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Nuveen Churchill Direct Lending Corp. (NCDL)
NYSE:NCDL
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Earnings Data
Report Date
Mar 04, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.59Last Year’s EPS
0.73Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:May 09, 2024
|% Change Since: 1.44%
|Next Earnings Date:Feb 27, 2024
Earnings Call Sentiment|Positive
The earnings call reflected strong financial performance with significant growth in net investment income and a stable credit portfolio. However, challenges such as spread compression and an increase in watch list investments were noted. Overall, the positive financial metrics and optimistic outlook outweigh the challenges.Company Guidance
During the Nuveen Churchill Direct Lending Corp.'s Q3 2024 earnings call, Kenneth Kencel provided robust guidance, highlighting significant financial metrics and strategic directions. The company reported a net investment income of $0.58 per share, surpassing its regular quarterly distribution of $0.45 per share and its special distribution of $0.10 per share. The investment portfolio remained strong, with new originations amounting to approximately $226 million, focusing on senior secured first lien loans. The net asset value increased to $18.15 per share from $18.03 in the previous quarter, reflecting strong portfolio performance. The company maintained a low nonaccrual rate of 0.5% of fair value and 1.4% of cost, with a weighted average internal risk rating of 4.2. The debt-to-equity ratio stood at 1.11x, aligning with the target range. Kencel emphasized strategic portfolio rotation towards traditional middle market investments, which offer wider spreads and attractive terms, expecting this approach to sustain robust performance heading into 2025.Strong Net Investment Income
Generated net investment income of $0.58 per share, fully covering the regular quarterly distribution and special distribution.
Increase in Net Asset Value
Net asset value increased to $18.15 per share from $18.03 per share as of June 30.
Robust Investment Origination
Investment activity during the third quarter included $226 million of new originations, primarily focused on senior secured first lien loans.
Low Nonaccrual Levels
No new nonaccruals during the quarter, with nonaccruals remaining very low at roughly 0.5% of fair value.
Stable Credit Quality
Weighted average internal risk rating remained at 4.2, with a manageable watch list at 5.6% of fair value.
Positive Macroeconomic Outlook
Optimism about NCDL's positioning and continued strong performance expected into 2025.
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Nuveen Churchill Direct Lending Corp. (NCDL) Earnings, Revenues Date & History
NCDL Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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NCDL Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $16.63 | $16.53 | -0.60% |
| Aug 07, 2024 | $16.09 | $16.12 | +0.19% |
| May 09, 2024 | $15.92 | $16.00 | +0.50% |
| Feb 27, 2024 | $14.58 | $14.83 | +1.71% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Nuveen Churchill Direct Lending Corp. (NCDL) report earnings?
Nuveen Churchill Direct Lending Corp. (NCDL) is schdueled to report earning on Mar 04, 2025, TBA Not Confirmed.
What is Nuveen Churchill Direct Lending Corp. (NCDL) earnings time?
Nuveen Churchill Direct Lending Corp. (NCDL) earnings time is at Mar 04, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is NCDL EPS forecast?
NCDL EPS forecast for the fiscal quarter 2024 (Q4) is 0.59.
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