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TriNet Group (TNET)
NYSE:TNET
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TNET Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$91.59 - $134.67
Previous Close$97.98
Volume139.65K
Average Volume (3M)315.92K
Market Cap
$4.87B
Enterprise Value$5.72B
Total Cash (Recent Filing)$249.00M
Total Debt (Recent Filing)$1.10B
Price to Earnings (P/E)16.6
Beta0.80
Next Earnings
Oct 22, 2024EPS Estimate
$1.31Last Dividend Ex-Date
Jul 01, 2024Dividend Yield0.51%
Share Statistics
EPS (TTM)5.89
Shares Outstanding49,672,774
10 Day Avg. Volume239,300
30 Day Avg. Volume315,916
Standard Deviation0.10
R-Squared0.35
Alpha-0.00191
Financial Highlights & Ratios
Price to Book (P/B)48.68
Price to Sales (P/S)0.98
Price to Cash Flow (P/CF)-9.90
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue1.15
Enterprise Value/Gross Profit5.19
Enterprise Value/Ebitda12.55
Forecast
1Y Price Target
$122.00Price Target Upside24.52% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering3
TriNet Group News
PremiumCompany Announcements
TriNet Group Appoints New Chief Legal Officer and Secretary
PremiumPress Releases
TriNet Announces Second Quarter 2024 Results
Bulls Say, Bears Say
Bulls Say
Financial PerformanceStrong sales execution with ACV growing over 50% year-over-year indicates robust business expansion.
Investor ReturnDividend initiation and potential additional buybacks demonstrate the company's commitment to delivering shareholder value.
LeadershipMike Simonds' appointment as CEO, backed by his extensive experience, signals strong leadership poised to enhance company performance.
Bears Say
Earnings Performance1Q results missed Street expectations, largely due to higher insurance costs from higher pharmacy/medical claims costs.
Financial HealthThe higher insurance costs are seen as a temporary setback affecting profitability.
Management ChangeLongtime CEO announces retirement after 15+ years at helm, signaling a potential period of transition for TNET.
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Risk Analysis
Main Risk Category
Legal & RegulatoryLitigation, compliance, new legislation, and taxation risks
TNET FAQ
What was TriNet Group’s price range in the past 12 months?
TriNet Group lowest stock price was $91.59 and its highest was $134.67 in the past 12 months.
What is TriNet Group’s market cap?
Currently, no data Available
When is TriNet Group’s upcoming earnings report date?
TriNet Group’s upcoming earnings report date is Oct 22, 2024 which is in 34 days.
How were TriNet Group’s earnings last quarter?
TriNet Group released its earnings results on Jul 26, 2024. The company reported $1.53 earnings per share for the quarter, beating the consensus estimate of $1.281 by $0.249.
Is TriNet Group overvalued?
According to Wall Street analysts TriNet Group’s price is currently Undervalued.
Does TriNet Group pay dividends?
TriNet Group pays a Notavailable dividend of $0.25 which represents an annual dividend yield of 0.51%. See more information on TriNet Group dividends here
What is TriNet Group’s EPS estimate?
TriNet Group’s EPS estimate is $1.31.
How many shares outstanding does TriNet Group have?
TriNet Group has 49,672,775 shares outstanding.
What happened to TriNet Group’s price movement after its last earnings report?
TriNet Group reported an EPS of $1.53 in its last earnings report, beating expectations of $1.281. Following the earnings report the stock price went up 1.966%.
Which hedge fund is a major shareholder of TriNet Group?
Among the largest hedge funds holding TriNet Group’s share is Summit Street Capital Management, Llc. It holds TriNet Group’s shares valued at 6M.
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TriNet Group Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Moderate Buy
Average Price Target:
$122.00 (24.52% Upside)
$122.00 (24.52% Upside)
Blogger Sentiment
Bullish
TNET Sentiment 100%
Sector Average 68%
Sector Average 68%
Hedge Fund Trend
Decreased
By 71.9K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $1.2M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Negative
Last 7 Days ▼ 1.4%
Last 30 Days ▼ 4.7%
Last 30 Days ▼ 4.7%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-14.17%
12-Months-Change
Fundamentals
Return on Equity
61.48%
Trailing 12-Months
Asset Growth
12.55%
Trailing 12-Months
Company Description
TriNet Group
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 Company Deck
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TNET Earnings Call
Q2 2024
0:00 / 0:00
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TNET Stock 12 Month Forecast
Average Price Target
$122.00
▲(24.52% Upside)
Technical Analysis
Best Analysts Covering TNET
1 Year
1 Year Success Rate
17/20 ratings generated profit
1 Year Average Return
+32.05%
reiterated a buy rating 7 months ago
Copying David Grossman's trades and holding each position for 1 Year would result in 85.00% of your transactions generating a profit, with an average return of +32.05% per trade.
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