Ambac Financial Group Stock Price, Forecast & Analysis (NASDAQ:AMBC)

Ambac Financial Group trades on the NASDAQ under the ticker symbol "AMBC."

Ambac Financial Group, Inc. (NASDAQ:AMBC) posted its earnings results on Thursday, November, 7th. The financial services provider reported $1.63 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $1.18 by $0.45. The financial services provider earned $216.16 million during the quarter, compared to analyst estimates of $138.68 million. Ambac Financial Group had a positive return on equity of 10.17% and a negative net margin of 27.53%. The company's revenue for the quarter was up 61.3% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.48) EPS. View Ambac Financial Group's Earnings History.

Ambac Financial Group is scheduled to release their next quarterly earnings announcement on Thursday, February 27th 2020. View Earnings Estimates for Ambac Financial Group.

2 equities research analysts have issued 1-year price targets for Ambac Financial Group's stock. Their forecasts range from $20.00 to $26.00. On average, they expect Ambac Financial Group's share price to reach $23.00 in the next twelve months. This suggests a possible upside of 13.1% from the stock's current price. View Analyst Price Targets for Ambac Financial Group.

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ambac Financial Group in the last year. There are currently 1 hold rating and 1 buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Ambac Financial Group.

Press coverage about AMBC stock has been trending positive on Wednesday, according to InfoTrie. InfoTrie identifies positive and negative press coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Ambac Financial Group earned a news impact score of 2.3 on InfoTrie's scale. They also assigned news articles about the financial services provider a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the stock's share price in the near term. View News Stories for Ambac Financial Group.

Ambac Financial Group saw a decrease in short interest in the month of October. As of October 31st, there was short interest totalling 1,670,000 shares, a decrease of 6.2% from the September 30th total of 1,780,000 shares. Based on an average daily trading volume, of 237,600 shares, the short-interest ratio is presently 7.0 days. Approximately 3.7% of the company's shares are sold short. View Ambac Financial Group's Current Options Chain.

Some companies that are related to Ambac Financial Group include Old Republic International (ORI), Essent Group (ESNT), Radian Group (RDN), MGIC Investment (MTG), Assured Guaranty (AGO), NMI (NMIH), MBIA (MBI) and Syncora (SYCRF).

Based on aggregate information from My MarketBeat watchlists, some companies that other Ambac Financial Group investors own include Energy Transfer LP Unit (ET), CBL & Associates Properties (CBL), Cornerstone Total Return Fund (CRF), Ford Motor (F), Cornerstone Strategic Value Fund (CLM), AGNC Investment (AGNC), Advanced Micro Devices (AMD), Frontier Communications (FTR), Arlington Asset Investment (AI) and CHIMERA INVT CO/SH NEW (CIM).

Ambac Financial Group's stock is owned by many different of institutional and retail investors. Top institutional shareholders include Rhumbline Advisers (0.32%), State of New Jersey Common Pension Fund D (0.29%), California Public Employees Retirement System (0.23%), State of Tennessee Treasury Department (0.09%), State of Alaska Department of Revenue (0.08%) and 6 Meridian (0.06%). Company insiders that own Ambac Financial Group stock include Claude Leblanc, David Trick, Jeffrey Scott Stein, R Sharon Smith and Robert Bryan Eisman. View Institutional Ownership Trends for Ambac Financial Group.

AMBC stock was sold by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd.. View Insider Buying and Selling for Ambac Financial Group.

AMBC stock was purchased by a variety of institutional investors in the last quarter, including State of New Jersey Common Pension Fund D, State of Alaska Department of Revenue, California Public Employees Retirement System, 6 Meridian, 6 Meridian, Rhumbline Advisers and State of Tennessee Treasury Department. Company insiders that have bought Ambac Financial Group stock in the last two years include Claude Leblanc, David Trick, Jeffrey Scott Stein, R Sharon Smith and Robert Bryan Eisman. View Insider Buying and Selling for Ambac Financial Group.

Shares of AMBC can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

One share of AMBC stock can currently be purchased for approximately $20.34.

Ambac Financial Group has a market capitalization of $926.57 million and generates $510.66 million in revenue each year. Ambac Financial Group employs 113 workers across the globe.View Additional Information About Ambac Financial Group.

The official website for Ambac Financial Group is http://www.ambac.com/.

Ambac Financial Group's mailing address is ONE STATE ST PLZ, NEW YORK NY, 10004. The financial services provider can be reached via phone at 212-658-7470 or via email at [email protected]