TriNet Group (TNET) Earns Coverage Optimism Rating of 0.14
News stories about TriNet Group (NYSE:TNET) have been trending somewhat positive this week, Accern Sentiment reports. Accern ranks the sentiment of media coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. TriNet Group earned a coverage optimism score of 0.14 on Accern’s scale. Accern also assigned media headlines about the business services provider an impact score of 46.2240453605337 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the media headlines that may have impacted Accern Sentiment Analysis’s analysis:
- Brokerages Anticipate TriNet Group, Inc. (TNET) Will Announce Quarterly Sales of $198.33 Million (americanbankingnews.com)
- TriNet Group Inc.: TriNet Announces Dismissal of Federal Securities Class Action (twst.com)
- ETFs with exposure to TriNet Group, Inc. : December 20, 2017 (finance.yahoo.com)
- Investor Interest Amplifies Stock EV For TriNet Group, Inc. (NYSE:TNET) – Clawson News (clawsonnews.com)
- Shares Seesawing on Volume: Trinet Group Inc (TNET) and Oshkosh Truck Corp (OSK) – Clawson News (clawsonnews.com)
TriNet Group (NYSE TNET) traded up $0.09 during trading on Friday, hitting $43.68. The company’s stock had a trading volume of 154,942 shares, compared to its average volume of 328,933. The company has a market cap of $3,028.86, a P/E ratio of 23.11 and a beta of 3.02. TriNet Group has a 1-year low of $24.09 and a 1-year high of $45.11. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 3.00.
TriNet Group (NYSE:TNET) last released its quarterly earnings results on Thursday, November 2nd. The business services provider reported $0.56 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.30. The business had revenue of $205.90 million during the quarter, compared to the consensus estimate of $174.89 million. TriNet Group had a return on equity of 156.96% and a net margin of 4.15%. The business’s quarterly revenue was up 27.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.29 EPS. equities research analysts forecast that TriNet Group will post 1.77 EPS for the current fiscal year.
Several equities research analysts recently commented on the company. BidaskClub downgraded TriNet Group from a “buy” rating to a “hold” rating in a report on Thursday, September 14th. Zacks Investment Research upgraded TriNet Group from a “sell” rating to a “strong-buy” rating and set a $47.00 price target for the company in a research note on Thursday, November 9th. Finally, Morgan Stanley boosted their price target on TriNet Group from $31.00 to $32.00 and gave the company an “underweight” rating in a research note on Friday, November 3rd. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. TriNet Group has a consensus rating of “Hold” and a consensus price target of $38.00.
In related news, insider Michael P. Murphy sold 631 shares of the business’s stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $42.40, for a total transaction of $26,754.40. Following the completion of the transaction, the insider now directly owns 12,553 shares in the company, valued at approximately $532,247.20. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Martin Babinec sold 36,500 shares of the business’s stock in a transaction that occurred on Thursday, October 5th. The shares were sold at an average price of $34.91, for a total value of $1,274,215.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 183,155 shares of company stock valued at $7,356,907. Corporate insiders own 42.40% of the company’s stock.
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About TriNet Group
TriNet Group, Inc is a provider of human resources (HR) solutions for small to medium-sized businesses (SMBs). The Company’s HR solutions include services, such as 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.
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