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

Seneca Foods (NASDAQ:SENEB) released its quarterly earnings data 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 Down 2.5%

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 firm’s 50-day simple moving average is $179.99 and its 200 day simple moving average is $156.59. Seneca Foods has a one year low of $108.68 and a one year high of $208.53.

Analysts Set New Price Targets

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