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.

A number of research firms recently issued reports on GDS. Royal Bank of Canada lifted their target price on GDS to $58.00 and gave the company an “outperform” rating in a report on Wednesday. They noted that the move was a valuation call. BidaskClub lowered GDS from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. ValuEngine upgraded GDS from a “hold” rating to a “buy” rating in a report on Thursday, June 27th. TheStreet downgraded GDS from a “c-” rating to a “d” rating in a report on Monday, May 6th. Finally, Zacks Investment Research upgraded GDS from a “sell” rating to a “hold” rating in a report on Tuesday, May 21st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company’s stock. GDS presently has an average rating of “Buy” and a consensus target price of $42.00.

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.

Featured Article: How to Calculate Compound Annual Growth Rate (CAGR)

Earnings History for GDS (NASDAQ:GDS)

Receive News & Ratings for GDS Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GDS and related companies with MarketBeat.com's FREE daily email newsletter.