Solstice Advanced Mat (SOLS) to Issue Quarterly Dividend of $0.07 on December 10th

Solstice Advanced Mat (NASDAQ:SOLS) declared a quarterly dividend on Tuesday, November 3rd. Shareholders of record on Wednesday, November 25th will be given a dividend of $0.0750 per share on Thursday, December 10th. This represents a $0.30 annualized dividend and a yield of 0.5%. The ex-dividend date is Wednesday, November 25th.

Solstice Advanced Mat Stock Performance

Shares of SOLS opened at $57.70 on Thursday. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.08 and a current ratio of 1.46. The firm has a market cap of $9.17 billion and a P/E ratio of 32.60. The firm’s 50 day moving average price is $59.94 and its two-hundred day moving average price is $69.97. Solstice Advanced Mat has a twelve month low of $40.43 and a twelve month high of $90.80.

Solstice Advanced Mat (NASDAQ:SOLS) last released its earnings results on Wednesday, November 4th. The company reported $0.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.11. Solstice Advanced Mat had a return on equity of 14.28% and a net margin of 5.13%. The business had revenue of $1.05 billion for the quarter. On average, analysts forecast that Solstice Advanced Mat will post 2.87 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on SOLS shares. Royal Bank Of Canada restated an “outperform” rating and set a $82.00 price objective on shares of Solstice Advanced Mat in a report on Wednesday, September 30th. Weiss Ratings downgraded Solstice Advanced Mat from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, October 9th. Barclays assumed coverage on shares of Solstice Advanced Mat in a report on Monday, October 12th. They set an “overweight” rating and a $73.00 price target for the company. Jefferies Financial Group began coverage on Solstice Advanced Mat in a research note on Thursday, September 3rd. They issued a “buy” rating and a $86.00 price objective on the stock. Finally, Zacks Research lowered Solstice Advanced Mat from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 28th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $77.30.

About Solstice Advanced Mat

Solstice Advanced Materials, Inc (NASDAQ:SOLS) is a specialty materials company that develops and manufactures engineered materials and chemical technologies for industrial and commercial applications. The company was established as an independent public company following the separation of Honeywell’s Advanced Materials business.

Its portfolio includes fluorine-based products, specialty films, advanced fibers, resins, additives, and other performance materials. These products are used in areas such as refrigeration and air conditioning, healthcare and pharmaceutical packaging, electronics and semiconductors, transportation, aerospace, and protective equipment.

Solstice Advanced Materials serves customers across global markets through a portfolio that includes Solstice refrigerants and blowing agents, Aclar specialty pharmaceutical films, and Spectra high-performance fibers.