Borr Drilling (NYSE:BORR) Announces Earnings Results

Borr Drilling (NYSE:BORR) released its earnings results on Wednesday. The company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.01), Zacks reports. The business had revenue of $263.10 million for the quarter, compared to analyst estimates of $247.78 million. Borr Drilling had a return on equity of 8.27% and a net margin of 8.12%.

Borr Drilling Trading Up 2.9 %

NYSE BORR opened at $3.07 on Friday. Borr Drilling has a 12 month low of $2.90 and a 12 month high of $7.26. The stock has a 50-day simple moving average of $3.57 and a 200 day simple moving average of $4.52. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 1.91. The company has a market capitalization of $774.16 million, a PE ratio of 9.58 and a beta of 2.84.

Borr Drilling Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Monday, March 3rd will be paid a dividend of $0.02 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $0.08 dividend on an annualized basis and a dividend yield of 2.61%. Borr Drilling’s dividend payout ratio (DPR) is presently 31.25%.

Borr Drilling Company Profile

Borr Drilling Limited operates as an offshore shallow-water drilling contractor to the oil and gas industry worldwide. The company owns, contracts, and operates jack-up drilling rigs for operations in shallow-water areas, including the provision of related equipment and work crews to conduct oil and gas drilling and workover operations for exploration and production.