TriNet Group - TNET Stock Forecast, Price & News

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.
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4 analysts have issued 12 month target prices for TriNet Group's stock. Their TNET share price forecasts range from $70.00 to $96.00. On average, they anticipate the company's stock price to reach $81.25 in the next twelve months. This suggests a possible upside of 6.1% from the stock's current price.
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TriNet Group's stock was trading at $67.80 at the beginning of the year. Since then, TNET shares have increased by 13.0% and is now trading at $76.61.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 25th 2023.
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TriNet Group, Inc. (NYSE:TNET) announced its quarterly earnings results on Wednesday, February, 15th. The business services provider reported $0.91 earnings per share for the quarter, topping analysts' consensus estimates of $0.13 by $0.78. The business services provider earned $310 million during the quarter, compared to analyst estimates of $250.09 million. TriNet Group had a net margin of 7.31% and a trailing twelve-month return on equity of 52.06%.

ETFs with the largest weight of TriNet Group (NYSE:TNET) stock in their portfolio include SRH U.S. Quality ETF (SRHQ), Janus Henderson Small Cap Growth Alpha ETF (JSML), Distillate Small/Mid Cash Flow ETF (DSMC), First Trust Active Factor Mid Cap ETF (AFMC), Gotham 1000 Value ETF (GVLU), Nuveen ESG Small-Cap ETF (NUSC), Janus Henderson Small/Mid Cap Growth Alpha ETF (JSMD) and First Trust Mid Cap Value AlphaDEX Fund (FNK).

TriNet Group issued an update on its first quarter 2023 earnings guidance on Wednesday, February, 15th. The company provided EPS guidance of $1.70-$2.20 for the period, compared to the consensus EPS estimate of $1.76. The company issued revenue guidance of $1.23 billion-$1.24 billion, compared to the consensus revenue estimate of $1.33 billion.

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.

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).

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

TriNet Group's stock is owned by many different institutional and retail investors. Top institutional investors include Cantillon Capital Management LLC (5.59%), Mawer Investment Management Ltd. (4.25%), Dimensional Fund Advisors LP (2.18%), ArrowMark Colorado Holdings LLC (2.12%), Geode Capital Management LLC (1.18%) and Fuller & Thaler Asset Management Inc. (1.01%). 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, Martin Babinec, Michael P Murphy, Olivier Kohler, Paul Edward Chamberlain, Ralph A Clark, Samantha Wellington, Stephen Davis and Wayne B Lowell.
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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.
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One share of TNET stock can currently be purchased for approximately $76.61.

TriNet Group (NYSE:TNET) has a market capitalization of $4.60 billion and generates $4.89 billion in revenue each year. The business services provider earns $355 million in net income (profit) each year or $5.56 on an earnings per share basis.

The company employs 3,600 workers across the globe.

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.