Notable Stock to Watch: TriNet Group (NYSE:TNET)

TriNet Group (NYSE:TNET) changed -14.13% to recent value of $50.31. The stock transacted 1668000 shares during most recent day however it has an average volume of 373.4K shares. It spotted trading -34.59% off 52-week high price. On the other end, the stock has been noted 29.87% away from the low price over the last 52-weeks.

On Oct. 24, 2019, TriNet Group (NYSE:TNET) a leading provider of comprehensive human resources solutions for small to midsize businesses,  announced financial results for the third quarter ended September 30, 2019. The third quarter highlights below include non-GAAP financial measures which are reconciled later in this release.

Third quarter highlights include:

Total revenues increased 11% to $969 million and Net Service Revenues decreased 4% to $221 million, each as compared to the same period last year.

Net income was $55 million, or $0.78 per diluted share, compared to net income of $51 million, or $0.71 per diluted share, in the same period last year.

Adjusted Net Income was $58 million, or $0.81 per diluted share, compared to Adjusted Net Income of $55 million, or $0.75 per diluted share, in the same period last year.

Adjusted EBITDA was $93 million, an 8% increase from the same period last year.

Total WSEs increased 4% compared to the same period last year, at approximately 332,000.

Average WSEs increased 4% as compared to the same period last year, at approximately 331,000.

TNET has a gross margin of 18.80% and an operating margin of 7.20% while its profit margin remained 5.50% for the last 12 months. Its earnings per share (EPS) expected to touch remained 37.40% for this year while earning per share for the next 5-years is expected to reach at 20.00%.

The company has 69.93M of outstanding shares and 63.26M shares were floated in the market. According to the most recent quarter its current ratio was 1.2 that represents company’s ability to meet its current financial obligations. The price moved ahead of -14.89% from the mean of 20 days, -20.01% from mean of 50 days SMA and performed -18.82% from mean of 200 days price. Company’s performance for the week was -16.50%, -20.14% for month and YTD performance remained 19.93%.

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