Ambac Financial Group Inc (NYSE: AMBC) has reported a loss for its fourth fiscal quarter (ending December 31) of $-0.24 versus $3.93 for the same period a year ago — a decline of -106%. This result fell short of the consensus estimate of $0.06 by $-0.30. For the latest four quarters through December 31, E.P.S. were $0.18 versus $11.48 for the same period a year ago — a decline of -98%.
Recent Price Action
Ambac Financial Group Inc (NYSE: AMBC) stock declined slightly by -0.8% on 2/27/24. The stock closed at $16.54. NORMAL trading volume accompanied the decline. The stock has been exceptionally strong relative to the market over the last nine months and has risen 5.7% during the last week.
Current PriceTarget Research Rating
AMBC is expected to be Value Creation neutral reflecting capital returns that are forecasted to be in line with the cost of capital.
Ambac Financial Group has a current Value Trend Rating of B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Ambac Financial Group has a neutral Appreciation Score of 46 but a very high Power Rating of 91, leading to the Positive Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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