4 Ex-Dividend Stocks With Buy Ratings
NEW YORK ( TheStreet) -- The following stocks go ex-dividend Wednesday, meaning an investor must purchase the shares Tuesday to qualify for the next dividend payment: Cracker Barrel (CBRL) , American Water Works (AWK) , PerkinElmer(PKI) and Smith & Nephew (SNN) .
Each of the stocks received a buy rating from TheStreet Ratings .
The restaurant chain and retailer is scheduled to report third-quarter results on May 22. Analysts, on average, anticipate earnings of 74 cents a share on revenue of $607.49 million.
"We continue to rate CBRL shares Underperform but are raising our price objective from $40 to $48 to reflect higher estimates as well as increased interest in the stock as activist Sardar Biglari has raised his stake to 15% despite losing a bid for a board seat in December," Bank of America Merrill Lynch analysts wrote in a Feb. 21 report.
Forward Annual Dividend Yield: 1.8%
Rated "A (Buy)" by TheStreet Ratings : The company's second-quarter gross profit margin was about the same as it was the previous year.
Cracker Barrel has very weak liquidity. Its Quick Ratio is 0.46, which demonstrates a lack of ability to meet its short-term cash needs.
In the second quarter, stockholders' net worth increased 23.28% from the prior year.
TheStreet Ratings' price target is $64.90. The stock closed Monday at $55.91 and has risen 10.28% year to date.
American Water Works
The water services company reported fourth-quarter earnings on Feb. 27 of $64.8 million, or 34 cents a share, up from year-earlier earnings of $40.2 million, or 23 cents.
"We expect near-term earnings accretion from the sale of under-performing subsidiaries as proceeds are reinvested in higher return opportunities," Gabelli analysts wrote in a March 23 report. "In addition, management expects savings associated with a $140 million multi-year centralized business transformation process, which included significant technology upgrades, to be realized beginning in late 2012."
Forward Annual Dividend Yield: 2.8%
Rated "B+ (Buy)" by TheStreet Ratings : The company's fourth-quarter gross profit margin rose from the previous year.
American Water Works has very weak liquidity. Its Quick Ratio is 0.15, which demonstrates a lack of ability to meet its short-term cash needs.
In the fourth quarter, stockholders' net worth increased 2.61% from the prior year.
TheStreet Ratings' price target is $43.80. The stock closed Monday at $33.07 and has risen 3.8% year to date.
The laboratory services solutions company is scheduled to report first-quarter earnings on April 26. Analysts, on average, expect earnings of 41 cents a share on revenue of $508.86 million.
"The company continues to see impressive follow-on strength in its environmental and industrial testing businesses which we believe can deliver upside in 2012," Wedbush analysts wrote in an April 2 report.