Ambac Financial Group (NYSE:AMBC) Releases Quarterly Earnings Results, Beats Estimates By $0.61 EPS

Ambac Financial Group (NYSE:AMBC) posted its quarterly earnings results on Monday. The company reported $0.82 EPS for the quarter, beating the consensus estimate of $0.21 by $0.61, Zacks reports. Ambac Financial Group had a net margin of 1.48% and a return on equity of 6.99%. The business had revenue of $103.00 million for the quarter. During the same quarter in the prior year, the firm earned ($0.30) earnings per share.

Ambac Financial Group Stock Down 0.8 %

NYSE:AMBC traded down $0.15 during trading hours on Thursday, reaching $18.17. The company’s stock had a trading volume of 32,151 shares, compared to its average volume of 384,241. The company has a market cap of $821.65 million, a price-to-earnings ratio of 122.14 and a beta of 1.30. Ambac Financial Group has a one year low of $11.26 and a one year high of $18.45. The business’s 50-day moving average is $15.19 and its 200-day moving average is $15.23. The company has a debt-to-equity ratio of 2.46, a current ratio of 0.72 and a quick ratio of 0.72.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Compass Point boosted their price target on shares of Ambac Financial Group from $18.00 to $19.00 and gave the company a “buy” rating in a report on Wednesday. StockNews.com upgraded shares of Ambac Financial Group from a “sell” rating to a “hold” rating in a report on Wednesday.

About Ambac Financial Group

Ambac Financial Group, Inc operates as a financial services holding company. It operates three businesses: Specialty Property and Casualty Insurance, Insurance Distribution, and Legacy Financial Guarantee (LFG) Insurance. The Specialty Property and Casualty Insurance business provides specialty property and casualty program insurance with a focus commercial and personal liability risks.