Morgan Stanley Direct Lending (NYSE:MSDL) Releases Earnings Results, Misses Expectations By $0.06 EPS

Morgan Stanley Direct Lending (NYSE:MSDL) announced its quarterly earnings results on Thursday. The company reported $0.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.06), Zacks reports. Morgan Stanley Direct Lending had a return on equity of 12.69% and a net margin of 54.89%. The firm had revenue of $103.00 million during the quarter, compared to analysts’ expectations of $107.02 million.

Morgan Stanley Direct Lending Price Performance

Shares of MSDL stock traded down $0.36 during trading on Friday, hitting $20.34. The company had a trading volume of 429,425 shares, compared to its average volume of 639,006. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.99. The stock’s 50-day moving average is $20.88 and its two-hundred day moving average is $20.47. The stock has a market capitalization of $1.80 billion and a price-to-earnings ratio of 7.98. Morgan Stanley Direct Lending has a 52 week low of $19.05 and a 52 week high of $24.18.

Wall Street Analyst Weigh In

Separately, Wells Fargo & Company increased their price target on shares of Morgan Stanley Direct Lending from $20.00 to $21.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 29th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $21.63.

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.