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NYSE:TNET

TriNet Group - TNET Stock Forecast, Price & News

$76.04
+0.96 (+1.28%)
(As of 01/26/2023 12:00 AM ET)
Add
Compare
Today's Range
$75.13
$76.06
50-Day Range
$62.81
$76.11
52-Week Range
$60.60
$103.36
Volume
275,644 shs
Average Volume
314,456 shs
Market Capitalization
$4.73 billion
P/E Ratio
13.09
Dividend Yield
N/A
Price Target
$79.50

TriNet Group MarketRank™ Forecast

Analyst Rating
Hold
1.75 Rating Score
Upside/​Downside
4.6% Upside
$79.50 Price Target
Short Interest
Bearish
2.37% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
1.16mentions of TriNet Group in the last 14 days
Based on 7 Articles This Week
Insider Trading
Selling Shares
$1.99 M Sold Last Quarter
Proj. Earnings Growth
-24.64%
From $5.52 to $4.16 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.63 out of 5 stars

Business Services Sector

289th out of 324 stocks

Business Services, Not Elsewhere Classified Industry

85th out of 99 stocks


TNET stock logo

About TriNet Group (NYSE:TNET) Stock

TriNet Group, Inc. provides human resources solutions including industry solutions to small and mid sized businesses. Its services include payroll processing tax administration, employee benefits and a human resource technology platform with online and mobile tools and also employee onboarding and termination, compensation reporting, expense management, and benefits enrollment and administration. The company was founded by Martin Babinec in 1988 and is headquartered in Dublin, CA.

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TNET Stock News Headlines

Stocks News Announcement
Don't miss this update. Read the press release about Small Pharma.
Top TriNet Competitors (2022 Comparison)
TriNet Announces Two Key Executive Appointments
Stocks News Announcement
Don't miss this update. Read the press release about Small Pharma.
TriNet Announces Third Quarter 2022 Results
Trinet Group's Earnings Outlook
TriNet Group, Inc. (TNET)
See More Headlines
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TNET Company Calendar

Last Earnings
10/24/2021
Today
1/26/2023
Next Earnings (Confirmed)
2/15/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Business services, not elsewhere classified
Sub-Industry
N/A
Employees
2,800
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$79.50
High Stock Price Forecast
$96.00
Low Stock Price Forecast
$67.00
Forecasted Upside/Downside
+4.6%
Consensus Rating
Hold
Rating Score (0-4)
1.75
Research Coverage
4 Analysts

Profitability

Net Income
$338 million
Pretax Margin
10.32%

Debt

Sales & Book Value

Annual Sales
$4.54 billion
Cash Flow
$6.59 per share
Book Value
$13.40 per share

Miscellaneous

Free Float
36,965,000
Market Cap
$4.73 billion
Optionable
Optionable
Beta
1.12

Key Executives

  • Burton M. GoldfieldBurton M. Goldfield
    President & Chief Executive Officer
  • Tom Rose
    Senior VP-Customer Success & Operations
  • Kelly Lee Groh
    Executive VP, Chief Financial & Accounting Officer
  • Jay Venkat
    Chief Digital & Innovation Officer
  • Jeffery Hayward
    Chief Technology Officer













TNET Stock - Frequently Asked Questions

Should I buy or sell TriNet Group stock right now?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for TriNet Group in the last year. There are currently 1 sell rating and 3 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" TNET shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in TNET, but not buy additional shares or sell existing shares.
View TNET analyst ratings
or view top-rated stocks.

What is TriNet Group's stock price forecast for 2023?

4 brokerages have issued 12-month price targets for TriNet Group's stock. Their TNET share price forecasts range from $67.00 to $96.00. On average, they anticipate the company's stock price to reach $79.50 in the next year. This suggests a possible upside of 4.6% from the stock's current price.
View analysts price targets for TNET
or view top-rated stocks among Wall Street analysts.

How have TNET shares performed in 2023?

TriNet Group's stock was trading at $67.80 at the start of the year. Since then, TNET stock has increased by 12.2% and is now trading at $76.04.
View the best growth stocks for 2023 here
.

Are investors shorting TriNet Group?

TriNet Group saw a increase in short interest in the month of December. As of December 30th, there was short interest totaling 1,380,000 shares, an increase of 25.5% from the December 15th total of 1,100,000 shares. Based on an average daily volume of 313,000 shares, the days-to-cover ratio is currently 4.4 days. Currently, 2.4% of the company's shares are sold short.
View TriNet Group's Short Interest
.

When is TriNet Group's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 15th 2023.
View our TNET earnings forecast
.

How were TriNet Group's earnings last quarter?

TriNet Group, Inc. (NYSE:TNET) released its quarterly earnings data on Sunday, October, 24th. The business services provider reported $1.31 EPS for the quarter, beating analysts' consensus estimates of $0.79 by $0.52. The business services provider earned $1.10 billion during the quarter, compared to analysts' expectations of $246.40 million. TriNet Group had a net margin of 7.71% and a trailing twelve-month return on equity of 51.00%. The firm's revenue was up 12.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.43 EPS.

What guidance has TriNet Group issued on next quarter's earnings?

TriNet Group issued an update on its fourth quarter 2022 earnings guidance on Tuesday, November, 1st. The company provided earnings per share guidance of 0-$0.50 for the period, compared to the consensus EPS estimate of $0.72. The company issued revenue guidance of $1.21 billion-$1.23 billion, compared to the consensus revenue estimate of $1.29 billion.

What is Burton M. Goldfield's approval rating as TriNet Group's CEO?

429 employees have rated TriNet Group Chief Executive Officer Burton M. Goldfield on Glassdoor.com. Burton M. Goldfield has an approval rating of 80% among the company's employees.

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), Home Depot (HD), Tesla (TSLA), Advanced Micro Devices (AMD), Walt Disney (DIS), Micron Technology (MU), Netflix (NFLX), Block (SQ), Verizon Communications (VZ) and Applied Materials (AMAT).

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 retail and institutional investors. Top institutional shareholders include Reinhart Partners Inc. (0.63%), Wedge Capital Management L L P NC (0.17%), Osborne Partners Capital Management LLC (0.13%), Congress Asset Management Co. MA (0.08%), Comerica Bank (0.05%) and Allspring Global Investments Holdings LLC (0.05%). Insiders that own company stock include Alexander G Warren, Barrett Boston, Burton M Goldfield, Burton M Goldfield, Edward Griese, H Raymond Bingham, Jonathan D Lee, Katherine August-Dewilde, Kenneth A Goldman, LP Agi-T, Martin Babinec, Michael P Murphy, Olivier Kohler, Paul Edward Chamberlain, Ralph A Clark, Samantha Wellington, Stephen Davis and Wayne B Lowell.
View institutional ownership trends
.

How do I buy shares of TriNet Group?

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

What is TriNet Group's stock price today?

One share of TNET stock can currently be purchased for approximately $76.04.

How much money does TriNet Group make?

TriNet Group (NYSE:TNET) has a market capitalization of $4.73 billion and generates $4.54 billion in revenue each year. The business services provider earns $338 million in net income (profit) each year or $5.81 on an earnings per share basis.

How many employees does TriNet Group have?

The company employs 2,800 workers across the globe.

How can I contact TriNet Group?

TriNet Group's mailing address is ONE PARK PLACE SUITE 600, DUBLIN CA, 94568. The official website for the company is www.trinet.com. The business services provider can be reached via phone at (510) 352-5000, via email at investorrelations@trinet.com, or via fax at 510-352-6480.

This page (NYSE:TNET) was last updated on 1/26/2023 by MarketBeat.com Staff