Topic: Growth Stocks

Wall Street Stock Forecaster Hotline – Friday, May 2, 2014

Article Excerpt

NEWELL RUBBERMAID INC., $28.88, New York symbol NWL, makes a variety of everyday items, such as trash cans and food-storage containers. Aside from Rubbermaid, its main brands include Sharpie, Paper Mate, Waterman and Levolor. In the three months ended March 31, 2014, Newell’s sales fell 0.7%, to $1.23 billion from $1.24 billion a year earlier. That’s partly because harsh winter weather kept many shoppers at home. As well, the company had to recall infant car seats to fix defective seat belts. Newell gets about a third of its sales from outside the U.S. If you disregard the negative impact of currency exchange rates, sales rose 0.7% in the quarter. Earnings fell 3.9%, to $98.1 million from $102.1 million. Due to fewer shares outstanding, earnings per share were unchanged at $0.35. These figures exclude unusual items, such as restructuring costs. On that basis, the latest earnings beat the consensus estimate of $0.32 a share. The company should earn $1.94 to $2.00 a share in 2014…