NEW YORK (TheStreet) -- Shares of Starwood Hotels & Resorts Worldwide Inc. (HOT) are lower by 3.53% to $78.18 in mid-morning trading on Tuesday, after the company reported a decline in net income for the 2014 third quarter to $109 million, or 59 cents per share, compared to $157 million, or 81 cents per share, for the year ago quarter.

Adjusted earnings for the most recent quarter were 66 cents per share versus 71 cents for the 2013 third quarter.

Analysts polled by Thomson Reuters expected the hotel and leisure company to post adjusted earnings of 65 cents per share for the quarter.

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Starwood Hotels said revenue dropped to $1.49 billion, from $1.50 billion for the 2013 third quarter.

Analysts were expecting $1.51 billion for the 2014 third quarter.

For the 2014 full year Starwood said it is expecting earnings per share to be between $2.79 and $2.83, while analysts are expecting $2.84 per share for the year.

Separately, TheStreet Ratings team rates STARWOOD HOTELS&RESORTS WRLD as a Buy with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation:

TheStreet Recommends

"We rate STARWOOD HOTELS&RESORTS WRLD (HOT) 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 solid stock price performance, increase in net income, reasonable valuation levels, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow."

You can view the full analysis from the report here: HOT Ratings Report

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