Ambac Financial Group (NASDAQ:AMBC) is scheduled to issue its quarterly earnings data after the market closes on Thursday, August 8th. Parties interested in listening to the company’s conference call can do so using this link.
Ambac Financial Group (NASDAQ:AMBC) last issued its quarterly earnings data on Thursday, May 9th. The financial services provider reported ($0.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.04). The business had revenue of $100.37 million during the quarter, compared to the consensus estimate of $79.65 million. Ambac Financial Group had a negative net margin of 37.35% and a negative return on equity of 2.12%. During the same quarter last year, the business earned $7.22 EPS.
Shares of NASDAQ AMBC opened at $18.25 on Wednesday. The firm has a 50 day simple moving average of $17.41. Ambac Financial Group has a 1 year low of $14.44 and a 1 year high of $23.34. The company has a debt-to-equity ratio of 5.20, a current ratio of 1.26 and a quick ratio of 1.26.
Several research analysts have issued reports on the stock. MKM Partners lowered their price target on shares of Ambac Financial Group to $15.00 and set a “neutral” rating for the company in a report on Wednesday, June 12th. BTIG Research assumed coverage on shares of Ambac Financial Group in a report on Friday, August 2nd. They set a “buy” rating and a $26.00 price target for the company. TheStreet lowered shares of Ambac Financial Group from a “c” rating to a “d+” rating in a report on Tuesday, May 14th. Finally, BidaskClub upgraded shares of Ambac Financial Group from a “hold” rating to a “buy” rating in a report on Saturday. One research analyst has rated the stock with a hold rating and three have given a buy rating to the company. Ambac Financial Group presently has a consensus rating of “Buy” and a consensus target price of $20.50.
In related news, CFO David Trick acquired 3,000 shares of Ambac Financial Group stock in a transaction dated Monday, May 13th. The stock was bought at an average price of $16.68 per share, with a total value of $50,040.00. Following the transaction, the chief financial officer now directly owns 53,713 shares in the company, valued at approximately $895,932.84. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Claude Leblanc acquired 2,000 shares of Ambac Financial Group stock in a transaction dated Thursday, May 23rd. The shares were bought at an average cost of $15.95 per share, with a total value of $31,900.00. Following the transaction, the chief executive officer now owns 99,030 shares in the company, valued at $1,579,528.50. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 29,330 shares of company stock valued at $477,972. Insiders own 1.60% of the company’s stock.
Ambac Financial Group Company Profile
Ambac Financial Group, Inc, a financial services holding company, provides financial guarantees to public and private sector clients in the United States, the United Kingdom, Italy, Austria, Australia, France, and Internationally. It offers financial guarantee insurance policies; and credit derivative contracts and Interest rate derivative transactions.
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