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TheStreet Open House

5 Ex-Dividend Stocks With Buy Ratings

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Broadridge Financial

The technology solutions company reported last month second-quarter earnings of $6.8 million, or 5 cents a share, down from year-ago earnings of $10.4 million, or 8 cents.

"Sales are generally more weighted toward the 2H. BR expects recurring revenue growth of 7-8% in 12, up from 6-8% previously, fueled by slightly stronger internal growth," Credit Suisse analysts wrote in a Feb. 8 report. "Additionally, early trends in January point to improved trading volumes relative to a lackluster 2FQ."

Forward Annual Dividend Yield: 2.7%

Rated "B (Buy)" by TheStreet Ratings: The company's second-quarter gross profit margin increased from the prior year.

Broadridge Financial has strong liquidity. Its Quick Ratio is 1.78, which shows the company can meet its short-term cash needs.

In the second quarter, stockholders' net worth increased 7.56% from the previous year.

TheStreet Ratings' price target is $28.10. The stock closed Thursday at $23.99 and has risen 6.39% year to date.






SPX

The industrial products company reported last month fourth-quarter earnings of $62.5 million, or $1.24 a share, down from year-ago earnings of $65.3 million, or $1.31.

"For 2013, we estimate the full-year annualized benefit of debt pay down and share repurchase in 2012, coupled with higher assumed margins for SPX's Industrial segment (vs. our previous forecast), should fully offset the absence of Service Solutions earnings contribution," Bank of America Merrill Lynch analysts wrote in a Feb. 23 report. "We expect SPX to start shipping large transformers by 2Q12 which should drive a material profit boost in 2013 (vs. 2012 which is still pressured by ~$10mm of ramp-up costs). We maintain our Buy rating and $80 price objective."

Forward Annual Dividend Yield: 1.4%

Rated "B (Buy)" by TheStreet Ratings: The company's fourth-quarter gross profit margin decreased from the prior year.

SPX has average liquidity. Its Quick Ratio is 1.01, which shows the company can technically meet its short-term cash needs.

In the fourth quarter, stockholders' net worth increased 6.17% from the previous year.

TheStreet Ratings' price target is $86.20. The stock closed Thursday at $74.40 and has risen 23.44% year to date.

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-- Written by Alexandra Zendrian



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