Seneca Foods (NASDAQ:SENEA) Releases Earnings Results

Seneca Foods (NASDAQ:SENEA - Get Free Report) released its quarterly earnings data on Thursday. The company reported $1.37 earnings per share (EPS) for the quarter, Zacks reports. The company had revenue of $345.84 million during the quarter. Seneca Foods had a net margin of 2.49% and a return on equity of 9.71%.

Seneca Foods Price Performance

Shares of SENEA stock traded down $2.82 during mid-day trading on Friday, reaching $90.26. The company's stock had a trading volume of 117,627 shares, compared to its average volume of 27,695. Seneca Foods has a 1-year low of $55.97 and a 1-year high of $96.79. The company has a market cap of $620.99 million, a P/E ratio of 16.47 and a beta of 0.41. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.36 and a current ratio of 3.38. The firm's 50-day moving average is $89.05 and its two-hundred day moving average is $82.64.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen lowered shares of Seneca Foods from a "buy" rating to a "hold" rating in a report on Tuesday, April 29th.

Institutional Investors Weigh In On Seneca Foods

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Dynamic Technology Lab Private Ltd bought a new position in Seneca Foods during the 1st quarter worth approximately $245,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Seneca Foods by 5.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,813 shares of the company's stock valued at $250,000 after purchasing an additional 156 shares during the last quarter. Royal Bank of Canada raised its holdings in shares of Seneca Foods by 5.2% in the first quarter. Royal Bank of Canada now owns 7,738 shares of the company's stock valued at $690,000 after purchasing an additional 384 shares during the last quarter. Finally, Empowered Funds LLC increased its holdings in Seneca Foods by 54.0% during the first quarter. Empowered Funds LLC now owns 14,865 shares of the company's stock worth $1,324,000 after buying an additional 5,214 shares during the last quarter. Institutional investors and hedge funds own 42.51% of the company's stock.

About Seneca Foods

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.