4 Ex-Dividend Stocks With Buy Ratings
NEW YORK ( TheStreet) -- The following stocks go ex-dividend Friday, meaning an investor must purchase the shares Thursday to qualify for the next dividend payment: Agilent Technologies (A) , Quest Diagnostics (DGX) , PNM Resources (PNM) and Thor Industries (THO) .
Each of the stocks received a buy rating from TheStreet Ratings .
The electronic measurement solutions company reported last month first-quarter earnings of $230 million, or 65 cents a share, up from year-earlier earnings of $193 million, or 54 cents.
"Management presented a consistent financial model, offered details of its business drivers, and unveiled some new methods it will deploy to achieve its high incremental margin targets," Credit Suisse analysts wrote in a March 12 report. "Our Outperform rating is based on a view that management can drive higher margins by crosspollinating ideas from its electronics segment to its bio-analytics segment."
Forward Annual Dividend Yield: 0.9%
Rated "B (Buy)" by TheStreet Ratings : The company's first-quarter gross profit margin was about the same as it was a year earlier.
Agilent Technologies is extremely liquid. Its Quick Ratio is 2.63, which shows the company can meet its short-term cash needs.
In the first quarter, stockholders' net worth increased 34.93% from the prior year.
TheStreet Ratings' price target is $50.49.
The diagnostic testing company is scheduled to report first-quarter earnings on April 18. Analysts, on average, anticipate earnings of $1.01 a share on revenue of $1.88 billion.
"All in, we view DGX as able to meet current growth expectations this year, although Medicare hits should be more daunting in 2013," Bank of America Merrill Lynch analysts wrote in a March 12 report. "By then, we hope to see a rebound in utilization, as well as the impact of cost cutting."
Forward Annual Dividend Yield: 1.1%
Rated "A- (Buy)" by TheStreet Ratings : The company's fourth-quarter gross profit margin was about the same as it was the previous year.
Quest Diagnostics has weak liquidity. Its Quick Ratio is 0.69, which demonstrates a lack of ability to meet its short-term cash needs.
In the fourth quarter, stockholders' net worth decreased 8.44% from the prior year.
TheStreet Ratings' price target is $69.24.
The energy company reported last month fourth-quarter earnings of $176.4 million, or $1.96 a share, a swing from a year-earlier loss of $45.2 million, or 49 cents a share.
"Q4 results beat our expectations and represent a strong ending to a very good 2011," Wells Fargo analysts wrote in a March 1 report. "In addition, a 16% dividend hike announcement is a nice start to 2012. PNM affirmed its 2012 EPS guidance and its long-term goal to provide total return in the top quartile of the industry. We are reiterating our 2012-14 estimates and our Market Perform rating. While we think PNM has a good chance to achieve its long-term top-quartile return target, numerous near-term regulatory uncertainties keep us from getting more aggressive with our rating."