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

Morgan Stanley Direct Lending (NYSE:MSDL) posted its earnings results on Thursday. The company reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate 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 the consensus estimate of $107.02 million.

Morgan Stanley Direct Lending Stock Performance

NYSE MSDL traded down $0.36 during trading on Friday, hitting $20.34. 429,425 shares of the company’s stock traded hands, compared to its average volume of 639,006. 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 12-month low of $19.05 and a 12-month high of $24.18. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.56 and a current ratio of 1.56. The business has a 50 day moving average of $20.88 and a 200-day moving average of $20.47.

Wall Street Analyst Weigh In

Separately, Wells Fargo & Company boosted 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 equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $21.63.

About Morgan Stanley Direct Lending

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.