Borr Drilling (NYSE:BORR) Announces Quarterly Earnings Results

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

Borr Drilling Stock Up 2.9 %

NYSE:BORR opened at $3.07 on Friday. The stock has a market cap of $774.16 million, a price-to-earnings ratio of 9.58 and a beta of 2.84. 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 stock has a 50-day moving average price of $3.57 and a two-hundred day moving average price of $4.52. Borr Drilling has a 1 year low of $2.90 and a 1 year high of $7.26.

Borr Drilling Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Monday, March 3rd will be issued a dividend of $0.02 per share. The ex-dividend date is Monday, March 3rd. This represents a $0.08 annualized dividend and a yield of 2.61%. Borr Drilling’s dividend payout ratio is presently 31.25%.

About Borr Drilling

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.