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

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

Ambac Financial Group Stock Performance

Shares of AMBC traded up $0.13 during mid-day trading on Wednesday, reaching $10.53. The company had a trading volume of 910,632 shares, compared to its average volume of 435,596. The stock has a market capitalization of $476.22 million, a P/E ratio of 8.01 and a beta of 1.24. Ambac Financial Group has a 52-week low of $10.12 and a 52-week high of $18.45. The stock has a 50 day moving average of $13.08 and a two-hundred day moving average of $14.89. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 2.42.

Wall Street Analyst Weigh In

AMBC has been the topic of several research analyst reports. StockNews.com upgraded Ambac Financial Group from a “sell” rating to a “hold” rating in a research note on Tuesday, May 14th. Compass Point boosted their price target on Ambac Financial Group from $18.00 to $19.00 and gave the stock a “buy” rating in a research note 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.