Ambac Financial Group (NYSE:AMBC) Releases Earnings Results, Misses Expectations By $0.01 EPS

Ambac Financial Group (NYSE:AMBC) posted its quarterly earnings results on Monday. The company reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.01), Yahoo Finance reports. Ambac Financial Group had a net margin of 18.09% and a return on equity of 10.69%. The company had revenue of $105.00 million for the quarter. During the same period last year, the firm posted $0.07 EPS.

Ambac Financial Group Trading Down 10.1 %

Shares of Ambac Financial Group stock opened at $10.50 on Wednesday. The company has a debt-to-equity ratio of 2.42, a current ratio of 0.71 and a quick ratio of 0.71. Ambac Financial Group has a 1 year low of $10.12 and a 1 year high of $18.45. The company has a market capitalization of $474.64 million, a P/E ratio of 8.01 and a beta of 1.24. The business has a 50 day moving average price of $13.08 and a 200 day moving average price of $14.89.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on AMBC shares. StockNews.com upgraded shares of Ambac Financial Group from a “sell” rating to a “hold” rating in a research report on Tuesday, May 14th. Compass Point lifted their price target on shares of Ambac Financial Group from $18.00 to $19.00 and gave the company a “buy” rating in a research report on Wednesday, May 8th.

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.