Ambac Financial Group (NASDAQ:AMBC) announced its quarterly earnings data on Monday. The financial services provider reported $0.12 EPS for the quarter, missing the Zacks’ consensus estimate of $1.02 by ($0.90), Bloomberg Earnings reports. Ambac Financial Group had a negative net margin of 60.33% and a negative return on equity of 9.68%. The firm had revenue of $189.20 million during the quarter, compared to analysts’ expectations of $176.79 million. During the same period in the prior year, the company posted ($0.28) earnings per share. The company’s revenue for the quarter was up 42.3% on a year-over-year basis.
Shares of Ambac Financial Group (AMBC) traded down $0.01 during trading hours on Wednesday, hitting $15.15. 347,949 shares of the company’s stock were exchanged, compared to its average volume of 428,824. Ambac Financial Group has a 52 week low of $13.17 and a 52 week high of $23.55. The company has a debt-to-equity ratio of 7.46, a quick ratio of 0.38 and a current ratio of 0.38. The stock has a market cap of $711.35, a P/E ratio of -1.70 and a beta of 1.81.
Ambac Financial Group Company Profile
Ambac Financial Group, Inc, a financial services holding company, provides financial guarantees and other financial services to clients in both the public and private sectors worldwide. It operates through two segments, Financial Guarantee and Financial Services. The Financial Guarantee segment provides financial guarantees, including insurance policies and credit derivative contracts for public finance, structured finance, and international obligations.
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