Seneca Foods (NASDAQ:SENEB) Announces Earnings Results

Seneca Foods (NASDAQ:SENEB) issued its quarterly earnings data on Thursday. The consumer goods maker reported $2.51 earnings per share for the quarter, missing analysts’ consensus estimates of $2.92 by ($0.41), Zacks reports.

Seneca Foods Price Performance

SENEB traded down $3.39 on Thursday, hitting $167.52. 745 shares of the company’s stock were exchanged, compared to its average volume of 441. The stock has a fifty day moving average of $164.76 and a two-hundred day moving average of $145.70. Seneca Foods has a twelve month low of $103.07 and a twelve month high of $181.48.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Seneca Foods in a research note on Wednesday, June 24th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has a consensus rating of “Hold”.

Hedge Funds Weigh In On Seneca Foods

A hedge fund recently raised its stake in Seneca Foods stock. Vanguard Group Inc. increased its stake in Seneca Foods Co. (NASDAQ:SENEB) by 24.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,429 shares of the consumer goods maker’s stock after purchasing an additional 3,617 shares during the period. Vanguard Group Inc.’s holdings in Seneca Foods were worth $2,009,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 3.39% of the company’s stock.

Seneca Foods Company Profile

Seneca Foods Corporation provides packaged fruits and vegetables in the United States and internationally. The company offers canned, frozen, and bottled produce; 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, READ, Green Valley, Paradise, Seneca Farms, and CherryMan. It also packs Green Giant, Le Sueur, and other brands of canned vegetables, as well as select Green Giant frozen vegetables for B&G Foods North America under a contract packing agreement.