3 Stocks Pushing The Food & Beverage Industry Lower
- SENEA's revenue growth has slightly outpaced the industry average of 3.7%. Since the same quarter one year prior, revenues slightly increased by 6.8%. This growth in revenue does not appear to have trickled down to the company's bottom line, displayed by a decline in earnings per share.
- Net operating cash flow has increased to $45.49 million or 44.00% when compared to the same quarter last year. In addition, SENECA FOODS CORP has also vastly surpassed the industry average cash flow growth rate of -18.05%.
- The current debt-to-equity ratio, 0.59, is low and is below the industry average, implying that there has been successful management of debt levels. Despite the fact that SENEA's debt-to-equity ratio is low, the quick ratio, which is currently 0.69, displays a potential problem in covering short-term cash needs.
- SENECA FOODS CORP has experienced a steep decline in earnings per share in the most recent quarter in comparison to its performance from the same quarter a year ago. The company has suffered a declining pattern earnings per share over the past two years. During the past fiscal year, SENECA FOODS CORP reported lower earnings of $1.23 versus $3.56 in the prior year.
- The company, on the basis of change in net income from the same quarter one year ago, has significantly underperformed when compared to that of the S&P 500 and the Food Products industry. The net income has significantly decreased by 126.0% when compared to the same quarter one year ago, falling from $3.91 million to -$1.02 million.
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