Nuveen Churchill Direct Lending (NCDL) Scheduled to Post Quarterly Earnings on Thursday

Nuveen Churchill Direct Lending (NYSE:NCDL) will be announcing its earnings results before the market opens on Thursday, May 9th. Analysts expect the company to announce earnings of $0.49 per share for the quarter.

Nuveen Churchill Direct Lending (NYSE:NCDL) last released its quarterly earnings data on Tuesday, February 27th. The company reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.04. The business had revenue of $48.95 million during the quarter, compared to analysts’ expectations of $48.40 million. Nuveen Churchill Direct Lending had a net margin of 46.95% and a return on equity of 11.91%. On average, analysts expect Nuveen Churchill Direct Lending to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Nuveen Churchill Direct Lending Price Performance

NYSE:NCDL opened at $17.55 on Wednesday. Nuveen Churchill Direct Lending has a 12 month low of $16.00 and a 12 month high of $18.10. The company has a debt-to-equity ratio of 1.26, a quick ratio of 2.28 and a current ratio of 2.28. The company has a fifty day simple moving average of $17.38.

Nuveen Churchill Direct Lending Announces Dividend

The firm also recently disclosed a — dividend, which will be paid on Monday, April 28th. Stockholders of record on Wednesday, February 12th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a dividend yield of 10.3%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on NCDL. JMP Securities restated a “market outperform” rating and set a $18.50 target price on shares of Nuveen Churchill Direct Lending in a research note on Tuesday, March 26th. Wells Fargo & Company initiated coverage on shares of Nuveen Churchill Direct Lending in a research note on Tuesday, February 20th. They set an “equal weight” rating and a $18.00 price target on the stock. Bank of America began coverage on shares of Nuveen Churchill Direct Lending in a research note on Tuesday, February 20th. They issued a “buy” rating and a $19.00 price objective for the company. Keefe, Bruyette & Woods started coverage on Nuveen Churchill Direct Lending in a research report on Tuesday, February 20th. They set a “market perform” rating and a $18.50 target price on the stock. Finally, UBS Group assumed coverage on Nuveen Churchill Direct Lending in a report on Tuesday, February 20th. They issued a “neutral” rating and a $18.00 target price for the company. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Nuveen Churchill Direct Lending currently has an average rating of “Moderate Buy” and an average target price of $18.50.

About Nuveen Churchill Direct Lending

Nuveen Churchill Direct Lending Corp. is a specialty finance company focused primarily on investing in senior secured loans to private equity-owned U.S. middle market companies. It has elected to be regulated as a business development company. Nuveen Churchill Direct Lending Corp. is based in NEW YORK.