GDS (NASDAQ:GDS) Posts Earnings Results, Beats Estimates By $1.56 EPS

GDS (NASDAQ:GDS) issued its quarterly earnings results on Wednesday. The company reported $1.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.03) by $1.56, FiscalAI reports. The business had revenue of $426.13 million for the quarter, compared to the consensus estimate of $436.44 million. GDS had a return on equity of 8.79% and a net margin of 8.12%.

GDS Price Performance

NASDAQ GDS opened at $40.41 on Wednesday. The company has a debt-to-equity ratio of 1.60, a current ratio of 2.60 and a quick ratio of 2.60. The stock’s fifty day moving average price is $42.70 and its 200 day moving average price is $39.94. GDS has a 1 year low of $22.53 and a 1 year high of $48.61. The company has a market cap of $7.86 billion, a price-to-earnings ratio of 77.71 and a beta of 0.46.

Institutional Investors Weigh In On GDS

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GDS. NewEdge Advisors LLC acquired a new stake in GDS during the 1st quarter worth about $25,000. Advisors Asset Management Inc. acquired a new stake in GDS during the 1st quarter worth about $25,000. EverSource Wealth Advisors LLC grew its position in GDS by 41.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,806 shares of the company’s stock worth $55,000 after purchasing an additional 531 shares during the period. Northwestern Mutual Wealth Management Co. grew its position in GDS by 113.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,836 shares of the company’s stock worth $56,000 after purchasing an additional 974 shares during the period. Finally, Van ECK Associates Corp grew its position in GDS by 245.3% during the 4th quarter. Van ECK Associates Corp now owns 1,692 shares of the company’s stock worth $59,000 after purchasing an additional 1,202 shares during the period. 33.71% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on GDS shares. Morgan Stanley reaffirmed an “overweight” rating and set a $64.00 price target on shares of GDS in a research report on Tuesday, March 17th. Weiss Ratings raised GDS from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday. Wall Street Zen raised GDS from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Finally, Zacks Research downgraded GDS from a “strong-buy” rating to a “hold” rating in a research report on Monday. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $49.90.

GDS Company Profile

GDS Holdings Limited, founded in 2001 and headquartered in Shanghai, is a leading network-neutral data center services provider in China. The company operates a portfolio of state-of-the-art data center facilities designed to support the mission-critical IT infrastructure of cloud service providers, internet enterprises, financial institutions, and government entities. GDS was among the first Chinese providers to offer high-density colocation solutions, catering to customers with demanding computing and storage requirements.

GDS specializes in delivering scalable colocation, cross-connect, and interconnection services within its facilities, enabling clients to establish high-speed, low-latency connections to major cloud platforms and internet exchange points.