Borr Drilling (NYSE:BORR - Get Free Report) posted its quarterly earnings data 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 net margin of 8.12% and a return on equity of 8.27%. The company had revenue of $263.10 million for the quarter, compared to the consensus estimate of $247.78 million.
Borr Drilling Stock Down 3.4 %
Shares of Borr Drilling stock traded down $0.11 on Friday, reaching $2.95. The company's stock had a trading volume of 5,272,259 shares, compared to its average volume of 5,756,915. The company has a market capitalization of $743.85 million, a price-to-earnings ratio of 9.20 and a beta of 2.84. The firm's fifty day simple moving average is $3.56 and its two-hundred day simple moving average is $4.50. Borr Drilling has a 52 week low of $2.90 and a 52 week high of $7.26. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 1.91.
Borr Drilling Announces Dividend
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 $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 2.72%. The ex-dividend date of this dividend is Monday, March 3rd. Borr Drilling's payout ratio is 31.25%.
Borr Drilling Company Profile
(
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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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