Seneca Foods (NASDAQ:SENEA) Issues Earnings Results

by · The Cerbat Gem

Seneca Foods (NASDAQ:SENEA – Get Free Report) released its quarterly earnings data on Wednesday. The company reported $3.46 earnings per share (EPS) for the quarter, Zacks reports. Seneca Foods had a return on equity of 10.07% and a net margin of 2.76%.

Seneca Foods Stock Performance

NASDAQ SENEA traded down $1.75 during trading hours on Wednesday, hitting $101.18. 42,596 shares of the company’s stock traded hands, compared to its average volume of 46,756. Seneca Foods has a 52 week low of $63.40 and a 52 week high of $124.00. The firm has a market capitalization of $694.50 million, a P/E ratio of 16.24 and a beta of 0.19. The company has a current ratio of 4.11, a quick ratio of 0.66 and a debt-to-equity ratio of 0.44. The business’s fifty day moving average price is $111.08 and its two-hundred day moving average price is $101.99.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Weiss Ratings cut Seneca Foods from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Saturday, October 25th. Wall Street Zen downgraded Seneca Foods from a “buy” rating to a “hold” rating in a report on Saturday, August 9th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, Seneca Foods currently has a consensus rating of “Hold”.

View Our Latest Analysis on SENEA

Institutional Investors Weigh In On Seneca Foods

Hedge funds have recently modified their holdings of the business. Arrowstreet Capital Limited Partnership raised its stake in Seneca Foods by 667.5% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 46,501 shares of the company’s stock valued at $4,717,000 after purchasing an additional 40,442 shares during the period. Jump Financial LLC bought a new position in Seneca Foods in the 2nd quarter worth approximately $1,137,000. Raymond James Financial Inc. purchased a new stake in Seneca Foods during the 2nd quarter valued at approximately $1,114,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new stake in shares of Seneca Foods during the second quarter valued at approximately $1,079,000. Finally, Marshall Wace LLP raised its position in shares of Seneca Foods by 66.2% during the second quarter. Marshall Wace LLP now owns 26,133 shares of the company’s stock valued at $2,651,000 after buying an additional 10,413 shares during the last quarter. Institutional investors own 42.51% of the company’s stock.

About Seneca Foods

(Get Free Report)

Seneca Foods Corporation provides packaged fruits and vegetables in the United States and internationally. The company offers canned, frozen, and jarred produce; jarred fruit; and snack chips and other food products under the private label, as well as under various national and regional brands that the company owns or licenses, including Seneca, Libby’s, Aunt Nellie’s, Cherryman, Green Valley, and READ.

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