Ambac Financial Group (AMBC) Set to Announce Earnings on Tuesday

Ambac Financial Group (NYSE:AMBC - Get Free Report) is set to post its quarterly earnings results after the market closes on Tuesday, November 12th. Analysts expect Ambac Financial Group to post earnings of $0.14 per share for the quarter. Individual 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 quarterly earnings results on Monday, August 5th. The company reported $0.18 EPS for the quarter, missing analysts' consensus estimates of $0.19 by ($0.01). The business had revenue of $105.00 million for the quarter. Ambac Financial Group had a return on equity of 10.79% and a net margin of 19.27%. During the same quarter in the prior year, the business earned $0.07 EPS. On average, analysts expect Ambac Financial Group to post $1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Ambac Financial Group Stock Performance

Ambac Financial Group stock traded up $0.04 during mid-day trading on Tuesday, reaching $11.25. 581,705 shares of the company's stock were exchanged, compared to its average volume of 450,120. The business's fifty day simple moving average is $11.31 and its 200 day simple moving average is $12.94. The firm has a market capitalization of $533.70 million, a PE ratio of 7.10 and a beta of 1.22. Ambac Financial Group has a one year low of $10.12 and a one year high of $18.45. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 2.37.

Insider Buying and Selling

In other Ambac Financial Group news, Director Kristi Ann Matus bought 2,700 shares of Ambac Financial Group stock in a transaction that occurred on Thursday, September 26th. The stock was acquired at an average cost of $11.27 per share, for a total transaction of $30,429.00. Following the completion of the transaction, the director now directly owns 2,700 shares in the company, valued at $30,429. The purchase was disclosed in a legal filing with the SEC, which is available through this link. In other news, CFO David Trick acquired 3,700 shares of the business's stock in a transaction dated Wednesday, August 7th. The stock was purchased at an average cost of $10.76 per share, for a total transaction of $39,812.00. Following the acquisition, the chief financial officer now owns 156,082 shares of the company's stock, valued at $1,679,442.32. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Kristi Ann Matus acquired 2,700 shares of the business's stock in a transaction dated Thursday, September 26th. The stock was purchased at an average price of $11.27 per share, with a total value of $30,429.00. Following the completion of the acquisition, the director now directly owns 2,700 shares in the company, valued at approximately $30,429. The disclosure for this purchase can be found here. Insiders acquired a total of 37,500 shares of company stock worth $407,445 over the last ninety days. 5.00% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Roth Capital upgraded Ambac Financial Group from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, September 18th. Roth Mkm upgraded Ambac Financial Group from a "neutral" rating to a "buy" rating and lifted their price target for the company from $13.00 to $15.00 in a research report on Wednesday, September 18th. Finally, StockNews.com cut Ambac Financial Group from a "hold" rating to a "sell" rating in a research report on Wednesday, August 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.