The global marketer of consumer and commercial products reaffirmed its fiscal 2014 guidance, but said that its core 2014 sales growth "is tracking to the low end" of its 3.5% to 4% increase expectations, and earnings per share are tracking to the high end of its $1.94 to $2 range.
For fiscal 2015, Newell is forecasting normalized earnings per share between $2.16 and $2.22, and a 3% to 4% core sales growth.
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Analysts polled by Thomson Reuters are expecting earnings of $2.20 per share, and a 5% earnings growth for fiscal 2015.
Shares of Newell Rubbermaid are lower by 0.86% to $34.71 in mid-morning trading on Wednesday.
Separately, TheStreet Ratings team rates NEWELL RUBBERMAID INC as a Buy with a ratings score of A+. TheStreet Ratings Team has this to say about their recommendation:
"We rate NEWELL RUBBERMAID INC (NWL) 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 revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and notable return on equity. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results."