TriNet Group, Inc. (NYSE:TNET – Get Free Report) announced a quarterly dividend on Monday, June 24th, Wall Street Journal reports. Shareholders of record on Monday, July 1st will be paid a dividend of 0.25 per share by the business services provider on Monday, July 22nd. This represents a $1.00 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date is Monday, July 1st.
TriNet Group Stock Performance
TriNet Group stock traded down $1.36 during midday trading on Tuesday, hitting $102.14. 282,842 shares of the company’s stock were exchanged, compared to its average volume of 262,340. The company has a debt-to-equity ratio of 6.88, a quick ratio of 1.06 and a current ratio of 1.06. TriNet Group has a 12-month low of $90.55 and a 12-month high of $134.67. The firm’s 50 day simple moving average is $107.84 and its 200 day simple moving average is $117.13. The stock has a market cap of $5.16 billion, a price-to-earnings ratio of 16.75 and a beta of 1.20.
TriNet Group (NYSE:TNET – Get Free Report) last posted its quarterly earnings data on Friday, April 26th. The business services provider reported $1.86 earnings per share for the quarter, missing analysts’ consensus estimates of $2.22 by ($0.36). TriNet Group had a net margin of 6.78% and a return on equity of 124.38%. The firm had revenue of $357.00 million during the quarter, compared to analyst estimates of $380.41 million. Equities research analysts predict that TriNet Group will post 4.82 EPS for the current year.
Insider Buying and Selling
Wall Street Analyst Weigh In
Several analysts recently issued reports on TNET shares. StockNews.com cut shares of TriNet Group from a “buy” rating to a “hold” rating in a report on Monday, April 29th. Needham & Company LLC cut their price target on shares of TriNet Group from $150.00 to $140.00 and set a “buy” rating on the stock in a report on Friday, April 26th. Finally, TD Cowen dropped their target price on shares of TriNet Group from $132.00 to $118.00 and set a “buy” rating on the stock in a report on Monday. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $113.83.
Get Our Latest Stock Report on TNET
About TriNet Group
TriNet Group, Inc provides comprehensive and flexible human capital management services for small and medium size businesses in the United States. The company offers multi-state payroll processing and tax administration; employee benefits programs, including health insurance and retirement plans; workers compensation insurance and claims management; employment and benefits law compliance; and other HR related services.
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