Ambac Financial Group (AMBC) to Release Quarterly Earnings on Tuesday

Ambac Financial Group (NYSE:AMBC) is scheduled to post its quarterly earnings results after the market closes on Tuesday, November 12th. Analysts expect Ambac Financial Group to post earnings of $0.14 per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Ambac Financial Group (NYSE:AMBC) last announced its earnings results on Monday, August 5th. The company reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.01). The business had revenue of $105.00 million for the quarter. Ambac Financial Group had a return on equity of 10.79% and a net margin of 19.27%. During the same period in the prior year, the firm posted $0.07 EPS. On average, analysts expect Ambac Financial Group to post $1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Ambac Financial Group Stock Performance

Shares of AMBC stock remained flat at $11.21 during trading hours on Tuesday. 130,852 shares of the stock traded hands, compared to its average volume of 448,013. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 2.37. Ambac Financial Group has a twelve month low of $10.12 and a twelve month high of $18.45. The firm has a market capitalization of $531.80 million, a PE ratio of 7.09 and a beta of 1.22. The stock has a fifty day moving average of $11.32 and a two-hundred day moving average of $12.96.

Insider Buying and Selling

In related news, Director Kristi Ann Matus purchased 2,700 shares of the company’s stock in a transaction that occurred on Thursday, September 26th. The stock was purchased at an average price of $11.27 per share, with a total value of $30,429.00. Following the completion of the transaction, the director now owns 2,700 shares of the company’s stock, valued at approximately $30,429. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Kristi Ann Matus purchased 2,700 shares of the stock in a transaction on Thursday, September 26th. The stock was purchased at an average price of $11.27 per share, with a total value of $30,429.00. Following the completion of the transaction, the director now owns 2,700 shares in the company, valued at approximately $30,429. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO David Trick acquired 3,700 shares of the business’s stock in a transaction dated Wednesday, August 7th. The stock was purchased at an average price of $10.76 per share, for a total transaction of $39,812.00. Following the completion of the acquisition, the chief financial officer now owns 156,082 shares in the company, valued at approximately $1,679,442.32. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 37,500 shares of company stock valued at $407,445. Insiders own 5.00% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on AMBC. StockNews.com cut shares of Ambac Financial Group from a “hold” rating to a “sell” rating in a research note on Wednesday, August 14th. Roth Capital upgraded Ambac Financial Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 18th. Finally, Roth Mkm upgraded Ambac Financial Group from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $13.00 to $15.00 in a report on Wednesday, September 18th.

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.