Nuveen Churchill Direct Lending (NCDL) to Release Earnings on Thursday

Nuveen Churchill Direct Lending (NYSE:NCDL) is set to post its quarterly earnings results before the market opens on Thursday, May 9th. Analysts expect Nuveen Churchill Direct Lending to post earnings of $0.49 per share for the quarter.

Nuveen Churchill Direct Lending (NYSE:NCDL) last released its earnings results on Tuesday, February 27th. The company reported $0.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.62 by $0.04. The business had revenue of $48.95 million during the quarter, compared to the consensus estimate of $48.40 million. Nuveen Churchill Direct Lending had a return on equity of 11.91% and a net margin of 46.95%. On average, analysts expect Nuveen Churchill Direct Lending to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Nuveen Churchill Direct Lending Trading Up 0.2 %

NCDL stock opened at $17.58 on Tuesday. The business’s fifty day moving average price is $17.37. Nuveen Churchill Direct Lending has a fifty-two week low of $16.00 and a fifty-two week high of $18.10. The company has a quick ratio of 2.28, a current ratio of 2.28 and a debt-to-equity ratio of 1.26.

Nuveen Churchill Direct Lending Announces Dividend

The firm also recently announced a — dividend, which will be paid on Monday, October 28th. Stockholders of record on Monday, August 12th will be paid a $0.10 dividend. The ex-dividend date is Monday, August 12th. This represents a dividend yield of 10.3%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on NCDL. UBS Group began coverage on Nuveen Churchill Direct Lending in a research report on Tuesday, February 20th. They issued a “neutral” rating and a $18.00 price target for the company. Bank of America started coverage on Nuveen Churchill Direct Lending in a research note on Tuesday, February 20th. They issued a “buy” rating and a $19.00 target price on the stock. Keefe, Bruyette & Woods started coverage on Nuveen Churchill Direct Lending in a report on Tuesday, February 20th. They set a “market perform” rating and a $18.50 price objective for the company. Truist Financial began coverage on shares of Nuveen Churchill Direct Lending in a report on Tuesday, February 20th. They set a “buy” rating and a $19.00 price objective for the company. Finally, JMP Securities reiterated a “market outperform” rating and issued a $18.50 price objective on shares of Nuveen Churchill Direct Lending in a report on Tuesday, March 26th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Nuveen Churchill Direct Lending currently has an average rating of “Moderate Buy” and a consensus target price of $18.50.

Nuveen Churchill Direct Lending Company Profile

Nuveen Churchill Direct Lending Corp. is a specialty finance company focused primarily on investing in senior secured loans to private equity-owned U.S. middle market companies. It has elected to be regulated as a business development company. Nuveen Churchill Direct Lending Corp. is based in NEW YORK.