Seneca Foods (NASDAQ:SENEA) Announces Quarterly Earnings Results

Seneca Foods (NASDAQ:SENEA) issued its quarterly earnings results on Thursday. The company reported $6.48 EPS for the quarter, FiscalAI reports. Seneca Foods had a net margin of 5.58% and a return on equity of 12.60%. The business had revenue of $508.35 million for the quarter.

Seneca Foods Price Performance

NASDAQ:SENEA opened at $119.48 on Friday. Seneca Foods has a 52-week low of $70.98 and a 52-week high of $134.14. The stock has a fifty day moving average of $114.19 and a 200 day moving average of $111.89. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.42 and a current ratio of 2.59. The firm has a market capitalization of $817.24 million, a price-to-earnings ratio of 9.19 and a beta of 0.11.

Analyst Ratings Changes

SENEA has been the subject of several recent analyst reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Seneca Foods in a research note on Monday, December 29th. Wall Street Zen downgraded shares of Seneca Foods from a “strong-buy” rating to a “buy” rating in a report on Sunday, February 1st. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy”.

Hedge Funds Weigh In On Seneca Foods

A number of institutional investors have recently made changes to their positions in SENEA. Ballentine Partners LLC increased its position in shares of Seneca Foods by 3.2% during the 4th quarter. Ballentine Partners LLC now owns 2,862 shares of the company’s stock valued at $317,000 after purchasing an additional 89 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Seneca Foods by 5.9% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,813 shares of the company’s stock worth $250,000 after acquiring an additional 156 shares in the last quarter. Pullen Investment Management LLC lifted its holdings in shares of Seneca Foods by 0.5% in the 4th quarter. Pullen Investment Management LLC now owns 33,694 shares of the company’s stock worth $3,728,000 after acquiring an additional 168 shares during the last quarter. CWM LLC boosted its stake in shares of Seneca Foods by 75.9% in the 3rd quarter. CWM LLC now owns 475 shares of the company’s stock valued at $51,000 after purchasing an additional 205 shares in the last quarter. Finally, Van ECK Associates Corp grew its holdings in shares of Seneca Foods by 34.8% during the 3rd quarter. Van ECK Associates Corp now owns 818 shares of the company’s stock valued at $88,000 after purchasing an additional 211 shares during the last quarter. Institutional investors own 42.51% of the company’s stock.

Seneca Foods Company Profile

Seneca Foods Corporation is a leading producer and distributor of shelf-stable fruits, vegetables and fruit‐based products. The company’s core activities include the processing, packaging and sale of canned fruits and vegetables, natural fruit juices, apple sauces and fruit‐based snacks. Seneca Foods caters to both retail and foodservice markets, supplying national and international grocers, restaurant chains and food manufacturers with branded and private‐label products.

Seneca Foods operates a network of manufacturing facilities and cold storage warehouses across North America, with key processing plants in New York, Michigan, California and Canada.