Ambac Financial Group (NYSE:AMBC - Get Free Report) will announce its earnings results after the market closes on Monday, May 6th. Analysts expect the company to announce earnings of $0.21 per share for the quarter. Persons that are interested in registering for the company's earnings conference call can do so using this link.
Ambac Financial Group (NYSE:AMBC - Get Free Report) last issued its earnings results on Wednesday, February 28th. The company reported $0.32 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.03 by $0.29. Ambac Financial Group had a return on equity of 6.99% and a net margin of 1.48%. The business had revenue of $76.00 million during the quarter. During the same period in the previous year, the company posted $4.18 earnings per share. On average, analysts expect Ambac Financial Group to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Ambac Financial Group Price Performance
Shares of NYSE:AMBC traded up $0.16 on Monday, hitting $14.75. The stock had a trading volume of 271,978 shares, compared to its average volume of 369,951. The company has a market capitalization of $667.00 million, a price-to-earnings ratio of 98.34 and a beta of 1.30. 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 firm's 50 day moving average price is $15.29 and its 200-day moving average price is $15.05. Ambac Financial Group has a twelve month low of $11.26 and a twelve month high of $17.80.
Wall Street Analyst Weigh In
Separately, StockNews.com lowered shares of Ambac Financial Group from a "hold" rating to a "sell" rating in a report on Friday.
Check Out Our Latest Stock Report on AMBC
About Ambac Financial Group
(
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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.
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