Green Plains Inc (GPRE) released its first quarter results on Monday, May 3, 2021. The company reported net earnings of -$0.17 per share for the first quarter ending March 31, 2021. Earnings for this past quarter were up 63 percent compared to the same period a year ago.
Green Plains Inc. was founded in 2004 and is headquartered in Omaha, Nebraska. Green Plains Inc. produces, markets, and distributes ethanol in the United States and internationally. It operates through four segments: Ethanol Production, Agribusiness and Energy Services, Food and Ingredients, and Partnership.
Green Plains' revenue decreased 31 percent over the past trailing twelve-month period versus the previous twelve-month period. Gross margins increased to 6.98% for the first quarter compared to the same period in the previous year, and operating margins increased to 1.0% over the same period. Net earnings for past trailing twelve months were $-98.88 million, up 31% from the prior year.
Moving on to the balance sheet, Green Plains' cash levels jumped 218% for the first quarter over the same period last year. Overall liquidity of the balance sheet, as measured by the current ratio, increased 95.23% this past year. The current ratio for Green Plains now stands at 2.4. The company decreased shares outstanding by 1.04%.
Shares of GPRE are currently trading around $29.96. In terms of valuation, the stock is trading at a price to book ratio of 1.43.
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This article was written by Value Investing News (https://www.valueinvestingnews.com) on Tuesday, May 4, 2021.