Ambac Financial Group (NYSE:AMBC) Announces Quarterly Earnings Results

Ambac Financial Group (NYSE:AMBC) announced its quarterly earnings data 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. The firm 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 Performance

AMBC traded down $0.67 during trading on Friday, hitting $9.73. The stock had a trading volume of 340,429 shares, compared to its average volume of 486,522. The company has a debt-to-equity ratio of 2.10, a quick ratio of 0.58 and a current ratio of 0.58. Ambac Financial Group has a twelve month low of $9.40 and a twelve month high of $18.45. The firm has a market capitalization of $461.73 million, a P/E ratio of -21.21 and a beta of 1.23. The company’s 50-day moving average price is $11.69 and its 200 day moving average price is $11.71.

About Ambac Financial Group

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.