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

Ambac Financial Group (NYSE:AMBC) released its quarterly earnings data on Monday. The company reported $0.82 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $103.00 million during the quarter. During the same quarter in the previous year, the business posted ($0.30) earnings per share.

Ambac Financial Group Trading Up 1.6 %

NYSE AMBC opened at $18.32 on Thursday. The company has a market capitalization of $828.43 million, a price-to-earnings ratio of 122.14 and a beta of 1.30. The company has a debt-to-equity ratio of 2.46, a current ratio of 0.72 and a quick ratio of 0.72. Ambac Financial Group has a 12 month low of $11.26 and a 12 month high of $18.45. The firm’s fifty day moving average price is $15.19 and its 200 day moving average price is $15.23.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on AMBC shares. Compass Point increased 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 note on Wednesday. StockNews.com upgraded 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.