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TriNet Group (TNET)
NYSE:TNET
TriNet Group (TNET) Stock Price & Analysis
160 Followers
TNET Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$87.04 - $134.67
Previous Close$103.92
Volume184.51K
Average Volume (3M)242.03K
Market Cap
$5.25B
Enterprise Value$6.04B
Total Cash (Recent Filing)$352.00M
Total Debt (Recent Filing)$1.14B
Price to Earnings (P/E)17.0
Beta0.88
Next Earnings
Jul 23, 2024EPS Estimate
$1.26Last Dividend Ex-Date
Mar 29, 2024Dividend Yield0.24%
Share Statistics
EPS (TTM)6.10
Shares Outstanding50,563,849
10 Day Avg. Volume239,562
30 Day Avg. Volume242,027
Standard Deviation0.10
R-Squared0.35
Alpha0.00149
Financial Highlights & Ratios
Price to Book (P/B)-9.38
Price to Sales (P/S)4.22
Price to Cash Flow (P/CF)2.20
P/FCF Ratio2.30
Enterprise Value/Market CapN/A
Enterprise Value/Revenue1.27
Enterprise Value/Gross Profit3.52
Enterprise Value/Ebitda20.27
Forecast
1Y Price Target
$124.25Price Target Upside19.56% Upside
Rating ConsensusHold
Number of Analyst Covering4
TriNet Group News
PremiumPress Releases
TriNet Announces First Quarter 2024 Results
PremiumPre-Earnings
Is TNET a Buy, Before Earnings?
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 $87.03 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 Jul 23, 2024 which is in 66 days.
How were TriNet Group’s earnings last quarter?
TriNet Group released its earnings results on Apr 26, 2024. The company reported $2.16 earnings per share for the quarter, missing the consensus estimate of $2.401 by -$0.241.
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 0.24%. See more information on TriNet Group dividends here
What is TriNet Group’s EPS estimate?
TriNet Group’s EPS estimate is $1.26.
How many shares outstanding does TriNet Group have?
TriNet Group has 50,563,850 shares outstanding.
What happened to TriNet Group’s price movement after its last earnings report?
TriNet Group reported an EPS of $2.16 in its last earnings report, missing expectations of $2.401. Following the earnings report the stock price went down -16.611%.
Which hedge fund is a major shareholder of TriNet Group?
Among the largest hedge funds holding TriNet Group’s share is Bridgewater Associates, LP. It holds TriNet Group’s shares valued at 10M.
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TriNet Group Stock Smart Score
Neutral
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Analyst Consensus
Hold
Average Price Target:
$124.25 (19.56% Upside)
$124.25 (19.56% Upside)
Blogger Sentiment
Bullish
TNET Sentiment 100%
Sector Average 69%
Sector Average 69%
Hedge Fund Trend
Increased
By 37.0K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $5.6M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Positive
Last 7 Days ▼ 1.4%
Last 30 Days ▲ 8.7%
Last 30 Days ▲ 8.7%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Negative
20 days / 200 days
Momentum
13.23%
12-Months-Change
Fundamentals
Return on Equity
69.21%
Trailing 12-Months
Asset Growth
6.21%
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
Q1 2024
0:00 / 0:00
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TNET Stock 12 Month Forecast
Average Price Target
$124.25
▲(19.56% Upside)
Technical Analysis
Best Analysts Covering TNET
1 Year
1 Year Success Rate
17/20 ratings generated profit
1 Year Average Return
+32.20%
reiterated a buy rating 3 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 +32.20% per trade.
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