Morgan Stanley Direct Lending (NYSE:MSDL - Get Free Report) is scheduled to post 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 are interested in participating in the company's earnings conference call can do so using this link.
Morgan Stanley Direct Lending (NYSE:MSDL - Get Free Report) last announced 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. The business had revenue of $104.19 million during the quarter, compared to analysts' expectations of $101.60 million. Morgan Stanley Direct Lending had a net margin of 60.60% and a return on equity of 12.57%. 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 Price Performance
Shares of Morgan Stanley Direct Lending stock traded up $0.21 during mid-day trading on Wednesday, reaching $19.84. 446,100 shares of the stock were exchanged, compared to its average volume of 175,421. The company has a market cap of $1.77 billion and a price-to-earnings ratio of 6.68. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.89. The firm has a 50-day simple moving average of $19.94 and a 200 day simple moving average of $20.04. Morgan Stanley Direct Lending has a fifty-two week low of $19.05 and a fifty-two week high of $24.18.
Analyst Upgrades and Downgrades
A number of brokerages have commented on MSDL. Royal Bank of Canada reissued an "outperform" rating and set a $22.00 price objective on shares of Morgan Stanley Direct Lending in a report on Friday, September 13th. JPMorgan Chase & Co. decreased their price objective on shares of Morgan Stanley Direct Lending from $22.00 to $20.00 and set a "neutral" rating on the stock in a report on Monday, July 29th. 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 on the stock in a report on Friday, July 26th. Finally, UBS Group lowered shares of Morgan Stanley Direct Lending from a "buy" rating to a "neutral" rating and set a $23.50 price objective on the stock. in a report on Thursday, July 18th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $21.42.
Get Our Latest Stock Analysis on MSDL
About Morgan Stanley Direct Lending
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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.
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