Borr Drilling (BORR) Expected to Announce Quarterly Earnings on Wednesday

Borr Drilling (NYSE:BORR - Get Free Report) will likely be posting its Q1 2025 quarterly earnings results after the market closes on Wednesday, May 21st. Analysts expect Borr Drilling to post earnings of ($0.03) per share and revenue of $231.17 million for the quarter.

Borr Drilling (NYSE:BORR - Get Free Report) last posted its quarterly earnings results on Wednesday, February 19th. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.01). The business had revenue of $263.10 million during 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 Price Performance

Borr Drilling stock traded down $0.05 during mid-day trading on Friday, hitting $1.78. The company's stock had a trading volume of 4,152,361 shares, compared to its average volume of 3,779,809. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 1.91. The stock has a market capitalization of $424.77 million, a P/E ratio of 5.55 and a beta of 1.77. Borr Drilling has a twelve month low of $1.62 and a twelve month high of $7.26. The stock's fifty day moving average price is $2.01 and its two-hundred day moving average price is $3.02.

Borr Drilling Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Monday, March 3rd were given a $0.02 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.08 annualized dividend and a yield of 4.51%. Borr Drilling's dividend payout ratio (DPR) is 31.25%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in BORR. Dynamic Technology Lab Private Ltd acquired a new position in Borr Drilling in the 1st quarter worth approximately $186,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Borr Drilling by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 140,927 shares of the company's stock worth $309,000 after purchasing an additional 6,012 shares during the period. AQR Capital Management LLC acquired a new position in Borr Drilling in the 1st quarter worth approximately $476,000. Finally, Millennium Management LLC boosted its stake in Borr Drilling by 1,025.5% in the 1st quarter. Millennium Management LLC now owns 3,810,556 shares of the company's stock worth $8,345,000 after purchasing an additional 3,471,979 shares during the period. Institutional investors and hedge funds own 83.12% of the company's stock.

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.