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Trinet Group Inc (NYSE: TNET) |
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Price: $78.7600
$0.01 
0.013%
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| Day's High:
| $79.105
| Week Perf:
| 2.62 %
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| Day's Low: |
$ 78.35 |
30 Day Perf: |
-1.08 % |
| Volume (M): |
8 |
52 Wk High: |
$ 130.83 |
| Volume (M$): |
$ 627 |
52 Wk Avg: |
$93.82 |
| Open: |
$78.67 |
52 Wk Low: |
$65.43 |
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| Market Capitalization (Millions $) |
3,972 |
| Shares
Outstanding (Millions) |
50 |
| Employees |
3,600 |
| Revenues (TTM) (Millions $) |
5,053 |
| Net Income (TTM) (Millions $) |
173 |
| Cash Flow (TTM) (Millions $) |
225 |
| Capital Exp. (TTM) (Millions $) |
78 |
Trinet Group Inc
Trinet Group Inc is a California-based company that provides human resources solutions for small and medium-sized businesses. The company was founded in 1988 and has since grown to become a leading provider of HR services in the United States.
Trinet offers a comprehensive suite of HR services that includes payroll processing, benefits administration, risk management, and regulatory compliance. They also provide guidance on hiring, termination, and other HR-related issues. The company has a network of more than 20,000 clients across various industries, including technology, healthcare, and hospitality.
One of Trinet's key strengths is their technology platform, which is designed to streamline and automate HR processes. This platform includes a self-service portal for employees and managers, as well as tools for time and attendance tracking, performance management, and more. Trinet also offers mobile apps for both iOS and Android, allowing employees to access HR information on the go.
Another area in which Trinet excels is compliance. They have a team of experts who stay up-to-date on the latest regulations and laws related to HR, and they proactively work with clients to ensure compliance. This includes handling payroll taxes, workers' compensation insurance, and other legal requirements.
Trinet has received numerous accolades for their HR services. In 2021, they were named one of the "Best Places to Work" by the San Francisco Business Times for the ninth year in a row. They have also been recognized by Inc. Magazine as one of the fastest-growing private companies in America.
Overall, Trinet Group Inc is a well-respected and reliable provider of HR solutions for businesses of all sizes. With a focus on technology, compliance, and customer service, they offer a comprehensive suite of HR services designed to help businesses succeed.
Company Address: One Park Place, Dublin, 94568 CA
Company Phone Number: 352-5000 Stock Exchange / Ticker: NYSE TNET
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| Stock Performances by Major Competitors |
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| Trinet Group Inc
Reflections on TriNet's Latest Financial Results: A Cautious Outlook Amid Leadership TransitionAs I delve into the financial results of TriNet Group Inc. for the quarter ending September 30, 2024, the numbers tell a mixed story. On one hand, a modest revenue improvement of 1.227% is commendable, especially in a market that has been challenging for many. Yet, the substantially sharper decline in net income by 45.4% starkly paints a different picture, raising questions about the company?s operational efficiency and future direction.To put things into perspective, the reported revenue stands at $1.24 billion with earnings per share (EPS) at $0.89. However, this was not enough to maintain the profit levels achieved a year ago. The net income dropped from $94 million to $45 million during the same period, translating to a net margin contraction to 3.64%. It?s evident that even as revenue briefly advanced over prior periods, the pressure on profit margins and operating earnings?the latter down to $58 million?indicates that cost management remains a significant hurdle for TriNet.
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| Trinet Group Inc
TriNet Group Inc: Navigating Challenges and Embracing Opportunities
Overview of Recent Performance
TriNet Group Inc. (TNET) has recently released its financial results for the fiscal period ending June 30, 2024. Despite a revenue improvement of 1.406%, the company experienced a notable decline in income of -13.04% compared to the same reporting period a year prior, culminating in $1.23 billion in revenue and earnings per share (EPS) of $1.20. While these figures might seem discouraging at first glance, a deeper analysis reveals several underlying factors that may suggest a bullish outlook for the company.
Comparative Sector Performance
When comparing TriNet?s performance to the broader Professional Services sector, which collectively experienced a commendable business improvement of 7.82% from Q2 2023, it?s evident that TriNet faces challenges. In particular, the income fell by -32.58% from $1.78 per share, and revenue decreased by -3.006% from $1.26 billion. Earnings dropped from $83 million in the second quarter of 2023 to $60 million in the same period this year, marking a -27.71% reduction. However, it's essential to recognize these challenges in the context of a dynamic and evolving market.
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| Trinet Group Inc
TriNet, a leading provider of human resources solutions for small and medium-sized businesses, has recently made some significant announcements that have caught the attention of investors and industry experts. Firstly, the company shared the news of the retirement of its President, Chief Executive Officer, and Board Member, Burton M. Goldfield. Secondly, TriNet announced the appointment of Mike Simonds as the new President and CEO.
Burton M. Goldfield's retirement marks the end of an era for TriNet. As a key figure in the company, Goldfield played a crucial role in its growth and success. Although no specific reasons have been disclosed for his retirement, it is clear that his contributions to TriNet's progress are highly valued and appreciated.
In terms of financial performance, TriNet's latest earnings report presents an interesting picture. While the company experienced a revenue advance of 1.445%, it was unable to prevent a significant income reduction of -17.97% in the January to March 31, 2024 reporting period compared to the same period a year ago. Revenue stood at $1.26 billion, with earnings per share (EPS) at $1.78.
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| Trinet Group Inc
TriNet, a leading provider of human resources solutions for small and medium-sized businesses (SMBs), has undergone significant changes with the retirement of its President, Chief Executive Officer, and Board Member, Burton M. Goldfield. In an unexpected move, Goldfield will be stepping down from his position, although the company has not provided specific reasons for his retirement. TriNet acknowledges Goldfield's invaluable contributions to its growth and success during his tenure.
It is important to evaluate these leadership changes in the context of TriNet's financial results. In the October to December 31, 2023 period, the company achieved remarkable profitability despite slow revenue growth. Income per share surged by an impressive 76.1% to $1.31 per share, while revenue saw a modest increase of 1.55% to $1.25 billion compared to the same reporting period in the previous year. Despite these positive figures, it is worth noting that TriNet's revenue growth was overshadowed by a growth rate of 17.70% reported by nearly all companies in the Professional Services sector during the fourth quarter of 2022.
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| Personnel Announcements
Published Thu, Feb 15 2024 9:15 PM UTC
TriNet, a prominent provider of comprehensive human resources solutions for small and medium-size businesses (SMBs), has recently shared the news of the retirement of its President, Chief Executive Officer, and Board Member, Burton M. Goldfield. Additionally, the company has announced the appointment of Mike Simonds as the new President and CEO.
Facts:
1. B...
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| Per Share |
Current |
| Earnings (TTM) |
3.4 $ |
| Revenues (TTM) |
100.18 $
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| Cash Flow (TTM) |
4.46 $ |
| Cash |
35.15 $
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| Book Value |
1.37 $
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| Dividend (TTM) |
0.73 $ |
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| Per Share |
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| Earnings (TTM) |
3.4 $
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| Revenues (TTM) |
100.18 $ |
| Cash Flow (TTM) |
4.46 $ |
| Cash |
35.15 $
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| Book Value |
1.37 $ |
| Dividend (TTM) |
0.73 $ |
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1.76% 