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

Ambac Financial Group (NYSE:AMBC) released its quarterly earnings results on Wednesday. The company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.18), Zacks reports. The firm had revenue of $18.93 million for the quarter, compared to the consensus estimate of $24.83 million. Ambac Financial Group had a positive return on equity of 2.51% and a negative net margin of 6.28%.

Ambac Financial Group Stock Performance

NYSE:AMBC opened at $11.65 on Thursday. The stock has a market cap of $552.68 million, a P/E ratio of -25.33 and a beta of 1.23. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 2.10. The stock’s 50-day moving average is $11.72 and its 200-day moving average is $11.72. Ambac Financial Group has a 1-year low of $10.12 and a 1-year high of $18.45.

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.