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Nuveen Churchill Direct Lending Corp. (NCDL)
NYSE:NCDL
RESEARCH TOOLSreports
Earnings Data
Report Date
May 08, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.56Last Year’s EPS
0.57Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 27, 2025
|% Change Since: -2.98%
|Next Earnings Date:May 08, 2025
Earnings Call Sentiment|Positive
The earnings call presented a strong performance for 2024 with significant achievements such as a successful IPO, robust returns, and record origination volumes. However, challenges like spread compression and restructuring impacts slightly tempered the results.Company Guidance
During the fourth quarter and full year 2024 earnings call for Nuveen Churchill Direct Lending Corp. (NCDL), several key financial metrics were highlighted. NCDL reported a return on equity (ROE) of 12.4% on net investment income for the year. The company paid total distributions of $2.10 per share, offering an 11.6% yield based on the year-end net asset value (NAV) of $18.18 per share. New investments reached over $950 million, a 40% increase year-over-year, while the net investment income for Q4 2024 was $0.56 per share, covering the regular and special dividends of $0.55 per share. The investment portfolio remained robust, with only 0.1% of the portfolio on nonaccrual status. NCDL's debt-to-equity ratio stood at 1.15x, within the target range of 1.0x to 1.25x. Despite market challenges, the company's weighted average internal risk rating was stable at 4.1, and the portfolio's credit quality remained strong, with leverage at 4.9x and interest coverage at 2.2x. Looking forward, NCDL aims to continue its focus on the middle market pipeline, leveraging its extensive network and maintaining a diversified portfolio.Successful IPO and Market Listing
NCDL completed its initial public offering in January 2024 and listed on the New York Stock Exchange.
Strong Return on Equity
NCDL generated a 12.4% return on equity on net investment income for the full year of 2024.
Significant Increase in New Investments
The investment team deployed over $950 million of new investments, marking an increase of over 40% year-over-year.
Low Nonaccrual Rate
The investment portfolio ended the year with only one portfolio company on nonaccrual status, representing 0.1% of the total portfolio at fair value.
Record Origination Volume
The Churchill platform experienced a record year of origination volume, investing over $13 billion across approximately 400 transactions.
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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 |
|---|---|---|---|
| Feb 27, 2025 | $17.76 | $17.43 | -1.86% |
| Nov 07, 2024 | $16.54 | $16.43 | -0.67% |
| Aug 07, 2024 | $16.00 | $16.03 | +0.19% |
| May 09, 2024 | $15.83 | $15.91 | +0.51% |
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 May 08, 2025, TBA Not Confirmed.
What is Nuveen Churchill Direct Lending Corp. (NCDL) earnings time?
Nuveen Churchill Direct Lending Corp. (NCDL) earnings time is at May 08, 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 2025 (Q1) is 0.56.
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