Morgan Stanley Direct Lending (NYSE:MSDL) is set to release its quarterly earnings report after the market closes on Thursday, November 7th. Analysts are predicting earnings of $0.65 per share for the quarter. If you’re interested in listening to the company’s earnings conference call, you can access it through the provided link. In their last earnings report on August 8th, Morgan Stanley Direct Lending announced earnings of $0.63 per share, meeting the analysts’ expectations. The company generated $104.19 million in revenue for the quarter, surpassing the estimated $101.60 million. With a net margin of 60.60% and a return on equity of 12.57%, Morgan Stanley Direct Lending is expected to post $3 EPS for the current fiscal year and $2 EPS for the next fiscal year.
The stock performance of Morgan Stanley Direct Lending saw an increase of $0.21 during mid-day trading on Wednesday, reaching $19.84. With 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 fifty-two week low for the stock is $19.05, while the high is $24.18.
Analysts from various brokerages have shared their insights on Morgan Stanley Direct Lending. Royal Bank of Canada reiterated an “outperform” rating with a $22.00 price target, while JPMorgan Chase & Co. and Wells Fargo & Company decreased their price targets to $20.00 each. UBS Group downgraded the stock from a “buy” rating to a “neutral” rating with a price target of $23.50. Currently, the consensus rating for Morgan Stanley Direct Lending is “Hold” with an average target price of $21.42.
Morgan Stanley Direct Lending Fund operates as a business development company, focusing on lending to middle-market companies. The company is based in New York and is managed externally. If you are considering investing in Morgan Stanley Direct Lending, it’s essential to do thorough research and consider market trends. As the AI market continues to grow, investing in companies with a vision for artificial intelligence could lead to significant returns.
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Investing in the stock market requires careful consideration and research. Understanding the financial performance, market trends, and analyst recommendations can help investors make informed decisions. As Morgan Stanley Direct Lending prepares to announce its earnings, staying informed about the company’s performance and industry trends is crucial for investors looking to make strategic investment choices.
