TriNet Group, Inc. (NYSE:TNET – Get Free Report)’s stock price reached a new 52-week high on Thursday after the company announced better than expected quarterly earnings. The stock traded as high as $73.07 and last traded at $71.9050, with a volume of 665158 shares traded. The stock had previously closed at $70.23.
The business services provider reported $1.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.62. The business had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.18 billion. TriNet Group had a return on equity of 219.54% and a net margin of 3.22%.During the same quarter last year, the firm posted $1.15 EPS. TriNet Group has set its FY 2026 guidance at 4.500-5.100 EPS.
TriNet Group Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, July 27th. Investors of record on Wednesday, July 1st were paid a $0.29 dividend. The ex-dividend date was Wednesday, July 1st. This represents a $1.16 dividend on an annualized basis and a yield of 1.6%. TriNet Group’s dividend payout ratio is 34.63%.
TriNet Group News Summary
- Positive Sentiment: Strong Q2 earnings beat: TriNet reported adjusted earnings of $1.55 per diluted share, up from $1.15 a year earlier and above the $0.93–$1.01 analyst estimates cited in the reports. GAAP earnings per diluted share rose 50% to $1.15. TriNet Announces Second Quarter 2026 Results and Raises FY26 Earnings Guidance
- Positive Sentiment: Full-year guidance raised: The company now expects fiscal 2026 adjusted EPS of $4.50 to $5.10, above the $4.34 consensus estimate. Revenue guidance was set at approximately $4.8 billion to $4.9 billion, also above the consensus figure reported in the releases. TriNet Announces Second Quarter 2026 Results and Raises FY26 Earnings Guidance
- Neutral Sentiment: Revenue met expectations: Second-quarter revenue was approximately $1.18 billion, essentially matching Wall Street expectations. The results indicate profitability, rather than sales growth, was the primary upside surprise. TriNet Group Beats Q2 Earnings and Revenue Estimates
- Neutral Sentiment: Analyst stance remains cautious: Truist Financial reiterated its Hold rating, suggesting the strong results and guidance increase have not yet changed that firm’s broader valuation view. Truist Financial Sticks to Its Hold Rating for TriNet Group
Analyst Upgrades and Downgrades
Several research firms have recently commented on TNET. UBS Group decreased their target price on TriNet Group from $62.00 to $48.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 5th. Truist Financial boosted their price target on TriNet Group from $50.00 to $62.00 and gave the company a “hold” rating in a research note on Wednesday, July 22nd. TD Cowen upped their price objective on TriNet Group from $46.00 to $49.00 and gave the company a “hold” rating in a report on Friday, June 26th. Zacks Research lowered TriNet Group from a “strong-buy” rating to a “hold” rating in a report on Friday, July 3rd. Finally, JPMorgan Chase & Co. increased their price objective on TriNet Group from $43.00 to $45.00 and gave the stock an “underweight” rating in a research report on Friday, May 1st. One research analyst has rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $55.80.
Read Our Latest Stock Report on TriNet Group
Insider Activity
In other TriNet Group news, SVP Anthony Shea Treadway sold 933 shares of the stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $43.46, for a total transaction of $40,548.18. Following the transaction, the senior vice president owned 67,678 shares in the company, valued at $2,941,285.88. This represents a 1.36% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 40.00% of the stock is currently owned by insiders.
Hedge Funds Weigh In On TriNet Group
Hedge funds have recently added to or reduced their stakes in the stock. Caitong International Asset Management Co. Ltd lifted its position in shares of TriNet Group by 160.3% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 479 shares of the business services provider’s stock valued at $28,000 after acquiring an additional 295 shares during the period. Aster Capital Management DIFC Ltd bought a new stake in TriNet Group during the fourth quarter worth about $28,000. Quarry LP grew its stake in TriNet Group by 524.7% during the third quarter. Quarry LP now owns 456 shares of the business services provider’s stock worth $31,000 after buying an additional 383 shares in the last quarter. Essential Partners LLC increased its holdings in TriNet Group by 427.4% in the 1st quarter. Essential Partners LLC now owns 944 shares of the business services provider’s stock valued at $34,000 after buying an additional 765 shares during the period. Finally, Cache Advisors LLC acquired a new position in shares of TriNet Group in the 1st quarter valued at approximately $36,000. Institutional investors own 96.81% of the company’s stock.
TriNet Group Stock Performance
The stock’s fifty day moving average price is $51.54 and its two-hundred day moving average price is $46.81. The company has a market cap of $3.30 billion, a P/E ratio of 21.46 and a beta of 0.99. The company has a debt-to-equity ratio of 10.80, a quick ratio of 1.12 and a current ratio of 1.12.
About TriNet Group
TriNet Group, Inc is a leading professional employer organization (PEO) that offers integrated human capital management solutions to small and medium-size businesses. Through a bundled suite of services, TriNet manages payroll administration, employee benefits, workers’ compensation, risk mitigation and federal and state compliance. Its cloud-based platform provides clients with centralized access to HR tools, analytics and streamlined workforce management capabilities.
Founded in 1988 and headquartered in Dublin, California, TriNet has grown to support thousands of organizations across the United States.
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