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Trinet Group

TriNet offers outsourced payroll and human capital management solutions for small and midsize businesses via a professional employer organization model. Under the PEO model, TriNet enters a co-employment arrangement and acts as the employer of record for administrative and regulatory purposes for clients' employees, known as worksite employees. Clients leverage the scale and expertise of TriNet to access competitive employee benefits, share employment risk liability, access compliance support, and outsource mission-critical day-to-day HR functions such as payroll and tax administration. Following the acquisition of Zenefits and Clarus R+D in 2022, TriNet derives the minority of its revenue from self-service HCM software and R&D tax credit services.

Trinet Group Inc

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TNET

Shares of professional service companies are trading higher after Donald Trump won the 2024 presidential election.

TD Cowen analyst Jared Levine maintains Trinet Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TNET#NYSE">TNET</a>) with a Buy and lowers the price target from $110 to $92.

News

Price Target

Analyst Ratings

TD Cowen Maintains Buy on Trinet Group, Lowers Price Target to $92

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>Morgan Stanley analyst Meta Marshall downgraded the rating for Ciena Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CIEN#NYSE">CIEN</a>) from Overweight to Equal-Weight and maintained the price target of $63. Ciena shares closed at $64.12 on Friday. <a href="https://www.benzinga.com/quote/ciwn/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Morgan Stanley analyst Joseph Moore downgraded GLOBALFOUNDRIES Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GFS#NASDAQ">GFS</a>) from Overweight to Equal-Weight and slashed the price target from $53 to $43. GLOBALFOUNDRIES shares closed at $40.40 on Friday. <a href="https://www.benzinga.com/quote/GFFS/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Janney Montgomery Scott analyst Feddie Strickland downgraded the rating for WSFS Financial Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WSFS#NASDAQ">WSFS</a>) from Buy to Neutral. WSFS Financial shares closed at $49.10 on Friday. <a href="https://www.benzinga.com/quote/WSFS/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Needham analyst Kyle Peterson downgraded TriNet Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TNET#NYSE">TNET</a>) from Buy to Hold and maintained the price target of $140. Trinet shares closed at $80.31 on Friday. <a href="https://www.benzinga.com/quote/TNET/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Stifel analyst Mark Astrachan downgraded the rating for Colgate-Palmolive Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CL#NYSE">CL</a>) from Buy to Hold and lowered the price target from $105 to $101. Colgate-Palmolive shares closed at $95.61 on Friday. <a href="https://www.benzinga.com/quote/CL/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
Considering buying CL stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="538" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/28092552/image-276-1024x538.png" alt="" class="wp-image-617112" style="width:643px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/28092552/image-276-1024x538.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/28092552/image-276-300x158.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/28092552/image-276-768x404.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/28092552/image-276.png 1221w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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Downgrades

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This Colgate-Palmolive Analyst Is No Longer Bullish; Here Are Top 5 Downgrades For Monday

Needham analyst Kyle Peterson downgrades Trinet Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TNET#NYSE">TNET</a>) from Buy to Hold and maintains the price target from $140 to $140.

Needham Downgrades Trinet Group to Hold, Maintains Price Target to $140

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<li>AgEagle Aerial Sys (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/UAVS#AMEX">UAVS</a>) stock increased by 26.7% to $2.18 during Friday's regular session. The company's market cap stands at $1.8 million. </li>
<li>Nocera (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NCRA#NASDAQ">NCRA</a>) stock increased by 21.78% to $1.23. The market value of their outstanding shares is at $16.7 million. </li>
<li>Spirit Airlines (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAVE#NYSE">SAVE</a>) shares moved upwards by 20.66% to $2.92. The company's market cap stands at $319.8 million. </li>
<li>Expion360 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XPON#NASDAQ">XPON</a>) shares rose 20.31% to $4.24. The market value of their outstanding shares is at $2.3 million. </li>
<li>Safe &amp; Green Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SGBX#NASDAQ">SGBX</a>) stock moved upwards by 15.11% to $1.21. The company's market cap stands at $2.4 million. </li>
<li>Primega Group Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PGHL#NASDAQ">PGHL</a>) shares rose 10.28% to $19.64. The market value of their outstanding shares is at $471.4 million. </li>
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<h3>Losers</h3>
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<li>1847 Holdings (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/EFSH#AMEX">EFSH</a>) shares fell 41.8% to $1.97 during Friday's regular session. The market value of their outstanding shares is at $1.3 million. </li>
<li>Pixie Dust Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PXDT#NASDAQ">PXDT</a>) shares declined by 41.74% to $0.6. The company's market cap stands at $8.9 million. </li>
<li>Zoomcar Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZCAR#NASDAQ">ZCAR</a>) shares decreased by 22.65% to $6.17. The market value of their outstanding shares is at $4.6 million. </li>
<li>Trinet Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TNET#NYSE">TNET</a>) stock decreased by 17.24% to $75.84. The company's market cap stands at $3.7 billion. As per the press release, Q3 earnings came out today. </li>
<li>Jet AI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JTAI#NASDAQ">JTAI</a>) shares declined by 16.14% to $0.07. The market value of their outstanding shares is at $5.7 million. </li>
<li>Click Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLIK#NASDAQ">CLIK</a>) stock declined by 15.43% to $1.7. The market value of their outstanding shares is at $25.3 million. 
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

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12 Industrials Stocks Moving In Friday's Intraday Session

Trinet Group shares are trading lower after the company reported worse-than-expected Q3 financial results.

Earnings

Earnings Misses

Trinet Group Q3 2024 Adj. EPS $1.17 Misses $1.31 Estimate, Sales $1.237B Miss $1.242B Estimate

Trinet Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TNET#NYSE">TNET</a>) is gearing up to announce its quarterly earnings on Friday, 2024-10-25. Here's a quick overview of what investors should know before the release.
Analysts are estimating that Trinet Group will report an earnings per share (EPS) of $1.31.
Investors in Trinet Group are eagerly awaiting the company's announcement, hoping for news of surpassing estimates and positive guidance for the next quarter.
It's worth noting for new investors that stock prices can be heavily influenced by future projections rather than just past performance.
<h3>Earnings History Snapshot</h3>
The company's EPS beat by $0.25 in the last quarter, leading to a 0.0% drop in the share price on the following day.
Here's a look at Trinet Group's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>1.28</td>
<td>2.46</td>
<td>1.19</td>
<td>1.39</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>1.53</td>
<td>2.16</td>
<td>1.60</td>
<td>1.91</td>
</tr>
<tr>
<td>Price Change %</td>
<td>2.0%</td>
<td>-17.0%</td>
<td>8.0%</td>
<td>1.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1729778492_0.png" alt="eps graph" />
<h3>Trinet Group Share Price Analysis</h3>
Shares of Trinet Group were trading at $93.31 as of October 23. Over the last 52-week period, shares are down 10.92%. Given that these returns are generally negative, long-term shareholders are likely bearish going into this earnings release. 
<h3>Insights Shared by Analysts on Trinet Group</h3>
For investors, staying informed about market sentiments and expectations in the industry is paramount. This analysis provides an exploration of the latest insights on Trinet Group.
A total of 4 analyst ratings have been received for Trinet Group, with the consensus rating being Buy. The average one-year price target stands at $121.5, suggesting a potential 30.21% upside.
<h3>Comparing Ratings with Peers</h3>
In this comparison, we explore the analyst ratings and average 1-year price targets of Alight, Insperity and ManpowerGroup, three prominent industry players, offering insights into their relative performance expectations and market positioning.
<ul>
<li>The prevailing sentiment among analysts is an Buy trajectory for Alight, with an average 1-year price target of $9.4, implying a potential 89.93% downside.</li>
<li>For Insperity, analysts project an Underperform trajectory, with an average 1-year price target of $90.0, indicating a potential 3.55% downside.</li>
<li>ManpowerGroup is maintaining an Neutral status according to analysts, with an average 1-year price target of $72.0, indicating a potential 22.84% downside.</li>
</ul>
<h3>Peers Comparative Analysis Summary</h3>
In the peer analysis summary, key metrics for Alight, Insperity and ManpowerGroup are highlighted, providing an understanding of their respective standings within the industry and offering insights into their market positions and comparative performance.

<table>
<thead>
<tr>
<th>Company</th>
<th>Consensus</th>
<th>Revenue Growth</th>
<th>Gross Profit</th>
<th>Return on Equity</th>
</tr>
</thead>
<tbody>
<tr>
<td>Trinet Group</td>
<td>Buy</td>
<td>1.41%</td>
<td>$235M</td>
<td>49.38%</td>
</tr>
<tr>
<td>Alight</td>
<td>Buy</td>
<td>-4.10%</td>
<td>$167M</td>
<td>0.51%</td>
</tr>
<tr>
<td>Insperity</td>
<td>Underperform</td>
<td>1.26%</td>
<td>$260M</td>
<td>12.77%</td>
</tr>
<tr>
<td>ManpowerGroup</td>
<td>Neutral</td>
<td>0.21%</td>
<td>$785.90M</td>
<td>1.06%</td>
</tr>
</tbody>
</table>

Key Takeaway:
Trinet Group ranks highest in Gross Profit and Return on Equity among its peers. It is in the middle for Revenue Growth.
<h3>Delving into Trinet Group's Background</h3>
TriNet offers outsourced payroll and human capital management solutions for small and midsize businesses via a professional employer organization model. Under the PEO model, TriNet enters a co-employment arrangement and acts as the employer of record for administrative and regulatory purposes for clients' employees, known as worksite employees. Clients leverage the scale and expertise of TriNet to access competitive employee benefits, share employment risk liability, access compliance support, and outsource mission-critical day-to-day HR functions such as payroll and tax administration. Following the acquisition of Zenefits and Clarus R+D in 2022, TriNet derives the minority of its revenue from self-service HCM software and R&amp;D tax credit services.
<h3>Financial Milestones: Trinet Group's Journey</h3>
Market Capitalization Analysis: Reflecting a smaller scale, the company's market capitalization is positioned below industry averages. This could be attributed to factors such as growth expectations or operational capacity.
Revenue Growth: Trinet Group's revenue growth over a period of 3 months has been noteworthy. As of 30 June, 2024, the company achieved a revenue growth rate of approximately 1.41%. This indicates a substantial increase in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Industrials sector.
Net Margin: Trinet Group's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 4.89% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): Trinet Group's ROE excels beyond industry benchmarks, reaching 49.38%. This signifies robust financial management and efficient use of shareholder equity capital.
Return on Assets (ROA): Trinet Group's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 1.56% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: Trinet Group's debt-to-equity ratio is notably higher than the industry average. With a ratio of 11.05, the company relies more heavily on borrowed funds, indicating a higher level of financial risk.
<a href="https://www.benzinga.com/quote/TNET/earnings">To track all earnings releases for Trinet Group visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings Outlook For Trinet Group

Trinet Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TNET#NYSE">TNET</a>) underwent analysis by 4 analysts in the last quarter, revealing a spectrum of viewpoints from bullish to bearish.
The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Insights from analysts' 12-month price targets are revealed, presenting an average target of $121.5, a high estimate of $140.00, and a low estimate of $103.00. Observing a downward trend, the current average is 0.82% lower than the prior average price target of $122.50. 
<img src="https://www.benzinga.com/files/images/story/2024/1729602008_0.png" alt="price target chart" />
<h2>Deciphering Analyst Ratings: An In-Depth Analysis</h2>
In examining recent analyst actions, we gain insights into how financial experts perceive Trinet Group. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Tien-Tsin Huang</td>
<td>JP Morgan</td>
<td>Maintains</td>
<td>Underweight</td>
<td>$103.00</td>
<td>$103.00</td>
</tr>
<tr>
<td>Kyle Peterson</td>
<td>Needham</td>
<td>Maintains</td>
<td>Buy</td>
<td>$140.00</td>
<td>$140.00</td>
</tr>
<tr>
<td>Tien-Tsin Huang</td>
<td>JP Morgan</td>
<td>Lowers</td>
<td>Underweight</td>
<td>$103.00</td>
<td>$107.00</td>
</tr>
<tr>
<td>Kyle Peterson</td>
<td>Needham</td>
<td>Maintains</td>
<td>Buy</td>
<td>$140.00</td>
<td>$140.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Trinet Group. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li>Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Trinet Group compared to the broader market.</li>
<li>Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of Trinet Group's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of Trinet Group's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/TNET/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Trinet Group analyst ratings.</a>
<h2>All You Need to Know About Trinet Group</h2>
TriNet offers outsourced payroll and human capital management solutions for small and midsize businesses via a professional employer organization model. Under the PEO model, TriNet enters a co-employment arrangement and acts as the employer of record for administrative and regulatory purposes for clients' employees, known as worksite employees. Clients leverage the scale and expertise of TriNet to access competitive employee benefits, share employment risk liability, access compliance support, and outsource mission-critical day-to-day HR functions such as payroll and tax administration. Following the acquisition of Zenefits and Clarus R+D in 2022, TriNet derives the minority of its revenue from self-service HCM software and R&amp;D tax credit services.
<h3>Financial Milestones: Trinet Group's Journey</h3>
Market Capitalization: With restricted market capitalization, the company is positioned below industry averages. This reflects a smaller scale relative to peers.
Revenue Growth: Trinet Group displayed positive results in 3 months. As of 30 June, 2024, the company achieved a solid revenue growth rate of approximately 1.41%. This indicates a notable increase in the company's top-line earnings. When compared to others in the Industrials sector, the company excelled with a growth rate higher than the average among peers.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 4.89%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 49.38%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): Trinet Group's ROA stands out, surpassing industry averages. With an impressive ROA of 1.56%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: The company faces challenges in debt management with a debt-to-equity ratio higher than the industry average. With a ratio of 11.05, caution is advised due to increased financial risk.
<h2>Analyst Ratings: Simplified</h2>
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter. 
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Expectations For Trinet Group's Future

JP Morgan analyst Tien-Tsin Huang assumes Trinet Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TNET#NYSE">TNET</a>) with a Underweight rating and maintains Price Target of $103.

Initiation

JP Morgan Assumes Trinet Group at Underweight, Maintains Price Target of $103

In the latest quarter, 4 analysts provided ratings for Trinet Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TNET#NYSE">TNET</a>), showcasing a mix of bullish and bearish perspectives.
The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $125.25, a high estimate of $140.00, and a low estimate of $103.00. Highlighting a 3.47% decrease, the current average has fallen from the previous average price target of $129.75. 
<img src="https://www.benzinga.com/files/images/story/2024/1726056109_0.png" alt="price target chart" />
<h2>Deciphering Analyst Ratings: An In-Depth Analysis</h2>
A comprehensive examination of how financial experts perceive Trinet Group is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Kyle Peterson</td>
<td>Needham</td>
<td>Maintains</td>
<td>Buy</td>
<td>$140.00</td>
<td>$140.00</td>
</tr>
<tr>
<td>Tien-Tsin Huang</td>
<td>JP Morgan</td>
<td>Lowers</td>
<td>Underweight</td>
<td>$103.00</td>
<td>$107.00</td>
</tr>
<tr>
<td>Kyle Peterson</td>
<td>Needham</td>
<td>Maintains</td>
<td>Buy</td>
<td>$140.00</td>
<td>$140.00</td>
</tr>
<tr>
<td>Jared Levine</td>
<td>TD Cowen</td>
<td>Lowers</td>
<td>Buy</td>
<td>$118.00</td>
<td>$132.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Trinet Group. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Trinet Group compared to the broader market.</li>
<li>Price Targets: Understanding forecasts, analysts offer estimates for Trinet Group's future value. Examining the current and prior targets provides insight into analysts' changing expectations.</li>
</ul>
To gain a panoramic view of Trinet Group's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/TNET/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Trinet Group analyst ratings.</a>
<h2>Get to Know Trinet Group Better</h2>
TriNet offers outsourced payroll and human capital management solutions for small and midsize businesses via a professional employer organization model. Under the PEO model, TriNet enters a co-employment arrangement and acts as the employer of record for administrative and regulatory purposes for clients' employees, known as worksite employees. Clients leverage the scale and expertise of TriNet to access competitive employee benefits, share employment risk liability, access compliance support, and outsource mission-critical day-to-day HR functions such as payroll and tax administration. Following the acquisition of Zenefits and Clarus R+D in 2022, TriNet derives the minority of its revenue from self-service HCM software and R&amp;D tax credit services.
<h3>Breaking Down Trinet Group's Financial Performance</h3>
Market Capitalization Analysis: The company exhibits a lower market capitalization profile, positioning itself below industry averages. This suggests a smaller scale relative to peers.
Revenue Growth: Trinet Group's remarkable performance in 3 months is evident. As of 30 June, 2024, the company achieved an impressive revenue growth rate of 1.41%. This signifies a substantial increase in the company's top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Industrials sector.
Net Margin: Trinet Group's net margin excels beyond industry benchmarks, reaching 4.89%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): Trinet Group's ROE excels beyond industry benchmarks, reaching 49.38%. This signifies robust financial management and efficient use of shareholder equity capital.
Return on Assets (ROA): Trinet Group's ROA stands out, surpassing industry averages. With an impressive ROA of 1.56%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: The company faces challenges in debt management with a debt-to-equity ratio higher than the industry average. With a ratio of 11.05, caution is advised due to increased financial risk.
<h2>The Basics of Analyst Ratings</h2>
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Trinet Group Stock: A Deep Dive Into Analyst Perspectives (4 Ratings)

Needham analyst Kyle Peterson reiterates Trinet Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TNET#NYSE">TNET</a>) with a Buy and maintains $140 price target.

Reiteration

Needham Reiterates Buy on Trinet Group, Maintains $140 Price Target

JP Morgan analyst Tien-Tsin Huang maintains Trinet Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TNET#NYSE">TNET</a>) with a Underweight and lowers the price target from $107 to $103.

JP Morgan Maintains Underweight on Trinet Group, Lowers Price Target to $103

TriNet Group (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tnet#NYSE">TNET</a>) came out with quarterly earnings of $1.53 per share, beating the Zacks Consensus Estimate of $1.24 per share. This compares to earnings of $1.74 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 23.39%. A quarter ago, it was expected that this human resources services outsourcing company would post earnings of $2.44 per share when it actually produced earnings of $2.16, delivering a surprise of -11.48%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
TriNet, which belongs to the Zacks Outsourcing industry, posted revenues of $310 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 2.73%. This compares to year-ago revenues of $341 million. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock&#39;s immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management&#39;s commentary on the earnings call.
TriNet shares have lost about 8.5% since the beginning of the year versus the S&amp;P 500&#39;s gain of 13.2%.
What&#39;s Next for TriNet?
While TriNet has underperformed the market so far this year, the question that comes to investors&#39; minds is: what&#39;s next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company&#39;s earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for TriNet: favorable. While the magnitude and direction of estimate revisions could change following the company&#39;s just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $1.34 on $305.98 million in revenues for the coming quarter and $5.87 on $1.25 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Outsourcing is currently in the top 41% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Genpact (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/g#NYSE">G</a>), another stock in the same industry, has yet to report results for the quarter ended June 2024. The results are expected to be released on August 8.
This business process management services provider is expected to post quarterly earnings of $0.73 per share in its upcoming report, which represents a year-over-year change of +1.4%. The consensus EPS estimate for the quarter has been revised 0.4% higher over the last 30 days to the current level.
Genpact&#39;s revenues are expected to be $1.15 billion, up 3.7% from the year-ago quarter.
<a href="https://www.zacks.com/stock/news/2309855/trinet-group-tnet-tops-q2-earnings-and-revenue-estimates?cid=CS-BENZ-FT-tale_of_the_tape|yseop_template_4-2309855">To read this article on Zacks.com click here.</a>

Earnings Beats

Markets

TriNet Group Tops Q2 Earnings and Revenue Estimates

Guidance

TriNet Continues To Expect FY24 Total Revenues To Be Down 1% To Up 4%; Adj EPS Of $5.25 - $6.80 (Est $5.94)

TriNet Expects Q3 Total Revenues To Be Flat To Up 3%, Adjusted EPS Of $1.00-$1.50 (Est $1.37)

Trinet Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TNET#NYSE">TNET</a>) reported quarterly earnings of $1.53 per share which beat the analyst consensus estimate of $1.28 by 19.53 percent. This is a 12.07 percent decrease over earnings of $1.74 per share from the same period last year. The company reported quarterly sales of $1.226 billion which beat the analyst consensus estimate of $1.213 billion by 1.09 percent. This is a 1.41 percent increase over sales of $1.209 billion the same period last year.

Trinet Group Q2 2024 Adj EPS $1.53 Beats $1.28 Estimate, Sales $1.226B Beat $1.213B Estimate

TD Cowen analyst Jared Levine maintains Trinet Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TNET#NYSE">TNET</a>) with a Buy and lowers the price target from $132 to $118.

TD Cowen Maintains Buy on Trinet Group, Lowers Price Target to $118

Needham analyst Kyle Peterson maintains Trinet Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TNET#NYSE">TNET</a>) with a Buy and lowers the price target from $150 to $140.

Needham Maintains Buy on Trinet Group, Lowers Price Target to $140

TriNet (TNET) is down -17.8%, or -$16.34 to $75.29. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial...

TriNet falls -17.8%

TriNet Group, Inc. (TNET) Q3 2024 Earnings Call Transcript

Analyst Jared Levine of TD Cowen assigned a Buy rating on TriNet Group (TNET – Research Report), with a price target of $92.00. Jared Levine has gi...

TriNet Group Positioned for Recovery and Growth Amid Temporary Setbacks

Companies in the Industrial Goods sector have received a lot of coverage today as analysts weigh in on Northrop Grumman (NOC – Research Report), Tr...

Analysts Offer Insights on Industrial Goods Companies: Northrop Grumman (NOC), TriNet Group (TNET) and Booz Allen (BAH)

Needham downgraded TriNet (TNET) to Hold from Buy. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial ...

TriNet downgraded to Hold from Buy at Needham

Needham downgraded TriNet (TNET) to Hold from Buy without a price target The company's Q3 results missed estimates on the top and bottom line, as w...

Needham downgrades TriNet to Hold on 'sizable headwinds'

TD Cowen lowered the firm's price target on TriNet (TNET) to $92 from $110 and keeps a Buy rating on the shares. The firm noted they reported a 3Q ...

TriNet price target lowered to $92 from $110 at TD Cowen

In a report released yesterday, David Grossman from Stifel Nicolaus maintained a Buy rating on TriNet Group (TNET – Research Report), with a price ...

TriNet Group (TNET) Receives a Buy from Stifel Nicolaus

Warning: TNET is at high risk of performing badly

Tracking William Von Mueffling's Cantillon Capital Management Portfolio - Q3 2024 Update

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Press Releases

TriNet to Inaugurate State-of-the-Art Facility in Hyderabad, India

TriNet Releases 2024 State of the Workplace Report on Emerging Trends for Small and Medium-Size Businesses

TriNet Appoints Sidney Majalya as Chief Legal Officer and Announces Departure of Samantha Wellington

Dividends

TriNet Announces Quarterly Dividend

TriNet to Report Third Quarter 2024 Financial Results on October 25

TriNet Releases Resourceful HR Book From Hire to Retire: A Guide to the Employee Life Cycle

TriNet Announces Varsha Kakati as Vice President and Country Leader for Hyderabad, India Operations

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