Ambac Financial Group (AMBC) Scheduled to Post Quarterly Earnings on Wednesday

Ambac Financial Group (NASDAQ:AMBC) is scheduled to release its earnings data after the market closes on Wednesday, November 7th. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Ambac Financial Group (NASDAQ:AMBC) last released its earnings results on Wednesday, August 8th. The financial services provider reported $0.78 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.21. Ambac Financial Group had a return on equity of 11.70% and a net margin of 15.40%. The business had revenue of $150.64 million for the quarter, compared to the consensus estimate of $146.37 million. During the same period last year, the business earned $1.54 earnings per share. The firm’s revenue for the quarter was down 12.9% compared to the same quarter last year.

AMBC stock opened at $20.84 on Monday. Ambac Financial Group has a twelve month low of $13.17 and a twelve month high of $23.34. The stock has a market cap of $944.72 million, a P/E ratio of 4.32 and a beta of 1.50. The company has a debt-to-equity ratio of 6.90, a quick ratio of 0.99 and a current ratio of 0.99.

A number of research firms recently weighed in on AMBC. BidaskClub raised Ambac Financial Group from a “sell” rating to a “hold” rating in a research report on Thursday, October 11th. ValuEngine raised Ambac Financial Group from a “hold” rating to a “buy” rating in a research report on Tuesday, October 30th.

Ambac Financial Group Company Profile

Ambac Financial Group, Inc, a financial services holding company, provides financial guarantees to clients in public and private sectors worldwide. It offers financial guarantee insurance policies and credit derivative contracts for public finance, structured finance, and international finance. The company was founded in 1971 and is headquartered in New York, New York.

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Earnings History for Ambac Financial Group (NASDAQ:AMBC)

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