Borr Drilling (NYSE:BORR) Issues Earnings Results, Misses Estimates By $0.01 EPS

Borr Drilling (NYSE:BORR) announced its quarterly earnings results on Wednesday. The company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.01), Zacks reports. Borr Drilling had a return on equity of 8.50% and a net margin of 8.70%.

Borr Drilling Trading Down 2.5 %

BORR opened at $2.99 on Thursday. 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 firm’s 50 day moving average is $3.58 and its 200-day moving average is $4.53. The firm has a market capitalization of $753.95 million, a P/E ratio of 9.05 and a beta of 2.84. Borr Drilling has a 52-week low of $2.91 and a 52-week high of $7.26.

Borr Drilling Company Profile

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.