GDS (NASDAQ:GDS) Announces Earnings Results, Beats Estimates By $0.03 EPS
GDS (NASDAQ:GDS) released its earnings results on Tuesday. The company reported ($0.11) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.14) by $0.03, Morningstar.com reports. The firm had revenue of $985.20 million during the quarter, compared to analyst estimates of $968.38 million. GDS had a negative return on equity of 7.56% and a negative net margin of 15.41%. GDS’s revenue was up 54.5% compared to the same quarter last year. During the same period last year, the business posted ($0.82) earnings per share. GDS updated its FY 2019 guidance to EPS.
GDS traded down $2.10 during trading on Wednesday, hitting $38.80. The company’s stock had a trading volume of 40,378 shares, compared to its average volume of 936,466. The business has a 50 day simple moving average of $38.76. The company has a debt-to-equity ratio of 1.50, a quick ratio of 2.22 and a current ratio of 2.22. The stock has a market cap of $4.80 billion, a PE ratio of -75.49 and a beta of 3.04. GDS has a twelve month low of $20.84 and a twelve month high of $43.15.
Institutional investors and hedge funds have recently modified their holdings of the business. SeaBridge Investment Advisors LLC raised its holdings in GDS by 100.0% in the 1st quarter. SeaBridge Investment Advisors LLC now owns 1,000 shares of the company’s stock valued at $36,000 after acquiring an additional 500 shares during the last quarter. Tower Research Capital LLC TRC increased its holdings in shares of GDS by 93.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,440 shares of the company’s stock worth $54,000 after buying an additional 696 shares during the last quarter. Resources Investment Advisors LLC. acquired a new stake in shares of GDS during the 2nd quarter worth $122,000. FNY Investment Advisers LLC acquired a new stake in shares of GDS during the 1st quarter worth $124,000. Finally, Cowen Prime Services LLC acquired a new stake in shares of GDS during the 1st quarter worth $143,000. Institutional investors own 62.54% of the company’s stock.
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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