GDS (NASDAQ:GDS) Releases Earnings Results, Beats Expectations By $1.04 EPS

GDS (NASDAQ:GDS) posted its quarterly earnings data on Tuesday. The company reported $0.48 earnings per share for the quarter, topping the consensus estimate of ($0.56) by $1.04, Zacks reports. GDS had a negative net margin of 35.97% and a negative return on equity of 8.22%.

GDS Price Performance

GDS stock opened at $27.08 on Tuesday. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 2.25. The firm has a market capitalization of $5.16 billion, a P/E ratio of -8.88 and a beta of 0.28. The business has a 50-day moving average of $25.23 and a 200-day moving average of $25.74. GDS has a 1 year low of $7.35 and a 1 year high of $52.50.

Institutional Trading of GDS

A number of hedge funds have recently modified their holdings of GDS. Advisors Asset Management Inc. acquired a new position in GDS during the first quarter valued at approximately $25,000. NewEdge Advisors LLC bought a new position in shares of GDS during the first quarter worth $25,000. Finally, Royal Bank of Canada grew its holdings in shares of GDS by 30.7% in the 1st quarter. Royal Bank of Canada now owns 379,289 shares of the company’s stock valued at $9,608,000 after buying an additional 89,059 shares during the period. 33.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Raymond James raised GDS from an “outperform” rating to a “strong-buy” rating and set a $53.00 target price for the company in a research note on Thursday, March 20th. Royal Bank of Canada lowered GDS from an “outperform” rating to a “sector perform” rating and lifted their price objective for the stock from $26.00 to $37.00 in a research report on Tuesday, February 25th. StockNews.com downgraded shares of GDS from a “hold” rating to a “sell” rating in a research report on Friday, February 28th. Daiwa Capital Markets raised shares of GDS from a “neutral” rating to a “buy” rating in a research note on Tuesday, February 11th. Finally, Jefferies Financial Group upgraded shares of GDS from a “hold” rating to a “buy” rating and set a $45.00 price objective on the stock in a report on Tuesday, March 18th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, five have issued a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, GDS currently has an average rating of “Buy” and a consensus target price of $39.48.

About GDS

GDS Holdings Limited, together with its subsidiaries, develops and operates data centers in the People's Republic of China. The company provides colocation services comprising critical facilities space, customer-available power, racks, and cooling; managed hosting services, including business continuity and disaster recovery, network management, data storage, system security, operating system, database, and server middleware services; managed cloud services; and consulting services.