NEW YORK (TheStreet) -- Shares of Newell Rubbermaid Inc. (NWL) are higher by 2.50% to $32.40 on heavy volume in early afternoon trading on Thursday, after the company reported that its net income for the 2014 second quarter was $150.6 million, or 54 cents per diluted share, compared to $109.8 million, or 37 cents per share for the year ago quarter.
The consumer and commercial products marketer said net sales for the most recent quarter were $1.52 billion versus $1.47 billion for the 2013 second quarter.
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Separately, TheStreet Ratings team rates NEWELL RUBBERMAID INC as a Buy with a ratings score of B+. TheStreet Ratings Team has this to say about their recommendation:
"We rate NEWELL RUBBERMAID INC (NWL) a BUY. This is driven by multiple strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its expanding profit margins, good cash flow from operations, increase in stock price during the past year, largely solid financial position with reasonable debt levels by most measures and notable return on equity. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook."