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

Morgan Stanley Direct Lending (NYSE:MSDL) is set to release its earnings data after the market closes on Thursday, May 9th. Analysts expect Morgan Stanley Direct Lending to post earnings of $0.63 per share for the quarter.

Morgan Stanley Direct Lending (NYSE:MSDL) last issued its quarterly earnings results on Friday, March 1st. The company reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business had revenue of $100.80 million for the quarter, compared to analysts’ expectations 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 Stock Down 2.4 %

Shares of MSDL opened at $22.29 on Wednesday. Morgan Stanley Direct Lending has a fifty-two week low of $19.05 and a fifty-two week high of $22.97. The business’s 50 day simple moving average is $21.48. The stock has a market cap of $1.98 billion and a P/E ratio of 7.12. 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 declared a — dividend, which will be paid on Friday, January 24th. Shareholders of record on Monday, November 4th will be paid a $0.10 dividend. The ex-dividend date is Monday, November 4th. This represents a dividend yield of 10.1%. Morgan Stanley Direct Lending’s dividend payout ratio (DPR) is 63.90%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on MSDL shares. Raymond James started coverage on Morgan Stanley Direct Lending in a report on Tuesday, February 20th. They issued an “outperform” rating and a $22.00 target price for the company. Wells Fargo & Company assumed coverage on Morgan Stanley Direct Lending in a research report on Tuesday, February 20th. They set an “equal weight” rating and a $21.00 price objective for the company. JPMorgan Chase & Co. raised their target price on shares of Morgan Stanley Direct Lending from $20.50 to $21.00 and gave the company a “neutral” rating in a report on Friday, April 12th. Royal Bank of Canada reiterated an “outperform” rating and set a $21.00 price target on shares of Morgan Stanley Direct Lending in a report on Monday, March 4th. Finally, UBS Group initiated 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 price objective on the stock. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus 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.