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Last $79.51 USD
Change Today +1.31 / 1.68%
Volume 2.9M
HOT On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 3:30 PM 07/31/15 All times are local (Market data is delayed by at least 15 minutes).

starwood hotels & resorts (HOT) Snapshot

Open
$78.88
Previous Close
$78.20
Day High
$80.05
Day Low
$77.86
52 Week High
04/29/15 - $87.99
52 Week Low
10/16/14 - $67.97
Market Cap
13.6B
Average Volume 10 Days
2.7M
EPS TTM
$3.26
Shares Outstanding
170.4M
EX-Date
06/4/15
P/E TM
24.4x
Dividend
$1.50
Dividend Yield
3.46%
Current Stock Chart for STARWOOD HOTELS & RESORTS (HOT)

starwood hotels & resorts (HOT) Details

Starwood Hotels & Resorts Worldwide, Inc., together with its subsidiaries, operates as a hotel and leisure company worldwide. The company owns, operates, and franchises luxury and upscale full-service hotels, resorts, residences, retreats, select-service hotels, and extended stay hotels under the St. Regis, The Luxury Collection, W, Westin, Le Méridien, Sheraton, Four Points, Aloft, and Element brand names. It also develops, owns, and operates vacation ownership resorts; and markets and sells vacation ownership interests in the resorts, as well as provides financing to customers who purchase such interests. In addition, the company develops, markets, and sells residential units at mixed use hotel projects. As of June 30, 2015, it operated approximately 1,200 properties in 100 countries. The company was founded in 1969 and is headquartered in Stamford, Connecticut.

180,400 Employees
Last Reported Date: 02/25/15
Founded in 1969

starwood hotels & resorts (HOT) Top Compensated Officers

Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $855.3K
President of Americas
Total Annual Compensation: $747.2K
Chief Information Officer and Executive Vice ...
Total Annual Compensation: $865.9K
Chief Accounting Officer and Senior Vice Pres...
Total Annual Compensation: $519.5K
Chief Administrative Officer, General Counsel...
Total Annual Compensation: $638.5K
Compensation as of Fiscal Year 2014.

starwood hotels & resorts (HOT) Key Developments

Starwood Hotels & Resorts Worldwide Inc. Reports Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Earnings Guidance for the Third Quarter Ending September 30, 2015 and Full Year Ending December 31, 2015

Starwood Hotels & Resorts Worldwide Inc. reported unaudited earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported revenues of $1.481 million against $1,539 million a year ago. Operating income was $196 million against $237 million a year ago. Net income attributable to the company was $136 million or $0.79 per diluted share against $53 million or $0.80 per diluted share a year ago. Income from continuing operations before taxes and non-controlling interests was $180 million against $226 million a year ago. Income from continuing operations was $136 million or $0.79 per diluted share against $153 million or $0.80 per diluted share a year ago. EBITDA was $288 million against $330 million a year ago. Adjusted EBITDA was $311 million against $324 million a year ago. Total capital expenditures were $83 million. For the six months, the company reported revenues of $2,896 million against $2,997 million a year ago. Operating income was $349 million against $431 million a year ago. Net income attributable to the company was $235 million or $1.37 per diluted share against $290 million or $1.51 per diluted share a year ago. Income from continuing operations before taxes and non-controlling interests was $331 million against $370 million a year ago. Income from continuing operations was $235 million or $1.37 per diluted share against $289 million or $1.51 per diluted share a year ago. EBITDA was $549 million against $575 million a year ago. Adjusted EBITDA was $585 million against $605 million a year ago. Total capital expenditures were $156 million. For the full year ending December 31, 2015, the company announced that adjusted EBITDA is expected to be approximately $1.175 billion to $1.200 billion. Full year effective tax rate is expected to be approximately 32%, and cash taxes from operating earnings are expected to be approximately $135 million. Cash flow from operations is expected to be approximately $740 million to $840 million. Cash flow from operations includes vacation ownership investment in inventory expected to be approximately $160 million which includes approximately $80 million related to the development of the Westin Nanea Ocean Villas, the third phase of the Westin Ka'anapali Ocean Resort Villas. Full year capital expenditures (excluding vacation ownership inventory) are expected to be approximately $200 million for maintenance, renovation and technology. In addition, in-flight investment projects and prior commitments for joint ventures and other investments are expected to total approximately $200 million. The company expects net income of $497 million, interest expense of $135 million, depreciation and amortization of $307 million, income tax expense of $225 million, EBITDA of $1,164 million, income from continuing operations before special items of $515 million or $3.03 per share and income from continuing operations of $497 million. EPS before special items is expected to be approximately $2.93 to $3.03 For the third quarter ending September 30, 2015, the company announced adjusted EBITDA is expected to be approximately $285 million to $295 million. EPS is expected to be approximately $0.69 to $0.73. The company expects net income of $124 million, interest expense of $35 million, depreciation and amortization of $77 million, income tax expense of $59 million, EBITDA of $295 million, income from continuing operations before special items of $124 million or $0.73 per share and income from continuing operations of $124 million.

InterContinental Hotels Denies Merger Talks With Starwood Hotels & Resorts

InterContinental Hotels Group Plc (LSE:IHG) says not in merger talks with Starwood Hotels & Resorts Worldwide Inc (NYSE:HOT). InterContinental Hotels stated "Following recent market speculation, the Board of Directors of IHG states that it is not in talks with Starwood (HOT) with a view to a combination of the businesses." The statement followed media reports earlier that claimed the two hotel groups were in talks regarding a potential merger agreement.

Starwood Hotels & Resorts Reaches Out For Potential Bidders

Starwood Hotels & Resorts Worldwide Inc (NYSE:HOT ) has reached out to potential bidders including InterContinental Hotels Group Plc (LSE:IHG) and Wyndham Worldwide Corp (NYSE:WYN ) after it decided to explore a sale, according to people familiar with the matter. Starwood, which owns the St. Regis and Sheraton hotel brands, has also reached out to sovereign wealth funds, the sources said this week. As a part of its exploration of strategic alternatives, Starwood has also announced plans to spin off its vacation ownership business, to be called Vistana Signature Experiences.

 

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HOT Competitors

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Hyatt Hotels Corp $55.88 USD +0.41
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Whitbread PLC 5,190 GBp +45.00
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Industry Analysis

HOT

Industry Average

Valuation HOT Industry Range
Price/Earnings 24.7x
Price/Sales 4.4x
Price/Book 10.6x
Price/Cash Flow 16.1x
TEV/Sales 3.3x
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