group (ZG), Nielsen (NLSN), WEX (WEX), Etsy (ETSY), CDK Global (CDK), Healthequity (HQY), GrubHub (GRUB), Ritchie Bros. Auctioneers (RBA), MAXIMUS (MMS) and Envestnet (ENV).

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), Intel (INTC), Gilead Sciences (GILD), Boeing (BA), Insperity (NSP), Comcast (CMCSA) and QUALCOMM (QCOM).

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

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.

One share of TNET stock can currently be purchased for approximately $37.66.

TriNet Group has a market capitalization of $2.59 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. View additional information about TriNet Group.

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]