Positive Media Coverage Somewhat Unlikely to Affect Ambac Financial Group (AMBC) Share Price
News headlines about Ambac Financial Group (NASDAQ:AMBC) have trended positive on Sunday, Accern reports. Accern scores the sentiment of press coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Ambac Financial Group earned a news impact score of 0.38 on Accern’s scale. Accern also assigned news headlines about the financial services provider an impact score of 47.0657223071034 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the headlines that may have effected Accern’s scoring:
- Signal Watch on Shares of Ambac Financial Group Inc (AMBC) (currenthollywood.com)
- Ambac Financial Group, Inc. (AMBC) Receives Buy Rating from BTIG Research (campdesrecrues.com)
- Ambac Financial’s (AMBC) CEO Claude LeBlanc on Q2 2017 Results – Earnings Call Transcript (seekingalpha.com)
- Ambac Financial Group, Inc. (AMBC) Given Buy Rating at BTIG Research (overnewsmagazine.com)
- Edited Transcript of AMBC earnings conference call or presentation 10-Aug-17 12:30pm GMT (finance.yahoo.com)
Ambac Financial Group (AMBC) opened at 19.08 on Friday. The stock’s 50 day moving average price is $18.70 and its 200-day moving average price is $19.03. Ambac Financial Group has a 52 week low of $15.67 and a 52 week high of $27.25. The stock’s market capitalization is $863.39 million.
Ambac Financial Group (NASDAQ:AMBC) last issued its quarterly earnings data on Wednesday, August 9th. The financial services provider reported $1.54 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.22 by $0.32. The business had revenue of $172.85 million during the quarter, compared to the consensus estimate of $127.75 million. Ambac Financial Group had a positive return on equity of 5.74% and a negative net margin of 16.39%. The business’s revenue was up 36.9% on a year-over-year basis. During the same period in the previous year, the firm posted $2.54 earnings per share. Equities research analysts expect that Ambac Financial Group will post $0.70 earnings per share for the current year.
A number of equities analysts have recently issued reports on the company. MKM Partners reissued a “neutral” rating and set a $21.00 target price (up from $17.00) on shares of Ambac Financial Group in a research note on Tuesday, July 25th. BTIG Research reissued a “buy” rating and set a $26.00 target price on shares of Ambac Financial Group in a research note on Saturday, July 22nd.
In other Ambac Financial Group news, CEO Claude Leblanc acquired 7,500 shares of Ambac Financial Group stock in a transaction dated Thursday, May 18th. The stock was acquired at an average cost of $16.45 per share, for a total transaction of $123,375.00. Following the completion of the transaction, the chief executive officer now owns 25,400 shares in the company, valued at approximately $417,830. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.00% of the company’s stock.
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