GDS Holdings Ltd – (NASDAQ:GDS) – Equities researchers at SunTrust Banks decreased their Q2 2019 earnings per share (EPS) estimates for shares of GDS in a note issued to investors on Tuesday, May 14th. SunTrust Banks analyst G. Miller now anticipates that the company will earn ($0.17) per share for the quarter, down from their previous estimate of ($0.11). SunTrust Banks also issued estimates for GDS’s Q3 2019 earnings at ($0.12) EPS, Q4 2019 earnings at ($0.12) EPS, FY2019 earnings at ($0.58) EPS, Q1 2020 earnings at ($0.06) EPS, Q2 2020 earnings at ($0.06) EPS and FY2020 earnings at ($0.08) EPS.
Several other brokerages have also weighed in on GDS. BidaskClub upgraded GDS from a “buy” rating to a “strong-buy” rating in a report on Thursday, April 11th. Credit Suisse Group set a $42.00 price objective on GDS and gave the company a “buy” rating in a report on Tuesday, March 19th. TheStreet upgraded GDS from a “d” rating to a “c-” rating in a report on Wednesday, March 13th. Finally, Zacks Investment Research lowered GDS from a “hold” rating to a “sell” rating in a report on Wednesday, March 20th. Two analysts have rated the stock with a sell rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. GDS currently has a consensus rating of “Buy” and an average target price of $41.29.
Shares of GDS stock opened at $37.55 on Friday. The company has a quick ratio of 0.87, a current ratio of 2.22 and a debt-to-equity ratio of 1.50. The firm has a market capitalization of $4.46 billion, a PE ratio of -73.63 and a beta of 3.18. GDS has a fifty-two week low of $18.59 and a fifty-two week high of $46.18.
GDS (NASDAQ:GDS) last released its quarterly earnings results on Tuesday, May 14th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.13) by ($0.05). The business had revenue of $891.80 million during the quarter, compared to the consensus estimate of $888.42 million. GDS had a negative return on equity of 7.56% and a negative net margin of 15.41%. The company’s revenue for the quarter was up 58.6% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.71) EPS.
Hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Inc. lifted its holdings in shares of 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 during the last quarter. Westpac Banking Corp acquired a new position in GDS during the fourth quarter valued at $2,821,000. Vanguard Group Inc raised its position 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 buying an additional 1,493,362 shares during the period. Los Angeles Capital Management & Equity Research Inc. acquired a new position in GDS during the fourth quarter valued at $462,000. Finally, 1832 Asset Management L.P. raised its position 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 buying an additional 34,200 shares during the period. 54.07% of the stock is owned by institutional investors and hedge funds.
GDS Company Profile
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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