Seneca Foods Class ASENEA
SENEA
About: Seneca Foods Corp is a US-based company which acts as a provider of packaged fruits and vegetables. Its product offerings include canned, frozen, and bottled produce and snack chips. The company's segment includes Vegetable and Fruit/Snack. It generates maximum revenue from the Vegetable segment.
Employees: 6,800
0
Funds holding %
of 6,809 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
300% more first-time investments, than exits
New positions opened: 24 | Existing positions closed: 6
18% more funds holding
Funds holding: 99 [Q2] → 117 (+18) [Q3]
10% more capital invested
Capital invested by funds: $159M [Q2] → $175M (+$15.5M) [Q3]
9% more repeat investments, than reductions
Existing positions increased: 38 | Existing positions reduced: 35
0.95% more ownership
Funds ownership: 52.3% [Q2] → 53.25% (+0.95%) [Q3]
Research analyst outlook
We haven’t received any recent analyst ratings for SENEA.
Financial journalist opinion
Negative
Zacks Investment Research
1 month ago
SENEA Stock Down Following Y/Y Q2 Earnings Decline, Gross Margin Down
Despite weakness in other segments, strength in Seneca Foods' Canned vegetables segment drives its overall topline in the fiscal second quarter.
Neutral
GlobeNewsWire
1 month ago
Seneca Foods Reports Sales and Earnings for the Quarter and Six Months Ended September 28, 2024
FAIRPORT, N.Y., Nov. 06, 2024 (GLOBE NEWSWIRE) -- Seneca Foods Corporation (NASDAQ: SENEA, SENEB) today announced financial results for the second quarter and six months ended September 28, 2024.
Neutral
Zacks Investment Research
4 months ago
Seneca Foods (SENEA) Q1 Earnings Decline Y/Y, Gross Margin Down
Strength in the majority of Seneca Foods (SENEA) segments drives its overall topline in the fiscal first quarter.
Neutral
GlobeNewsWire
4 months ago
Seneca Foods Reports Sales and Earnings for the Three Months Ended June 29, 2024
FAIRPORT, N.Y., Aug. 08, 2024 (GLOBE NEWSWIRE) -- Seneca Foods Corporation (NASDAQ: SENEA, SENEB) today announced financial results for the three months ended June 29, 2024.
Positive
Seeking Alpha
5 months ago
Alluvial Fund Q2 2024 Portfolio Update
Our portfolio is largely unchanged from last quarter, with Net Lease Office Properties still at the top. McBride shares have performed well for us, up about 30% from the level of our initial purchases. Talen will continue to sell off its legacy fossil fuel-burning power generation fleet and return excess capital to shareholders through buybacks.
Negative
Zacks Investment Research
6 months ago
Zacks Initiates Coverage of Seneca Foods With Neutral Recommendation
Discover why Zacks rates Seneca Foods as "Neutral", being the first on Wall Street to initiate coverage on the stock. Explore SENEA's strategic market positioning and financial health amid market challenges.
Positive
Seeking Alpha
6 months ago
Seneca Foods: Q4 FY24 Results Look Strong Only Using LIFO
The company's net loss shrank to $2.2 million for Q4 FY24 from $33.1 million a year earlier despite weaker sales. However, if we use the internationally dominant FIFO inventory valuation method, EBITDA declined by 22.7% to $23.1 million. While Seneca Foods doesn't look expensive at 0.7x price to tangible book value, I'm concerned about the rising net debt level.
Neutral
Zacks Investment Research
6 months ago
Seneca Foods (SENEA) Q4 Earnings Improve Y/Y, Gross Margin Up
Seneca Foods' (SENEA) overall topline in fourth-quarter fiscal 2024 is affected due to revenue declines in the majority of its product categories.
Neutral
GlobeNewsWire
6 months ago
Seneca Foods Reports Sales and Earnings for the Quarter and Twelve Months Ended March 31, 2024
FAIRPORT, N.Y., June 13, 2024 (GLOBE NEWSWIRE) -- Seneca Foods Corporation (NASDAQ: SENEA, SENEB) today announced financial results for the fourth quarter and twelve months ended March 31, 2024.
Positive
Seeking Alpha
10 months ago
Seneca Foods: A Look At Sales Volume Trends
The SENEA investment narrative has shifted to focus on its earnings power rather than its balance sheet value. However, over the next 12–18 months, I think the stock will largely be driven by Seneca's sales volume. Based on commentary from Del Monte Pacific and anecdotal evidence, I see a compelling case to be made that sales volume will stabilize into FY2025.
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