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

Ambac Financial Group (NYSE:AMBC) released its earnings results on Monday. The company reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.61, Zacks reports. The company 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 posted ($0.30) EPS.

Ambac Financial Group Stock Performance

Ambac Financial Group stock opened at $17.91 on Wednesday. Ambac Financial Group has a 1-year low of $11.26 and a 1-year high of $18.38. The firm has a market cap of $809.89 million, a P/E ratio of 120.27 and a beta of 1.30. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 2.46. The firm has a 50-day moving average of $15.16 and a 200-day moving average of $15.21.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Ambac Financial Group from a “sell” rating to a “hold” rating in a research note on Wednesday.

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.