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.

Cracker Barrel

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 priceobjective from $40 to $48 to reflect higher estimates as well as increased interestin the stock as activist Sardar Biglari has raised his stake to 15% despite losing abid 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.

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

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.


PerkinElmer

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.

Forward Annual Dividend Yield: 1.1%

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

PerkinElmer has weak liquidity. Its Quick Ratio is 0.92, which demonstrates a lack of ability to meet its short-term cash needs.

In the fourth quarter, stockholders' net worth decreased 4.34% from the prior year.

TheStreet Ratings' price target is $31.07. The stock closed Monday at $26.15 and has risen 30.75% year to date.

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

Smith & Nephew

"While we forecast S&N's sales growth to weaken sequentially across all threeof its product lines & S&N's EBITA margin to contract in Q1 12, we expect the drivers of its Ortho sales to attract most investor attention," Deutsche Bank analysts wrote in an April 16 report. "With increasing competition and lower new product contribution vs. peers, extent at which S&N can defend its share in the hip & knee markets may disappoint investors and temporarily weigh on S&N's shares, in our view. We continue to rate shares in S&N Hold as we believe they are fairly valued."

Forward Annual Dividend Yield: 2.2%

Rated "A- (Buy)" by TheStreet Ratings: The company's fourth-quarter gross profit margin was basically the same from the previous year.

Smith & Nephew has weak liquidity. Its Quick Ratio is 1, which demonstrates a lack of ability to meet its short-term cash needs.

In the fourth quarter, stockholders' net worth increased 14.92% from the prior year.

TheStreet Ratings' price target is $56.63. The stock closed Monday at $48.20 and has ticked up 5 cents, or 0.1%, year to date.

-- Written by Alexandra Zendrian

>To contact the writer of this article, click here: Alexandra Zendrian

>To submit a news tip, send an email to: tips@thestreet.com.

>To follow the writer on Twitter, go to Alexandra Zendrian.

More from Stocks

Inside Carnival's Mind Blowing New Horizon Cruise Ship (Video)

Inside Carnival's Mind Blowing New Horizon Cruise Ship (Video)

Neel Kashkari: The Heart of Our Financial System Is More Radioactive Than Ever

Neel Kashkari: The Heart of Our Financial System Is More Radioactive Than Ever

Finding Stocks Right for You: Cramer's 'Mad Money' Recap (Friday 8/25/18)

Finding Stocks Right for You: Cramer's 'Mad Money' Recap (Friday 8/25/18)

Flashback Friday: Amazon, Chip Stocks, Memorial Day

Flashback Friday: Amazon, Chip Stocks, Memorial Day

Week Ahead: Wall Street Looks to Jobs Report as North Korea Meeting Less Certain

Week Ahead: Wall Street Looks to Jobs Report as North Korea Meeting Less Certain