Seneca Foods (SENEB) to Release Earnings on Wednesday

Seneca Foods (NASDAQ:SENEB) is projected to issue its results before the market opens on Wednesday, August 12th. Analysts expect Seneca Foods to announce earnings of $2.92 per share and revenue of $327.00 million for the quarter.

Seneca Foods (NASDAQ:SENEB) last announced its quarterly earnings results on Thursday, June 11th. The consumer goods maker reported $3.67 earnings per share for the quarter. The company had revenue of $393.85 million for the quarter.

Seneca Foods Price Performance

Shares of Seneca Foods stock opened at $175.53 on Wednesday. The company’s 50-day moving average price is $163.85 and its 200-day moving average price is $144.93. Seneca Foods has a 12-month low of $103.07 and a 12-month high of $181.48.

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On Seneca Foods

An institutional investor recently raised its stake in Seneca Foods stock. Vanguard Group Inc. grew its position in shares of Seneca Foods Co. (NASDAQ:SENEB) by 24.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,429 shares of the consumer goods maker’s stock after acquiring an additional 3,617 shares during the period. Vanguard Group Inc.’s holdings in Seneca Foods were worth $2,009,000 as of its most recent SEC filing. 3.39% of the stock is currently owned by hedge funds and other institutional investors.

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.