Ambac Financial Group (NYSE:AMBC) Announces Earnings Results

Ambac Financial Group (NYSE:AMBC) released its quarterly earnings results 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. The business had revenue of $103.00 million during the quarter. Ambac Financial Group had a return on equity of 6.99% and a net margin of 1.48%. During the same period last year, the firm earned ($0.30) EPS.

Ambac Financial Group Trading Up 0.1 %

Ambac Financial Group stock traded up $0.01 during trading on Wednesday, hitting $18.05. The company’s stock had a trading volume of 63,076 shares, compared to its average volume of 379,081. The company has a debt-to-equity ratio of 2.46, a quick ratio of 0.72 and a current ratio of 0.72. The stock has a market capitalization of $816.22 million, a price-to-earnings ratio of 120.27 and a beta of 1.30. The stock’s fifty day moving average is $15.16 and its 200 day moving average is $15.21. Ambac Financial Group has a 1-year low of $11.26 and a 1-year high of $18.38.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Ambac Financial Group from a “sell” rating to a “hold” rating in a research 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.