Seneca Foods (SENEA) Projected to Release Quarterly Earnings on Thursday

Seneca Foods (NASDAQ:SENEA) will likely be releasing its results before the market opens on Thursday, August 6th. Analysts expect the company to announce earnings of $2.92 per share and revenue of $327.00 million for the quarter.

Seneca Foods Stock Down 0.1%

Shares of Seneca Foods stock opened at $170.12 on Thursday. Seneca Foods has a one year low of $99.58 and a one year high of $187.61. The company has a market cap of $1.15 billion, a P/E ratio of 10.25 and a beta of -0.07. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.07 and a current ratio of 5.06. The firm has a fifty day moving average of $161.31 and a two-hundred day moving average of $144.90.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on SENEA shares. Wall Street Zen upgraded shares of Seneca Foods from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 13th. Freedom Capital upgraded shares of Seneca Foods to a “strong-buy” rating in a research report on Wednesday, May 20th. Finally, Weiss Ratings raised Seneca Foods from a “buy (b)” rating to a “buy (b+)” rating in a report on Monday, June 15th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Strong Buy”.

Institutional Investors Weigh In On Seneca Foods

Hedge funds and other institutional investors have recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Seneca Foods by 5.9% during the 1st 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. Dynamic Technology Lab Private Ltd acquired a new position in Seneca Foods during the first quarter worth $245,000. Great Lakes Advisors LLC acquired a new position in Seneca Foods during the fourth quarter worth $242,000. Jane Street Group LLC purchased a new stake in Seneca Foods during the second quarter worth $230,000. Finally, Oxford Asset Management LLP purchased a new stake in Seneca Foods during the second quarter worth $226,000. 42.51% of the stock is currently owned by institutional investors and hedge funds.

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.