NEW YORK (TheStreet) -- Shares of Starwood Hotels & Resorts Worldwide (HOT) are gaining by 7.24% to $86.65 in mid-morning trading on Wednesday, after the hotel and leisure company reported better than expected earnings results for the 2015 first quarter.
Starwood Hotels said its adjusted earnings were 65 cents per share, compared to the 57 cents per share analysts polled by Thomson Reuters were expecting.
Revenue for the quarter was $1.42 billion, while analysts were looking for $1.46 billion.
For the full year Starwood is expecting earnings to be in a range between $2.94 per share and $3.04 per share, above the $2.97 per share analysts have forecast.
Additionally, Starwood Hotels announced today that it is exploring its strategic and financial alternatives in order to increase shareholder value. The company said its board is in the beginning stages of this review and cannot give any assurance as to its outcome or timing.
"We will thoroughly explore the full range of strategic and financial alternatives available to Starwood to capitalize on our industry-leading global platform and best-in-class premium brands. No option is off the table, and we will take the time we need to thoroughly evaluate our opportunities and achieve the best result for our shareholders, business partners, and associates," Bruce Duncan, Starwood's Chairman said in a statement announcing the review.
TheStreet's Jim Cramer, Portfolio Manager of the Action Alerts PLUS Charitable Trust Portfolio says, "I think that while there was a restive shareholder base the most restive of all was Aron. Hilton should buy them."
Separately, TheStreet Ratings team rates STARWOOD HOTELS&RESORTS WRLD as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate STARWOOD HOTELS&RESORTS WRLD (HOT) a BUY. This is driven by a few notable 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 increase in stock price during the past year, increase in net income, notable return on equity, reasonable valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated."
You can view the full analysis from the report here: HOT Ratings Report