Ambac Financial Group (NYSE:AMBC) Announces Earnings Results, Misses Estimates By $0.18 EPS

Ambac Financial Group (NYSE:AMBC) posted its quarterly earnings results on Wednesday. The company reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.18), Zacks reports. The company had revenue of $18.93 million during the quarter, compared to analyst estimates of $24.83 million. Ambac Financial Group had a negative net margin of 6.28% and a positive return on equity of 2.51%.

Ambac Financial Group Stock Down 2.1 %

AMBC stock opened at $11.65 on Thursday. The company has a market cap of $552.68 million, a PE ratio of -25.33 and a beta of 1.23. The business has a 50-day simple moving average of $11.72 and a 200 day simple moving average of $11.72. Ambac Financial Group has a 52 week low of $10.12 and a 52 week high of $18.45. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 2.10.

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.