Ambac Financial Group (AMBC) Scheduled to Post Earnings on Monday

Ambac Financial Group (NYSE:AMBC) will be announcing 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. Individual that wish to register for the company’s earnings conference call can do so using this link.

Ambac Financial Group (NYSE:AMBC) last posted its quarterly earnings data on Wednesday, February 28th. The company reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.29. The company had revenue of $76.00 million for the quarter. Ambac Financial Group had a return on equity of 6.99% and a net margin of 1.48%. During the same quarter in the prior year, the firm earned $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 Stock Performance

Ambac Financial Group stock opened at $14.67 on Friday. Ambac Financial Group has a 52 week low of $11.26 and a 52 week high of $17.80. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 2.46. The stock has a market cap of $663.45 million, a P/E ratio of 97.80 and a beta of 1.30. The stock has a 50 day moving average of $15.16 and a 200-day moving average of $15.09.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of Ambac Financial Group from a “hold” rating to a “sell” rating in a research note on Thursday.

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.