Borr Drilling (BORR) to Release Quarterly Earnings on Wednesday

Borr Drilling (NYSE:BORR) is expected to post 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) last released its quarterly earnings data on Wednesday, February 19th. The company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.01). The business had revenue of $263.10 million for the quarter, compared to analysts’ expectations of $247.78 million. Borr Drilling had a net margin of 8.12% and a return on equity of 8.27%.

Borr Drilling Price Performance

NYSE BORR opened at $1.71 on Tuesday. The company has a market cap of $409.22 million, a PE ratio of 5.34 and a beta of 1.77. Borr Drilling has a 52 week low of $1.62 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. The firm’s 50-day simple moving average is $1.98 and its two-hundred day simple moving average is $2.97.

Borr Drilling Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Monday, March 3rd were issued a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 4.68%. The ex-dividend date was Monday, March 3rd. Borr Drilling’s dividend payout ratio (DPR) is presently 31.25%.

Institutional Investors Weigh In On Borr Drilling

Institutional investors and hedge funds have recently modified their holdings of the company. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Borr Drilling in the first quarter worth about $186,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Borr Drilling by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 140,927 shares of the company’s stock worth $309,000 after buying an additional 6,012 shares in the last quarter. AQR Capital Management LLC purchased a new stake in shares of Borr Drilling in the first quarter worth about $476,000. Finally, Millennium Management LLC lifted its holdings in shares of Borr Drilling by 1,025.5% in the first quarter. Millennium Management LLC now owns 3,810,556 shares of the company’s stock worth $8,345,000 after buying an additional 3,471,979 shares in the last quarter. 83.12% of the stock is owned by hedge funds and other institutional investors.

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.