TriNet Group, Inc. (NYSE:TNET) Plans Quarterly Dividend of $0.29

TriNet Group, Inc. (NYSE:TNET) announced a quarterly dividend on Wednesday, June 17th. Shareholders of record on Wednesday, July 1st will be given a dividend of 0.29 per share by the business services provider on Monday, July 27th. This represents a c) annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Wednesday, July 1st.

TriNet Group has a dividend payout ratio of 23.8% meaning its dividend is sufficiently covered by earnings. Equities analysts expect TriNet Group to earn $3.90 per share next year, which means the company should continue to be able to cover its $1.16 annual dividend with an expected future payout ratio of 29.7%.

TriNet Group Stock Down 2.1%

TNET stock opened at $45.60 on Thursday. The company has a market capitalization of $2.09 billion, a P/E ratio of 13.61 and a beta of 1.01. TriNet Group has a 12 month low of $33.60 and a 12 month high of $77.26. The firm’s fifty day simple moving average is $42.45 and its 200-day simple moving average is $47.52. The company has a debt-to-equity ratio of 10.80, a current ratio of 1.12 and a quick ratio of 1.12.

TriNet Group (NYSE:TNET) last posted its earnings results on Thursday, April 30th. The business services provider reported $2.48 EPS for the quarter, topping the consensus estimate of $1.84 by $0.64. TriNet Group had a return on equity of 219.54% and a net margin of 3.22%.The firm had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.08 billion. During the same period last year, the company earned $1.99 earnings per share. TriNet Group’s revenue for the quarter was down 5.1% compared to the same quarter last year. TriNet Group has set its FY 2026 guidance at 3.700-4.700 EPS. As a group, equities research analysts forecast that TriNet Group will post 3.55 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on TNET. UBS Group cut their target price on shares of TriNet Group from $62.00 to $48.00 and set a “neutral” rating for the company in a report on Tuesday, May 5th. TD Cowen increased their price target on shares of TriNet Group from $40.00 to $46.00 and gave the stock a “hold” rating in a report on Friday, May 1st. JPMorgan Chase & Co. raised their price target on shares of TriNet Group from $43.00 to $45.00 and gave the company an “underweight” rating in a research report on Friday, May 1st. Weiss Ratings raised shares of TriNet Group from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday, May 4th. Finally, Zacks Research upgraded shares of TriNet Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 12th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, three have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $55.20.

TriNet Group Company Profile

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.