NEW YORK (TheStreet) -- The following stocks go ex-dividend Monday, meaning an investor must purchase the shares Friday to qualify for the next dividend payment: Ford , ASML Holding, Fastenal and Seagate Technology. Each of the stocks received a buy rating from TheStreet Ratings.
The U.S. automaker is scheduled to report first-quarter results on Friday. Analysts, on average, expect earnings of 35 cents a share on revenue of $31.49 billion.
"For the rest of 2012e, we have actually modestly bumped our EPS estimate by $0.04 (or 3.7%) to an in-line estimate, and raised our 2013e estimate by $0.03 (or 1.6%) and are now 6% ahead of $1.76 consensus," Jefferies analysts wrote in a report Wednesday. "(Our 2013e EBITDA forecast and price target moderate slightly due to an adjustment in our D&A estimate.) This EPS raise primarily reflects our increased conviction in the 2012-13 SAAR plus Ford's planned North American production increase later this year, partly offset by modestly lower International expectations. While our upward revision is modest, the shares clearly have been trading as if material downward revisions are on the near-term horizon."
Forward Annual Dividend Yield: 1.8%
Rated "B (Buy)" by TheStreet Ratings: The company's fourth-quarter gross profit margin decreased from the previous year.
In the fourth quarter, stockholders' net worth increased 2,332.98% from the prior year.
TheStreet Ratings' price target is $13.47.
The semiconductor processing equipment company reported first-quarter earnings on April 18 of €282 million, down from year-earlier earnings of €285 million.
Forward Annual Dividend Yield: 1%
Rated "B+ (Buy)" by TheStreet Ratings: The company's fourth-quarter gross profit margin decreased from the previous year.
ASML Holding has strong liquidity. Its Quick Ratio is 1.69, which shows the company can meet its short-term cash needs.
In the fourth quarter, stockholders' net worth increased 21.39% from the prior year.
TheStreet Ratings' price target is $59.93.
The construction supplies retailer and wholesaler reported first-quarter earnings on April 12 of $100.2 million, or 34 cents a share, up from year-earlier earnings of $79.5 million, or 27 cents.
"An in‐line EPS result was not enough today as shares traded down 2%, whereas the market was up 1%," William Blair analysts wrote in an April 12 report. "Vending machine signings and installations showed strong acceleration, and other initiatives (metalworking, government, etc.) continue to gain traction. However, gross margin compression was once again a focus for investors. Management was confident that gross margin could improve next quarter with price actions to recover product inflation. We are a bit skeptical as pricing can take a few quarters and product and customer mix may continue to be a headwind. Also, while vending installations increased nicely, we would like to see another big jump in installations next quarter. Although Fastenal should continue to generate strong earnings growth, we believe it may be hard to exceed expectations in the near term. Our rating is Market Perform."
Forward Annual Dividend Yield: 1.5%
Rated "B+ (Buy)" by TheStreet Ratings: The company's first-quarter gross profit margin was about the same as it was the previous year.
Fastenal is very liquid. Its Quick Ratio is 2.59, which shows the company can meet its short-term cash needs.
In the first quarter, stockholders' net worth increased 19.15% from the prior year.
TheStreet Ratings' price target is $62.34.
The hard disk drive company reported first-quarter earnings on April 17 of $1.1 billion, or $2.48 a share, up from year-earlier earnings of $93 million, or 21 cents.
"We expect Q/Q ASP declines to pick up after the June quarter," FBN Securities analysts wrote in an April 18 report. "Still, shares of STX remain attractive in spite of this as it is starting at very high pricing and GM levels and the company should be able to generate ample free cash flow during this period. Our prior call which noted tempered enthusiasm (while maintaining our Outperform rating) was based on an ASP of closer to $70 (not $73 as reported) and a GM of ~33% (vs. 37.5% reported) in FQ3. Ivy Bridge (Intel's forthcoming chipset, expected next Monday) and Windows 8 are additional PC drivers which should catalyze sales of HDDs over the coming year."
Forward Annual Dividend Yield: 3.4%
Rated "A- (Buy)" by TheStreet Ratings: The company's third-quarter gross profit margin increased from the prior year.
Seagate Technology has average liquidity. Its Quick Ratio is 1.47, which shows the company can technically meet its short-term cash needs.
In the third quarter, stockholders' net worth increased 47.72% from the prior year.
TheStreet Ratings' price target is $37.76.
-- Written by Alexandra Zendrian
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