Morgan Stanley Direct Lending (MSDL) Set to Announce Quarterly Earnings on Thursday

Morgan Stanley Direct Lending (NYSE:MSDL) will be posting its quarterly earnings results after the market closes on Thursday, November 7th. Analysts expect Morgan Stanley Direct Lending to post earnings of $0.65 per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Morgan Stanley Direct Lending (NYSE:MSDL) last released its earnings results on Thursday, August 8th. The company reported $0.63 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.63. Morgan Stanley Direct Lending had a return on equity of 12.57% and a net margin of 60.60%. The firm had revenue of $104.19 million during the quarter, compared to analysts’ expectations of $101.60 million. On average, analysts expect Morgan Stanley Direct Lending to post $3 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Morgan Stanley Direct Lending Stock Performance

MSDL opened at $19.89 on Thursday. The company has a market capitalization of $1.78 billion and a price-to-earnings ratio of 6.70. The business’s 50-day moving average price is $19.96 and its two-hundred day moving average price is $20.05. Morgan Stanley Direct Lending has a 1 year low of $19.05 and a 1 year high of $24.18. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.09 and a quick ratio of 1.09.

Morgan Stanley Direct Lending Cuts Dividend

The firm also recently declared a — dividend, which will be paid on Friday, January 24th. Shareholders of record on Monday, November 4th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, November 4th. This represents a yield of 10.1%. Morgan Stanley Direct Lending’s dividend payout ratio (DPR) is presently 67.34%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on MSDL shares. JPMorgan Chase & Co. lowered their target price on Morgan Stanley Direct Lending from $22.00 to $20.00 and set a “neutral” rating on the stock in a research report on Monday, July 29th. UBS Group downgraded Morgan Stanley Direct Lending from a “buy” rating to a “neutral” rating and set a $23.50 price objective for the company. in a report on Thursday, July 18th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $22.00 price target on shares of Morgan Stanley Direct Lending in a research report on Friday, September 13th. Finally, Wells Fargo & Company decreased their price objective on shares of Morgan Stanley Direct Lending from $21.00 to $20.00 and set an “equal weight” rating for the company in a research report on Friday, July 26th. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, Morgan Stanley Direct Lending currently has an average rating of “Hold” and an average target price of $21.42.

Morgan Stanley Direct Lending Company Profile

Morgan Stanley Direct Lending Fund is a business development company. It is a non-diversified, externally managed specialty finance company focused on lending to middle-market companies. Morgan Stanley Direct Lending Fund is based in NEW YORK.