Nuveen Churchill Direct Lending (NYSE:NCDL) Releases Quarterly Earnings Results, Misses Expectations By $0.01 EPS

Key Points

• Nuveen Churchill Direct Lending reported quarterly EPS of $0.38, missing the consensus estimate of $0.39 by $0.01. Revenue totaled $43.67 million, slightly below the $43.72 million estimate.
• NCDL shares fell 0.8% to $11.30 following the results, remaining well below their 52-week high of $15.07.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $13.62; recent target changes ranged from $13.00 to $13.50.

Nuveen Churchill Direct Lending (NYSE:NCDL - Get Free Report) announced its quarterly earnings results on Tuesday. The company reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.01), Zacks reports. Nuveen Churchill Direct Lending had a net margin of 24.44% and a return on equity of 9.60%. The company had revenue of $43.67 million for the quarter, compared to the consensus estimate of $43.72 million.

Nuveen Churchill Direct Lending Stock Down 0.8%

Shares of NCDL stock traded down $0.09 during trading on Tuesday, hitting $11.30. The company had a trading volume of 81,085 shares, compared to its average volume of 230,966. The stock's 50-day moving average is $11.52 and its two-hundred day moving average is $12.74. The stock has a market capitalization of $558.11 million, a price-to-earnings ratio of 11.88 and a beta of 0.55. Nuveen Churchill Direct Lending has a 52 week low of $10.31 and a 52 week high of $15.07.

Analyst Upgrades and Downgrades

NCDL has been the subject of several recent analyst reports. Keefe, Bruyette & Woods reduced their price objective on shares of Nuveen Churchill Direct Lending from $15.00 to $13.50 and set a "market perform" rating for the company in a research note on Monday, August 10th. Zacks Research raised shares of Nuveen Churchill Direct Lending from a "strong sell" rating to a "hold" rating in a report on Tuesday, July 21st. UBS Group upgraded shares of Nuveen Churchill Direct Lending from a "neutral" rating to a "buy" rating and reduced their price target for the company from $14.75 to $13.00 in a research report on Tuesday, September 1st. Finally, Wall Street Zen raised shares of Nuveen Churchill Direct Lending from a "sell" rating to a "hold" rating in a report on Saturday, July 25th. Two analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $13.62.

About Nuveen Churchill Direct Lending

Nuveen Churchill Direct Lending Corp. NYSE: NCDL is a closed-end investment company that has elected to be regulated as a business development company. The company provides financing to privately owned, primarily U.S.-based middle-market businesses.

NCDL invests mainly in senior secured loans and other debt investments, with a focus on companies that may have limited access to traditional bank financing. Its portfolio may also include unitranche loans, subordinated debt and, to a lesser extent, equity or equity-related investments.

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