Ambac Financial Group (AMBC) to Release Earnings on Monday

Ambac Financial Group (NYSE:AMBC) is set to post its quarterly earnings results after the market closes on Monday, August 5th. Analysts expect Ambac Financial Group to post earnings of $0.19 per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Ambac Financial Group (NYSE:AMBC) last announced its earnings results on Monday, May 6th. The company reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.61. Ambac Financial Group had a return on equity of 10.69% and a net margin of 18.09%. The firm had revenue of $103.00 million during the quarter. During the same period in the prior year, the business earned ($0.30) earnings per share. On average, analysts expect Ambac Financial Group to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Ambac Financial Group Trading Down 2.4 %

Shares of Ambac Financial Group stock opened at $12.18 on Friday. Ambac Financial Group has a 1 year low of $11.26 and a 1 year high of $18.45. The firm has a market cap of $550.84 million, a PE ratio of 9.30 and a beta of 1.24. The stock has a fifty day moving average price of $13.33 and a 200-day moving average price of $14.96. The company has a debt-to-equity ratio of 2.42, a current ratio of 0.71 and a quick ratio of 0.71.

Analyst Upgrades and Downgrades

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

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.