Seneca Foods (SENEA) to Release Earnings on Thursday

Seneca Foods (NASDAQ:SENEA) is projected to release its results before the market opens on Thursday, August 6th. Analysts expect Seneca Foods to post earnings of $2.92 per share and revenue of $327.00 million for the quarter.

Seneca Foods Trading Up 2.8%

Shares of SENEA stock opened at $170.15 on Tuesday. Seneca Foods has a 1 year low of $99.58 and a 1 year high of $187.61. The firm has a market capitalization of $1.15 billion, a PE ratio of 10.25 and a beta of -0.07. The stock has a fifty day moving average of $163.00 and a two-hundred day moving average of $146.06. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.07 and a current ratio of 5.06.

Analyst Ratings Changes

SENEA has been the topic of a number of recent analyst reports. Weiss Ratings upgraded shares of Seneca Foods from a “buy (b)” rating to a “buy (b+)” rating in a research note on Monday, June 15th. Wall Street Zen upgraded shares of Seneca Foods from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 13th. Finally, Freedom Capital raised shares of Seneca Foods to a “strong-buy” rating in a research note on Wednesday, May 20th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company’s stock. According to MarketBeat, Seneca Foods presently has a consensus rating of “Strong Buy”.

Hedge Funds Weigh In On Seneca Foods

Large investors have recently made changes to their positions in the business. EverSource Wealth Advisors LLC acquired a new stake in Seneca Foods during the second quarter valued at approximately $36,000. Quarry LP bought a new position in shares of Seneca Foods in the third quarter valued at $57,000. Employees Retirement System of Texas bought a new position in shares of Seneca Foods in the third quarter valued at $64,000. Van ECK Associates Corp lifted its position 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 acquiring an additional 211 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its position in shares of Seneca Foods by 36.8% during the 2nd quarter. Russell Investments Group Ltd. now owns 993 shares of the company’s stock valued at $101,000 after acquiring an additional 267 shares during the last quarter. Institutional investors own 42.51% of the company’s stock.

About Seneca Foods

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.