Ambac Financial Group (AMBC) Set to Announce Earnings on Tuesday

Ambac Financial Group (NYSE:AMBC) will be releasing 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. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Ambac Financial Group Price Performance

Shares of NYSE:AMBC opened at $11.41 on Friday. The firm has a 50 day moving average of $11.30 and a 200-day moving average of $12.86. The stock has a market capitalization of $541.29 million, a PE ratio of 7.22 and a beta of 1.22. 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 12 month low of $10.12 and a 12 month high of $18.45.

Wall Street Analyst Weigh In

Several brokerages have recently commented on AMBC. Roth Mkm upgraded shares of Ambac Financial Group from a “neutral” rating to a “buy” rating and boosted their target price for the company from $13.00 to $15.00 in a research report on Wednesday, September 18th. StockNews.com lowered shares of Ambac Financial Group from a “hold” rating to a “sell” rating in a report on Wednesday, August 14th. Finally, Roth Capital raised shares of Ambac Financial Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 18th.

Insiders Place Their Bets

In other Ambac Financial Group news, Director Kristi Ann Matus bought 2,700 shares of Ambac Financial Group stock in a transaction on Thursday, September 26th. The shares were purchased at an average cost of $11.27 per share, with a total value of $30,429.00. Following the acquisition, the director now directly owns 2,700 shares of the company’s stock, valued at $30,429. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 5.00% of the company’s stock.

Ambac Financial Group Company Profile

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.