Q2 2024 EPS Estimates for Ambac Financial Group, Inc. Boosted by Analyst (NYSE:AMBC)

Ambac Financial Group, Inc. (NYSE:AMBC) – Roth Capital boosted their Q2 2024 earnings per share estimates for Ambac Financial Group in a report issued on Tuesday, May 7th. Roth Capital analyst H. Fong now expects that the company will post earnings of $0.19 per share for the quarter, up from their prior forecast of $0.09. The consensus estimate for Ambac Financial Group’s current full-year earnings is $0.45 per share. Roth Capital also issued estimates for Ambac Financial Group’s Q3 2024 earnings at $0.22 EPS, Q4 2024 earnings at $0.22 EPS, FY2024 earnings at $1.45 EPS, Q2 2025 earnings at $0.26 EPS, Q3 2025 earnings at $0.30 EPS, Q4 2025 earnings at $0.30 EPS and FY2025 earnings at $1.20 EPS.

Ambac Financial Group (NYSE:AMBC) last announced its quarterly earnings results on Monday, May 6th. The company reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.21 by $0.61. The firm had revenue of $103.00 million for the quarter. Ambac Financial Group had a return on equity of 6.99% and a net margin of 1.48%. During the same period last year, the firm earned ($0.30) EPS.

A number of other analysts also recently weighed in on AMBC. Compass Point increased their price objective on Ambac Financial Group from $18.00 to $19.00 and gave the company a “buy” rating in a report on Wednesday. StockNews.com raised shares of Ambac Financial Group from a “sell” rating to a “hold” rating in a research report on Wednesday.

Ambac Financial Group Stock Up 1.6 %

NYSE AMBC opened at $18.32 on Thursday. The business has a fifty day moving average price of $15.19 and a two-hundred day moving average price of $15.23. The company has a debt-to-equity ratio of 2.46, a current ratio of 0.72 and a quick ratio of 0.72. Ambac Financial Group has a fifty-two week low of $11.26 and a fifty-two week high of $18.45. The stock has a market capitalization of $828.43 million, a PE ratio of 122.14 and a beta of 1.30.

Institutional Trading of Ambac Financial Group

A number of hedge funds have recently made changes to their positions in AMBC. Hsbc Holdings PLC increased its position in shares of Ambac Financial Group by 27.3% during the third quarter. Hsbc Holdings PLC now owns 305,185 shares of the company’s stock valued at $3,723,000 after buying an additional 65,366 shares during the period. Cornerstone Investment Partners LLC purchased a new stake in Ambac Financial Group in the fourth quarter worth about $178,000. Invesco Ltd. grew its holdings in Ambac Financial Group by 5.9% in the third quarter. Invesco Ltd. now owns 885,456 shares of the company’s stock worth $10,679,000 after purchasing an additional 49,529 shares during the period. American Century Companies Inc. grew its holdings in Ambac Financial Group by 20.6% in the third quarter. American Century Companies Inc. now owns 427,678 shares of the company’s stock worth $5,158,000 after purchasing an additional 73,191 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in Ambac Financial Group by 2.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 640,084 shares of the company’s stock worth $7,719,000 after purchasing an additional 14,466 shares during the period. 84.49% of the stock is owned by institutional investors.

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.