Media coverage about TriNet Group (NYSE:TNET) has trended positive this week, AlphaOne reports. The research firm, a unit of Accern, rates the sentiment of news coverage by monitoring more than twenty million blog and news sources in real time. AlphaOne ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. TriNet Group earned a daily sentiment score of 0.39 on AlphaOne’s scale. AlphaOne also assigned media stories about the business services provider an impact score of 100 out of 100, meaning that recent news coverage is extremely likely to have an impact on the company’s share price in the next several days.
These are some of the news articles that may have impacted AlphaOne’s analysis:
- TriNet Group Inc (TNET) Expected to Post Quarterly Sales of $178.12 Million (americanbankingnews.com)
- TriNet Group, Inc. breached its 50 day moving average in a Bullish Manner : TNET-US : April 19, 2017 (finance.yahoo.com)
- TriNet Group (TNET) Earning Very Favorable News Coverage, Report Shows (americanbankingnews.com)
- Zacks: Brokerages Expect TriNet Group Inc (TNET) to Post $0.26 Earnings Per Share (americanbankingnews.com)
- TriNet Group (TNET) Earns News Impact Rating of 0.48 (americanbankingnews.com)
Shares of TriNet Group (NYSE:TNET) traded up 3.19% during trading on Thursday, hitting $28.45. 83,030 shares of the stock traded hands. The firm’s 50-day moving average price is $28.65 and its 200-day moving average price is $25.02. TriNet Group has a 52 week low of $15.64 and a 52 week high of $30.17. The company has a market cap of $1.94 billion, a price-to-earnings ratio of 33.47 and a beta of 3.01.
TriNet Group (NYSE:TNET) last released its quarterly earnings results on Tuesday, February 28th. The business services provider reported $0.38 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.02. TriNet Group had a return on equity of 270.14% and a net margin of 1.77%. The firm had revenue of $811.10 million for the quarter, compared to analyst estimates of $168.19 million. During the same quarter in the previous year, the company posted $0.31 EPS. The business’s revenue was up 11.8% on a year-over-year basis. On average, equities research analysts anticipate that TriNet Group will post $1.37 earnings per share for the current year.
Several research analysts recently commented on TNET shares. TheStreet upgraded shares of TriNet Group from a “c” rating to a “b” rating in a report on Monday, March 27th. Zacks Investment Research upgraded shares of TriNet Group from a “hold” rating to a “buy” rating and set a $32.00 price objective on the stock in a research note on Wednesday, March 8th. Deutsche Bank AG lowered shares of TriNet Group from a “buy” rating to a “hold” rating and set a $30.00 price objective on the stock. in a research note on Wednesday. Finally, Stifel Nicolaus reiterated a “buy” rating on shares of TriNet Group in a research note on Friday, April 14th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $26.29.
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In other TriNet Group news, CEO Burton M. Goldfield sold 25,800 shares of the company’s stock in a transaction dated Thursday, April 13th. The stock was sold at an average price of $28.05, for a total value of $723,690.00. Following the sale, the chief executive officer now owns 14,134 shares in the company, valued at approximately $396,458.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider William Porter sold 12,000 shares of the business’s stock in a transaction dated Friday, February 3rd. The shares were sold at an average price of $24.95, for a total value of $299,400.00. Following the completion of the transaction, the insider now directly owns 507,924 shares in the company, valued at $12,672,703.80. The disclosure for this sale can be found here. Insiders sold a total of 202,370 shares of company stock worth $5,711,978 in the last quarter. Corporate insiders own 42.40% of the company’s stock.
TriNet Group Company Profile
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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