Revenue Update on Starwood Hotels & Resorts Worldwide Inc(NYSE:HOT)

Starwood Hotels & Resorts Worldwide Inc(NYSE:HOT) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 26, 2016. Company reported revenue of $1.25B. Analysts estimated a revenue of $1.34B. Earnings per share were $0.71. Analysts had estimated an EPS of $0.74.

In a different note, On May 4, 2016, Canaccord Genuity said it Downgrades its rating on Starwood Hotels & Resorts Worldwide Inc. The shares have been rated ‘Hold’ by the firm.

Starwood Hotels & Resorts Worldwide Inc (HOT) made into the market gainers list on Fridays trading session with the shares advancing 0.19% or 0.15 points. Due to strong positive momentum, the stock ended at $78.06, which is also near the day’s high of $78.2001. The stock began the session at $77.67 and the volume stood at 7,75,317 shares. The 52-week high of the shares is $86.96 and the 52 week low is $56.87. The company has a current market capitalization of $13,234 M and it has 16,95,37,650 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Mar 9, 2016, Martha Poulter (EVP & CIO) sold 2,481 shares at $70.61 per share price.Also, On Feb 26, 2016, Thomas E Clarke (director) sold 2,852 shares at $65.96 per share price.On Feb 26, 2016, Charlene Barshefsky (director) sold 2,286 shares at $65.97 per share price, according to the Form-4 filing with the securities and exchange commission.

Starwood Hotels & Resorts Worldwide Inc. is a hotel and leisure company. The Company’s hotel business is focused on the global operation of hotels and resorts primarily in the luxury and upper upscale segments of the lodging industry. The Company owns Starwood Vacation Ownership Inc. a provider of world-class vacation experiences through villa-style resorts and privileged access to Starwood brands. It manages and operates its hotel business in three hotel segments: the Americas Europe Africa and the Middle East (EAME) and Asia Pacific. Its vacation ownership and residential business is a separate segment. As of December 31 2014 the Company’s hotel business included 1207 owned managed or franchised hotels with approximately 346600 rooms comprising 36 hotels that it owns or leases or in which the Company has a majority equity interest 583 hotels managed by the Company on behalf of third-party owners and 588 hotels for which it receives franchise fees.

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