Nucor earnings beat by $0.08, revenue fell short of estimates
Paul Edward Chamberlain, a director at TriNet Group, Inc. (NYSE:TNET), recently sold 600 shares of the company’s stock. According to a filing with the Securities and Exchange Commission, the shares were sold at a price of $69.36 each, totaling $41,616. The sale comes as TNET shares have declined nearly 28% over the past six months, with the stock currently trading at a P/E ratio of 21.1x. This transaction was conducted under a 10b5-1 trading plan that Chamberlain established in November 2024. According to InvestingPro data, while the stock has faced recent pressure, management has been actively buying back shares, demonstrating confidence in the company’s prospects. Following the sale, Chamberlain holds 36,991 shares, which include unvested restricted stock units.
In other recent news, TriNet Group has reported its fourth-quarter 2024 earnings, which surpassed expectations with an earnings per share (EPS) of $0.44, compared to the anticipated $0.25. The company also reported revenue of $1.3 billion, exceeding the forecasted $1.25 billion. Despite these strong earnings, TD Cowen analysts downgraded TriNet Group’s stock from a ’Buy’ to a ’Hold’, lowering the price target from $104 to $74. The analysts applied a 14.5 times multiple to TriNet’s estimated 2026 earnings per share, reflecting a more conservative outlook.
TriNet is undergoing a strategic transition, exiting its HRIS software-only business to focus on HR Plus ASO products. This move is anticipated to make 2025 a transitional year for the company. The firm expects revenue guidance for 2025 to be between $4.9 billion and $5.1 billion, with an adjusted EBITDA margin projected between 7-9%. CEO Mike Simons stated that TriNet is becoming a more focused company, emphasizing the goal to grow revenues, expand margins, and deliver on capital management priorities.
The company ended the year with approximately 361,000 total worksite employees, marking a 4% increase. TriNet generated $279 million in net cash from operations and returned $219 million to shareholders through dividends and share repurchases. Investors and market analysts are closely watching the company’s stock performance following these developments.
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