NEW YORK (TheStreet) -- Shares of Energizer Holdings Inc. (ENR) are higher 15.25% to $112.61 on Wednesday after the company reported 2014 second quarter net earnings increased 16.3%.
Net earnings were $98.5 million, or $1.57 per diluted share for the 2014 second quarter, from $84.9 million, or $1.35 per diluted share, from the same quarter the previous year.
The primary battery manufacturer and marketer reported net sales decreased 3.1% to $1062.4 million, from $1095.9 million from the 2013 second quarter.
Energizer Holdings was gaining earlier in the day on news it is splitting into two publicly traded companies.
Must Read: Warren Buffett's 10 Favorite Growth Stocks
STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.
TheStreet Ratings team rates ENERGIZER HOLDINGS INC as a Buy with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation:
"We rate ENERGIZER HOLDINGS INC (ENR) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels, expanding profit margins and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income."
Highlights from the analysis by TheStreet Ratings Team goes as follows: