Morgan Stanley Direct Lending (MSDL) Scheduled to Post Quarterly Earnings on Thursday

Morgan Stanley Direct Lending (NYSE:MSDL) will be announcing its earnings results after the market closes on Thursday, May 9th. Analysts expect the company to announce earnings of $0.63 per share for the quarter.

Morgan Stanley Direct Lending (NYSE:MSDL) last issued its earnings results on Friday, March 1st. The company reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.01. Morgan Stanley Direct Lending had a net margin of 62.81% and a return on equity of 13.08%. The firm had revenue of $100.80 million during the quarter, compared to the consensus estimate of $97.34 million. On average, analysts expect Morgan Stanley Direct Lending to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Morgan Stanley Direct Lending Price Performance

Morgan Stanley Direct Lending stock opened at $22.29 on Wednesday. The company has a fifty day simple moving average of $21.48. The firm has a market capitalization of $1.98 billion and a PE ratio of 7.12. Morgan Stanley Direct Lending has a 1-year low of $19.05 and a 1-year high of $22.97. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.26 and a current ratio of 1.26.

Morgan Stanley Direct Lending Cuts Dividend

The firm also recently announced a — dividend, which will be paid on Friday, January 24th. Investors of record on Monday, November 4th will be paid a dividend of $0.10 per share. This represents a yield of 10.1%. The ex-dividend date of this dividend is Monday, November 4th. Morgan Stanley Direct Lending’s payout ratio is 63.90%.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Raymond James started coverage on shares of Morgan Stanley Direct Lending in a research note on Tuesday, February 20th. They issued an “outperform” rating and a $22.00 price target on the stock. UBS Group started coverage on shares of Morgan Stanley Direct Lending in a research report on Tuesday, February 20th. They issued a “buy” rating and a $23.50 target price on the stock. Royal Bank of Canada reissued an “outperform” rating and issued a $21.00 price target on shares of Morgan Stanley Direct Lending in a research report on Monday, March 4th. Keefe, Bruyette & Woods initiated coverage on shares of Morgan Stanley Direct Lending in a research note on Tuesday, February 20th. They issued a “market perform” rating and a $21.00 price objective for the company. Finally, JPMorgan Chase & Co. lifted their target price on Morgan Stanley Direct Lending from $20.50 to $21.00 and gave the stock a “neutral” rating in a research report on Friday, April 12th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Morgan Stanley Direct Lending has a consensus rating of “Moderate Buy” and an average target price of $21.58.

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.