GDS (GDS) Issues Quarterly Earnings Results

GDS (NASDAQ:GDS) issued its earnings results on Tuesday. The company reported ($0.18) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.05), Morningstar.com reports. GDS had a negative net margin of 15.41% and a negative return on equity of 7.56%. The business had revenue of $891.80 million for the quarter, compared to analysts’ expectations of $888.42 million. During the same quarter in the prior year, the business posted ($0.71) earnings per share. The business’s revenue for the quarter was up 58.6% on a year-over-year basis. GDS updated its FY 2019 guidance to EPS.

Shares of GDS stock traded up $3.52 on Wednesday, reaching $38.34. The stock had a trading volume of 38,000 shares, compared to its average volume of 776,423. The company has a market cap of $3.90 billion, a P/E ratio of -74.92 and a beta of 3.18. GDS has a 1 year low of $18.59 and a 1 year high of $46.18. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.87 and a quick ratio of 0.87.

Several hedge funds have recently added to or reduced their stakes in GDS. BlackRock Inc. lifted its position in GDS by 22.0% during the fourth quarter. BlackRock Inc. now owns 3,918,103 shares of the company’s stock valued at $90,469,000 after purchasing an additional 706,695 shares in the last quarter. Westpac Banking Corp bought a new stake in GDS during the fourth quarter valued at about $2,821,000. Vanguard Group Inc raised its holdings in GDS by 1,030.8% during the third quarter. Vanguard Group Inc now owns 1,638,232 shares of the company’s stock valued at $57,551,000 after acquiring an additional 1,493,362 shares during the period. Los Angeles Capital Management & Equity Research Inc. bought a new stake in GDS during the fourth quarter valued at about $462,000. Finally, 1832 Asset Management L.P. raised its holdings in GDS by 27.7% during the fourth quarter. 1832 Asset Management L.P. now owns 157,500 shares of the company’s stock valued at $3,636,000 after acquiring an additional 34,200 shares during the period. Hedge funds and other institutional investors own 54.07% of the company’s stock.

Several analysts have commented on the company. TheStreet downgraded GDS from a “c-” rating to a “d” rating in a research note on Monday, May 6th. BidaskClub downgraded GDS from a “strong-buy” rating to a “buy” rating in a research note on Thursday, April 25th. Zacks Investment Research downgraded GDS from a “hold” rating to a “sell” rating in a research note on Wednesday, March 20th. Finally, Credit Suisse Group set a $42.00 price target on GDS and gave the stock a “buy” rating in a research note on Tuesday, March 19th. Two investment analysts have rated the stock with a sell rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $41.75.

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About GDS

GDS Holdings Limited, together with its subsidiaries, designs, builds, and operates data centers in the People's Republic of China. The company provides colocation, managed hosting, and managed cloud services, as well as consulting services. Its data centers service customers that primarily operate in the Internet and banking industries in Shanghai and Beijing municipalities; and Jiangsu, Guangdong, Sichuan, and Hebei Provinces.

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Earnings History for GDS (NASDAQ:GDS)

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