Ambac Financial Group, Inc. (AMBC) to Release Earnings on Wednesday
Ambac Financial Group, Inc. (NASDAQ:AMBC) is scheduled to post its quarterly earnings results after the market closes on Wednesday, November 1st. Analysts expect Ambac Financial Group to post earnings of $0.92 per share for the quarter.
Ambac Financial Group (NASDAQ:AMBC) last released its earnings results on Wednesday, August 9th. The financial services provider reported $1.54 earnings per share for the quarter, beating the consensus estimate of $1.22 by $0.32. The company had revenue of $172.85 million during the quarter, compared to the consensus estimate of $127.75 million. Ambac Financial Group had a positive return on equity of 5.74% and a negative net margin of 16.39%. Ambac Financial Group’s revenue was up 36.9% compared to the same quarter last year. During the same period in the previous year, the company posted $2.54 EPS. On average, analysts expect Ambac Financial Group to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Ambac Financial Group, Inc. (AMBC) opened at 16.15 on Wednesday. Ambac Financial Group, Inc. has a 52-week low of $15.67 and a 52-week high of $27.25. The firm’s market capitalization is $730.80 million. The firm has a 50-day moving average price of $17.14 and a 200 day moving average price of $17.89.
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In other news, CEO Claude Leblanc acquired 15,000 shares of the business’s stock in a transaction dated Wednesday, October 4th. The shares were bought at an average cost of $16.64 per share, for a total transaction of $249,600.00. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.61% of the company’s stock.
A number of equities analysts have recently commented on the company. MKM Partners restated a “hold” rating on shares of Ambac Financial Group in a report on Thursday, October 5th. BTIG Research restated a “buy” rating and issued a $26.00 price objective on shares of Ambac Financial Group in a report on Saturday, July 22nd.
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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