Ex-Dividend Stocks: IBM, TJX
"Altera reported a nearly 10% revenue miss from 1Q12 preannounced guidance and consensus, but guided for a sharp 2Q12 recovery that falls just shy of consensus revenue," ThinkEquity analysts wrote in an April 20 report. "We believe ALTR results remain challenged by weaker infrastructure demand, and that investors need to adjust to a more measured revenue recovery. Our price target of $40 now represents 22x our newly introduced CY13 EPS estimate of $1.85 and a PEG of 1.4x, in line with the comparable average, which we feel is justified given the company's strong competitive position."
Forward Annual Dividend Yield: 0.9%
The electrical power production company reported on April 26 a first-quarter loss of $151.7 million, or 86 cents a share, a reversal from year-earlier earnings of $248.7 million, or $1.38 a share.
"We came away with the impression that ETR is likely to secure approval to join the Midwest ISO, but that securing approval for the ITC transaction will be as challenging as we initially expected," Deutsche Bank analysts wrote in a report Tuesday. "We believe ETR is trading around fair value, absent the deal, and reiterate our Hold rating."
Forward Annual Dividend Yield 5%