SENEB - （Seneca Foods Corp.）

Seneca Foods is in a line of business with low margins and returns on capital. Check out why I rate SENEA stock a sell.

Seneca Foods (SENEB) on Thursday announced that Michael Wolcott, who currently serves as vice president of finance, will become chief financial officer effective April 1,…

Seneca Foods (SENEB) said it would appoint its Vice President of Finance, Michael Wolcott, to Chief Financial Officer and Senior Vice President of Finance, effective April 1. Wolcott…

FAIRPORT, N.Y., Feb. 09, 2023 (GLOBE NEWSWIRE) -- Seneca Foods Corporation (NASDAQ: SENEA, SENEB) today announced that it will appoint the current Vice President of Finance, Michael Wolcott, to Senior Vice President of Finance and Chief Financial Officer (“CFO”) effective April 1, 2023. As CFO, Mr. Wolcott will oversee the Company’s finance organization and be responsible for all financial and accounting matters, including tax, treasury, internal audit, and investor relations. Mr. Wolcott will also serve on the Company’s executive management team and will be involved in the Company’s corporate strategy and business development, including mergers & acquisitions, and capital transactions. Mr. Wolcott will report to the President and Chief Executive Officer, Paul Palmby. Mr. Wolcott will succeed the Company’s current CFO, Tim Benjamin, who has announced his retirement as CFO effective March 31, 2023. Mr. Benjamin will remain with the Company until June 30, 2023, and provide transition assistance as needed.

Seneca Foods press release (NASDAQ:SENEA): Q3 GAAP EPS of $2.74.Revenue of $473.25M.

Seneca Foods seems to be undervalued compared to peers based on multiple comparisons. Click here to read more of our analysis of SENEA stock.

Seneca Foods Cl A saw its IBD SmartSelect Composite Rating jump to 96 Friday, up from 83 the day before.

Seneca Foods press release (NASDAQ:SENEA): Q1 GAAP EPS of $0.62.Revenue of $265.19M (+12.8% Y/Y).

While the Seneca Foods continues to outperform, several headwinds appear. Investors who purchased SENEA in January 2022 should consider selling around the $62-66 level.

What are Value Stocks? A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company''s future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock. Benzinga Insights has compiled a list of value stocks in the consumer defensive sector that may be worth watching: Adecoagro (NYSE: AGRO ) - P/E: 4.86 Seneca Foods (NASDAQ: SENEA ) - P/E: 9.89 United Breweries Co (NYSE: CCU ) - P/E: … Full story available on Benzinga.com

Seneca Foods seems to be undervalued compared to peers based on multiple comparisons. Click here to read more of our analysis of SENEA stock.

Seneca Foods Cl A saw its IBD SmartSelect Composite Rating jump to 96 Friday, up from 83 the day before.

Seneca Foods press release (NASDAQ:SENEA): Q1 GAAP EPS of $0.62.Revenue of $265.19M (+12.8% Y/Y).

While the Seneca Foods continues to outperform, several headwinds appear. Investors who purchased SENEA in January 2022 should consider selling around the $62-66 level.

What are Value Stocks? A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company''s future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock. Benzinga Insights has compiled a list of value stocks in the consumer defensive sector that may be worth watching: Adecoagro (NYSE: AGRO ) - P/E: 4.86 Seneca Foods (NASDAQ: SENEA ) - P/E: 9.89 United Breweries Co (NYSE: CCU ) - P/E: … Full story available on Benzinga.com