Revenue Update on TriNet Group Inc(NYSE:TNET)

TriNet Group Inc(NYSE:TNET) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Aug 1, 2016. Company reported revenue of $149.17M. Analysts estimated a revenue of $148.11M. Earnings per share were $0.27. Analysts had estimated an EPS of $0.25.

TriNet Group Inc (TNET) shares turned negative on Mondays trading session with the shares closing down -0.01 points or -0.05% at a volume of 4,54,911. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $21.34. The peak price level was also seen at $21.34 while the days lowest was $20.93. Finally the shares closed at $21. The 52-week high of the shares is $22.97 while the 52-week low is $11.1. According to the latest information available, the market cap of the company is $1,475 M.

Several Insider Transactions has been reported to the SEC. On Jul 15, 2016, Burton M. Goldfield (PRESIDENT, CEO and DIRECTOR) sold 55,000 shares at $22.50 per share price.Also, On Jul 11, 2016, John W Turner (SR. VP of SALES) sold 5,000 shares at $21.20 per share price.On Oct 26, 2015, Kenneth A Goldman (director) sold 20,000 shares at $20.00 per share price, according to the Form-4 filing with the securities and exchange commission.

TriNet Group Inc. is a provider of a human resources solution for small to medium-sized businesses (SMBs). The Company’s human resource solution includes services such as payroll processing human capital consulting employment law compliance and employee benefits including health insurance retirement plans and workers compensation insurance. Its services are delivered by HR professionals and enabled by its cloud-based technology platform which allows its clients and employees of clients to conduct HR transactions anytime and anywhere. The Company serves thousands of clients in specific industry vertical markets including technology life sciences property management professional services banking and financial services retail manufacturing and hospitality services as well as non-profit entities. As of December 31 2014 it served over 10000 clients in all 50 states of the United States the District of Columbia and Canada.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *