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

Ambac Financial Group (NYSE:AMBC) released 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. 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 analyst estimates of $24.83 million.

Ambac Financial Group Trading Down 6.4 %

Shares of AMBC traded down $0.67 during trading on Friday, reaching $9.73. 340,429 shares of the company traded hands, compared to its average volume of 486,522. Ambac Financial Group has a twelve month low of $9.40 and a twelve month high of $18.45. The stock has a market cap of $461.73 million, a PE ratio of -21.21 and a beta of 1.23. The stock has a 50-day simple moving average of $11.69 and a 200-day simple moving average of $11.71. 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.