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OFFON

AMBAC FINANCIAL GROUP, INC.

(AMBC)
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Ambac: Q2 Earnings Snapshot

08/05/2021 | 05:59pm EDT

NEW YORK (AP) _ Ambac Financial Group Inc. (AMBC) on Thursday reported a loss of $29 million in its second quarter.

The New York-based company said it had a loss of 63 cents per share. Losses, adjusted for non-recurring costs, were 30 cents per share.

The bond insurer posted revenue of $49 million in the period. Its adjusted revenue was $60 million.

Ambac shares have dropped almost 5% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $14.65, a climb of roughly 10% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AMBC at https://www.zacks.com/ap/AMBC

Copyright by Automated Insights, Inc. All rights reserved., source Associated Press News

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Analyst Recommendations on AMBAC FINANCIAL GROUP, INC.
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Financials (USD)
Sales 2021 291 M - -
Net income 2021 -80,3 M - -
Net Debt 2021 - - -
P/E ratio 2021 -7,02x
Yield 2021 -
Capitalization 655 M 655 M -
Capi. / Sales 2021 2,25x
Capi. / Sales 2022 3,12x
Nbr of Employees 125
Free-Float 98,0%
Chart AMBAC FINANCIAL GROUP, INC.
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Technical analysis trends AMBAC FINANCIAL GROUP, INC.
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TrendsNeutralBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 1
Last Close Price 14,18 $
Average target price 17,00 $
Spread / Average Target 19,9%
EPS Revisions
Managers and Directors
Claude L. LeBlanc President, Chief Executive Officer & Director
David Trick Chief Financial Officer, Treasurer & Executive VP
Jeffrey Scott Stein Independent Chairman
Michael Reilly Chief Information & Administrative Officer
C. James Prieur Independent Director
Sector and Competitors