Ambac Financial Group (NYSE:AMBC) Posts Earnings Results

Ambac Financial Group (NYSE:AMBC - Get Free Report) issued its quarterly earnings results on Wednesday. The company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.18), Zacks reports. Ambac Financial Group had a positive return on equity of 2.51% and a negative net margin of 6.28%. The firm had revenue of $18.93 million for the quarter, compared to the consensus estimate of $24.83 million.

Ambac Financial Group Price Performance

AMBC stock traded down $0.70 during mid-day trading on Friday, hitting $9.70. 1,603,363 shares of the stock were exchanged, compared to its average volume of 523,050. The company has a debt-to-equity ratio of 2.10, a current ratio of 0.58 and a quick ratio of 0.58. The business has a fifty day moving average price of $11.64 and a 200 day moving average price of $11.71. Ambac Financial Group has a 12 month low of $9.21 and a 12 month high of $18.45. The stock has a market capitalization of $460.20 million, a price-to-earnings ratio of -21.09 and a beta of 1.23.

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.