Trinet Group Inc (NYSE: TNET) has reported earnings for its second fiscal quarter (ending June 30) of $1.21 versus $1.40 for the same period a year ago. For the latest four quarters through June 30, E.P.S. were $5.99 versus $5.60 for the same period a year ago.
Recent Price Action
Trinet Group Inc (NYSE: TNET) stock increased 2.0% on 7/26/24. The shares closed at $110.99. Moreover, trading volume in this advance was unusually high at 164% of normal. The stock has been weak relative to the market over the last nine months but has risen 3.3% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, TNET is expected to continue to be a major Value Builder.
Trinet Group has a current Value Trend Rating of C (Low Neutral). The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Trinet Group has a slightly positive Appreciation Score of 61 but a poor Power Rating of 28, and the Low Neutral Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
Be the first to comment