Borr Drilling (BORR) Set to Announce Earnings on Wednesday

Posted by Defense World Staff on Oct 30th, 2024

Borr Drilling (NYSE:BORR – Get Free Report) is scheduled to be posting its quarterly earnings results after the market closes on Wednesday, November 6th. Parties that are interested in registering for the company’s conference call can do so using this link.

Borr Drilling (NYSE:BORR – Get Free Report) last released its earnings results on Wednesday, August 14th. The company reported $0.12 earnings per share for the quarter. Borr Drilling had a return on equity of 7.69% and a net margin of 8.15%. The company had revenue of $271.90 million during the quarter.

Borr Drilling Stock Down 3.6 %

Shares of NYSE BORR opened at $4.29 on Wednesday. The stock has a market capitalization of $654.23 million, a P/E ratio of 25.24 and a beta of 2.99. Borr Drilling has a one year low of $4.17 and a one year high of $7.61. The firm’s 50 day simple moving average is $5.48 and its two-hundred day simple moving average is $5.95. The company has a debt-to-equity ratio of 1.75, a current ratio of 1.57 and a quick ratio of 1.57.

Borr Drilling Announces Dividend

The business also recently disclosed 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. The ex-dividend date was Thursday, August 22nd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 9.32%. Borr Drilling’s dividend payout ratio (DPR) is currently 58.82%.

Wall Street Analysts Forecast Growth

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 report on Friday, September 13th.

View Our Latest Research Report on Borr Drilling

Borr Drilling Company Profile

(Get Free Report)

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.