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

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

Ambac Financial Group Stock Performance

Shares of NYSE AMBC opened at $10.51 on Thursday. The stock has a market cap of $475.31 million, a price-to-earnings ratio of 8.02 and a beta of 1.24. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 2.42. Ambac Financial Group has a 1-year low of $10.12 and a 1-year high of $18.45. The stock’s 50-day moving average is $12.95 and its 200 day moving average is $14.86.

Analyst Upgrades and Downgrades

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

Ambac Financial Group Company Profile

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.