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

Seneca Foods (NASDAQ:SENEB) posted its earnings results on Wednesday. The consumer goods maker reported $5.07 earnings per share for the quarter, beating the consensus estimate of $3.82 by $1.25, Zacks reports.

Seneca Foods Stock Performance

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

Wall Street Analysts Forecast Growth

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

About Seneca Foods

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.