Seneca Foods (NASDAQ:SENEB) Posts Earnings Results, Beats Expectations By $1.25 EPS

Seneca Foods (NASDAQ:SENEB) announced its quarterly earnings data on Wednesday. The consumer goods maker reported $5.07 EPS for the quarter, beating analysts’ consensus estimates of $3.82 by $1.25, Zacks reports.

Seneca Foods Stock Down 2.5%

Shares of SENEB traded down $3.87 during mid-day trading on Wednesday, reaching $148.31. The company had a trading volume of 304 shares, compared to its average volume of 409. Seneca Foods has a fifty-two week low of $108.68 and a fifty-two week high of $208.53. The firm has a fifty day simple moving average of $179.99 and a 200-day simple moving average of $156.59.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Seneca Foods in a research report on Monday, September 21st. One equities research analyst has rated the stock with a Hold rating. According to MarketBeat, the stock has a consensus rating of “Hold”.

Seneca Foods Company Profile

Seneca Foods Corporation is a food processor and packaged-food company headquartered in Marion, New York. Founded in 1949, the company processes, packages, and distributes fruits and vegetables for retail, food-service, and industrial customers.

Its product portfolio includes canned and frozen vegetables, canned fruits, applesauce, fruit products, juices, and prepared foods. Seneca sells products under its own Seneca brand and produces private-label goods for grocery retailers and other food companies.