Borr Drilling (NYSE:BORR) Issues Quarterly Earnings Results, Misses Estimates By $0.05 EPS

Borr Drilling (NYSE:BORRGet Free Report) issued its quarterly earnings data on Wednesday. The company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.05), Zacks reports. Borr Drilling had a return on equity of 7.69% and a net margin of 8.15%. The company had revenue of $241.60 million for the quarter.

Borr Drilling Price Performance

Shares of BORR stock opened at $4.07 on Friday. Borr Drilling has a 12 month low of $4.00 and a 12 month high of $7.61. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 1.75. The stock has a 50-day moving average price of $5.19 and a 200 day moving average price of $5.88.

Borr Drilling Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 11th. Stockholders of record on Thursday, August 22nd were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 9.83%. The ex-dividend date was Thursday, August 22nd. Borr Drilling’s dividend payout ratio (DPR) is presently 34.48%.

Analyst Upgrades and Downgrades

Separately, Evercore ISI raised shares of Borr Drilling from an “in-line” rating to an “outperform” rating and set a $9.00 price target on the stock in a research note on Friday, September 13th.

View Our Latest Research Report on BORR

About Borr Drilling

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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.

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Earnings History for Borr Drilling (NYSE:BORR)

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