First Call Estimates

Stock Information

Price (Prev Close): 127.07
Price - 52 Week High: 142.14
Price - 52 Week Low: 109.37
Price Date (Latest): 6/26/19
Median Price Target: 145.56
Diff from Prev Close: 18.49
% Difference: 14.55

Analyst Ratings

Mean Recommendation:

2.20

Sell

Strong Buy

Available Measures

Reference Information - Earnings Per Share

Last Actual (FY0): 9.53
FY0 End Date: 12/1/18
Ind. Annual Div: 0.40
Hist (5 Yr) Growth %: 9.91
Yield (%): 0.31

Analyst Forecasts - Earnings Per Share

Last Month Revisions
Last Month Revisions
Fiscal Period Mean High Low Median # of Estimates # Up # Down Mean % Change
Annual 12/1/21 11.63 12.36 11.13 11.62 10 -- 1 -0.39
Annual 12/1/20 10.77 11.24 10.29 10.71 18 -- 1 -0.11
Annual 12/1/19 9.95 10.26 9.63 9.95 15 -- 1 -0.09
Quarterly 3/1/20 2.72 2.89 2.57 2.69 13 -- 1 -0.06
Quarterly 6/1/19 2.50 2.60 2.34 2.49 18 -- 1 -0.11
Quarterly 9/1/19 2.29 2.52 2.07 2.27 18 -- 1 -0.07
Quarterly 12/1/19 2.69 2.82 2.56 2.71 18 1 -- 0.27
Long Term Growth 7.62 9.03 6.20 7.62 3 -- -- 0.00

Actuals - Earnings Per Share

Reported EPS Mean Estimate Surprise % Change
Annual 12/1/18 9.53 9.49 0.43
Annual 12/1/17 7.53 7.38 2.00
Annual 12/1/16 7.32 7.34 -0.24
Quarterly 3/1/19 2.45 2.62 -6.44
Quarterly 12/1/18 2.37 2.34 1.32
Quarterly 9/1/18 2.23 2.01 10.83
Quarterly 6/1/18 2.47 2.39 3.34

Reference Information - Book Value Per Share

Last Actual (FY0): 59.00
FY0 End Date: 12/1/18
Ind. Annual Div: --
Hist (5 Yr) Growth %: --
Yield (%): --

Analyst Forecasts - Book Value Per Share

Last Month Revisions
Last Month Revisions
Fiscal Period Mean High Low Median # of Estimates # Up # Down Mean % Change
Annual 12/1/21 78.45 84.56 66.56 81.69 5 1 -- 0.81
Annual 12/1/20 70.52 74.95 60.68 73.54 5 1 -- 0.72
Annual 12/1/19 63.16 65.76 55.96 65.17 5 1 -- 0.31
Quarterly 12/1/19 68.49 68.49 68.49 68.49 1 -- -- --

Actuals - Book Value Per Share

Reported EPS Mean Estimate Surprise % Change
Annual 12/1/18 59.00 -- --
Annual 12/1/17 58.10 -- --
Annual 12/1/16 50.55 -- --

Reference Information - Cash Flow Per Share

Last Actual (FY0): 14.30
FY0 End Date: 12/1/18
Ind. Annual Div: --
Hist (5 Yr) Growth %: --
Yield (%): --

Analyst Forecasts - Cash Flow Per Share

Last Month Revisions
Last Month Revisions
Fiscal Period Mean High Low Median # of Estimates # Up # Down Mean % Change
Annual 12/1/21 18.05 19.20 17.05 17.97 4 -- 1 -0.76
Annual 12/1/20 16.47 17.57 15.43 16.13 5 -- 1 -0.23
Annual 12/1/19 15.42 15.94 14.89 15.21 5 -- 1 -0.04
Quarterly 3/1/20 4.19 4.21 4.17 4.19 2 -- -- --
Quarterly 6/1/19 3.72 3.90 3.53 3.72 2 -- 1 -0.27
Quarterly 9/1/19 3.29 3.59 2.99 3.29 2 -- -- --
Quarterly 12/1/19 3.87 3.92 3.82 3.87 2 1 -- 2.11

Actuals - Cash Flow Per Share

Reported EPS Mean Estimate Surprise % Change
Annual 12/1/18 14.30 13.40 6.73
Annual 12/1/17 12.28 11.78 4.26
Annual 12/1/16 13.10 12.89 1.61
Quarterly 3/1/19 4.30 4.02 7.10
Quarterly 12/1/18 3.94 3.30 19.58
Quarterly 9/1/18 3.71 3.13 18.53
Quarterly 6/1/18 2.81 3.29 -14.59

Reference Information - Dividend Per Share

Last Actual (FY0): 0.40
FY0 End Date: 12/1/18
Ind. Annual Div: --
Hist (5 Yr) Growth %: --
Yield (%): --

Analyst Forecasts - Dividend Per Share

Last Month Revisions
Last Month Revisions
Fiscal Period Mean High Low Median # of Estimates # Up # Down Mean % Change
Annual 12/1/21 0.29 0.45 -- 0.40 7 -- -- --
Annual 12/1/20 0.40 0.43 0.39 0.40 7 -- -- --
Annual 12/1/19 0.40 0.42 0.39 0.40 7 -- -- --
Quarterly 3/1/20 0.10 0.11 0.10 0.10 3 -- -- --
Quarterly 6/1/19 0.10 0.10 0.10 0.10 3 -- -- --
Quarterly 9/1/19 0.10 0.11 0.10 0.10 3 -- -- --
Quarterly 12/1/19 0.10 0.11 0.10 0.10 3 -- -- --

Actuals - Dividend Per Share

Reported EPS Mean Estimate Surprise % Change
Annual 12/1/18 0.40 -- --
Annual 12/1/17 0.40 -- --
Annual 12/1/16 0.40 -- --
Quarterly 3/1/19 0.10 -- --
Quarterly 12/1/18 0.10 -- --

Reference Information - EBIT

Last Actual (FY0): 1,326.90
FY0 End Date: 12/1/18
Ind. Annual Div: --
Hist (5 Yr) Growth %: --
Yield (%): --

Analyst Forecasts - EBIT

Last Month Revisions
Last Month Revisions
Fiscal Period Mean High Low Median # of Estimates # Up # Down Mean % Change
Annual 12/1/21 1,497.57 1,585.00 1,411.01 1,508.04 9 -- 1 -0.10
Annual 12/1/20 1,430.75 1,490.00 1,351.24 1,432.06 15 -- 1 -0.09
Annual 12/1/19 1,357.72 1,407.00 1,293.66 1,351.00 15 -- 1 -0.13
Quarterly 3/1/20 362.86 374.40 350.39 362.67 8 -- 1 -0.12
Quarterly 6/1/19 340.75 353.40 325.50 340.00 11 -- 1 -0.28
Quarterly 9/1/19 314.69 323.30 300.43 314.00 11 -- 1 -0.18
Quarterly 12/1/19 362.18 377.30 342.72 362.00 11 1 -- 0.34

Actuals - EBIT

Reported EPS Mean Estimate Surprise % Change
Annual 12/1/18 1,326.90 -- --
Annual 12/1/17 1,258.08 -- --
Annual 12/1/16 1,276.07 -- --
Quarterly 3/1/19 353.44 -- --
Quarterly 12/1/18 341.03 -- --
Quarterly 9/1/18 305.15 -- --
Quarterly 6/1/18 333.91 -- --

Reference Information - EBITDA

Last Actual (FY0): 1,761.77
FY0 End Date: 12/1/18
Ind. Annual Div: --
Hist (5 Yr) Growth %: --
Yield (%): --

Analyst Forecasts - EBITDA

Last Month Revisions
Last Month Revisions
Fiscal Period Mean High Low Median # of Estimates # Up # Down Mean % Change
Annual 12/1/21 1,998.21 2,047.20 1,950.24 1,998.88 10 -- 1 -0.18
Annual 12/1/20 1,924.28 1,996.50 1,864.89 1,925.00 19 1 1 -0.18
Annual 12/1/19 1,837.72 1,877.29 1,774.83 1,836.13 19 -- 2 -0.17
Quarterly 3/1/20 485.10 512.50 472.00 481.58 13 -- 1 -0.03
Quarterly 6/1/19 462.80 480.50 446.60 463.73 17 -- 1 -0.16
Quarterly 9/1/19 433.99 449.00 413.00 434.00 17 -- 1 -0.37
Quarterly 12/1/19 485.45 504.00 464.10 487.50 17 1 -- 0.00

Actuals - EBITDA

Reported EPS Mean Estimate Surprise % Change
Annual 12/1/18 1,761.77 -- --
Annual 12/1/17 1,708.71 -- --
Annual 12/1/16 1,698.02 -- --
Quarterly 3/1/19 457.25 -- --
Quarterly 12/1/18 453.56 -- --
Quarterly 9/1/18 414.30 -- --
Quarterly 6/1/18 438.84 -- --

Reference Information - GAAP Earnings Per Share

Last Actual (FY0): 8.31
FY0 End Date: 12/1/18
Ind. Annual Div: --
Hist (5 Yr) Growth %: --
Yield (%): --

Analyst Forecasts - GAAP Earnings Per Share

Last Month Revisions
Last Month Revisions
Fiscal Period Mean High Low Median # of Estimates # Up # Down Mean % Change
Annual 12/1/21 11.73 12.36 11.16 11.77 5 -- 1 -0.76
Annual 12/1/20 10.83 11.24 10.29 10.85 11 -- 1 -0.18
Annual 12/1/19 9.83 10.26 8.31 9.98 9 -- 1 -0.03
Quarterly 3/1/20 2.76 2.85 2.58 2.78 7 -- 1 -0.10
Quarterly 6/1/19 2.46 2.58 2.34 2.47 9 -- 1 -0.22
Quarterly 9/1/19 2.29 2.36 2.18 2.31 9 -- 1 -0.15
Quarterly 12/1/19 2.68 2.82 2.57 2.70 9 1 -- 0.54

Actuals - GAAP Earnings Per Share

Reported EPS Mean Estimate Surprise % Change
Annual 12/1/18 8.31 -- --
Annual 12/1/17 7.81 -- --
Annual 12/1/16 7.14 -- --
Quarterly 3/1/19 2.57 -- --
Quarterly 12/1/18 1.70 -- --
Quarterly 9/1/18 1.84 -- --
Quarterly 6/1/18 2.39 -- --

Reference Information - Net Debt

Last Actual (FY0): 3,893.41
FY0 End Date: 12/1/18
Ind. Annual Div: --
Hist (5 Yr) Growth %: --
Yield (%): --

Analyst Forecasts - Net Debt

Last Month Revisions
Last Month Revisions
Fiscal Period Mean High Low Median # of Estimates # Up # Down Mean % Change
Annual 12/1/21 3,366.94 3,982.45 2,436.00 3,575.67 7 -- 1 -0.01
Annual 12/1/20 3,518.53 4,029.56 3,005.00 3,560.01 9 -- 1 -0.00
Annual 12/1/19 3,725.35 4,007.05 3,535.38 3,679.60 9 -- 1 -0.15
Quarterly 3/1/20 3,464.70 3,464.70 3,464.70 3,464.70 1 -- -- --
Quarterly 6/1/19 3,761.10 3,761.10 3,761.10 3,761.10 1 -- -- --
Quarterly 9/1/19 3,705.40 3,705.40 3,705.40 3,705.40 1 -- -- --
Quarterly 12/1/19 3,531.86 3,671.99 3,334.00 3,589.60 3 -- -- --

Actuals - Net Debt

Reported EPS Mean Estimate Surprise % Change
Annual 12/1/18 3,893.41 3,919.65 -0.67
Annual 12/1/17 3,965.59 3,871.12 2.44
Annual 12/1/16 4,102.38 3,627.71 13.08
Quarterly 3/1/19 3,831.20 3,804.80 0.69
Quarterly 12/1/18 3,893.41 3,887.13 0.16
Quarterly 9/1/18 3,942.62 3,733.40 5.60
Quarterly 6/1/18 3,913.58 -- --

Reference Information - Net Income

Last Actual (FY0): 894.35
FY0 End Date: 12/1/18
Ind. Annual Div: --
Hist (5 Yr) Growth %: --
Yield (%): --

Analyst Forecasts - Net Income

Last Month Revisions
Last Month Revisions
Fiscal Period Mean High Low Median # of Estimates # Up # Down Mean % Change
Annual 12/1/21 1,007.49 1,059.00 956.00 998.97 9 -- 1 -0.11
Annual 12/1/20 954.64 993.00 902.00 952.32 17 -- 1 -0.08
Annual 12/1/19 901.89 933.00 882.14 899.25 14 -- 1 -0.18
Quarterly 3/1/20 243.05 256.27 229.31 243.27 8 -- 1 -0.12
Quarterly 6/1/19 226.06 235.18 214.00 225.49 12 -- 1 -0.27
Quarterly 9/1/19 204.46 211.00 196.86 205.17 12 -- 1 -0.17
Quarterly 12/1/19 241.01 251.19 231.00 239.63 12 1 -- 0.37

Actuals - Net Income

Reported EPS Mean Estimate Surprise % Change
Annual 12/1/18 894.35 -- --
Annual 12/1/17 725.46 -- --
Annual 12/1/16 720.24 -- --
Quarterly 3/1/19 223.26 -- --
Quarterly 12/1/18 220.08 -- --
Quarterly 9/1/18 208.81 -- --
Quarterly 6/1/18 233.32 -- --

Reference Information - Operating Profit

Last Actual (FY0): --
FY0 End Date:
Ind. Annual Div: --
Hist (5 Yr) Growth %: --
Yield (%): --

Analyst Forecasts - Operating Profit

Last Month Revisions
Last Month Revisions
Fiscal Period Mean High Low Median # of Estimates # Up # Down Mean % Change
Annual 12/1/21 -- -- -- -- -- -- -- --
Annual 12/1/20 -- -- -- -- -- -- -- --
Annual 12/1/19 -- -- -- -- -- -- -- --
Quarterly 3/1/20 -- -- -- -- -- -- -- --
Quarterly 12/1/19 -- -- -- -- -- -- -- --
Quarterly 9/1/19 -- -- -- -- -- -- -- --
Quarterly 6/1/19 -- -- -- -- -- -- -- --

Actuals - Operating Profit

Reported EPS Mean Estimate Surprise % Change
12/1/00 -- -- --
12/1/00 -- -- --
12/1/00 -- -- --
12/1/00 -- -- --
12/1/00 -- -- --
12/1/00 -- -- --
12/1/00 -- -- --

Reference Information - Return On Equity

Last Actual (FY0): 17.23
FY0 End Date: 12/1/18
Ind. Annual Div: --
Hist (5 Yr) Growth %: --
Yield (%): --

Analyst Forecasts - Return On Equity

Last Month Revisions
Last Month Revisions
Fiscal Period Mean High Low Median # of Estimates # Up # Down Mean % Change
Annual 12/1/21 15.41 16.53 13.80 15.50 5 -- -- -1.51
Annual 12/1/20 15.64 16.44 14.40 15.80 6 -- -- -0.76
Annual 12/1/19 15.84 16.37 15.30 16.00 7 -- -- -0.43
Quarterly 3/1/20 16.60 16.60 16.60 16.60 1 -- -- --
Quarterly 6/1/19 15.30 15.30 15.30 15.30 1 -- -- --
Quarterly 9/1/19 14.30 14.30 14.30 14.30 1 -- -- --
Quarterly 12/1/19 16.90 16.90 16.90 16.90 1 -- -- --

Actuals - Return On Equity

Reported EPS Mean Estimate Surprise % Change
Annual 12/1/18 17.23 -- --
Annual 12/1/17 15.24 -- --
Annual 12/1/16 16.40 -- --
Quarterly 3/1/19 16.43 -- --
Quarterly 12/1/18 16.37 -- --
Quarterly 9/1/18 15.64 -- --
Quarterly 6/1/18 16.10 -- --

Reference Information - Sales

Last Actual (FY0): 10,772.28
FY0 End Date: 12/1/18
Ind. Annual Div: --
Hist (5 Yr) Growth %: --
Yield (%): --

Analyst Forecasts - Sales

Last Month Revisions
Last Month Revisions
Fiscal Period Mean High Low Median # of Estimates # Up # Down Mean % Change
Annual 12/1/21 12,287.60 12,534.84 12,072.90 12,294.00 9 1 -- 0.01
Annual 12/1/20 11,803.00 12,085.20 11,625.70 11,784.46 17 -- 1 -0.01
Annual 12/1/19 11,262.97 11,357.56 11,193.70 11,260.00 17 -- 1 -0.01
Quarterly 3/1/20 2,945.46 3,005.00 2,903.97 2,946.08 11 -- 1 -0.06
Quarterly 6/1/19 2,809.24 2,838.68 2,782.10 2,809.75 16 -- 1 -0.00
Quarterly 9/1/19 2,768.06 2,794.27 2,720.27 2,771.00 15 -- -- --
Quarterly 12/1/19 2,883.85 2,926.02 2,848.50 2,881.75 15 -- -- --

Actuals - Sales

Reported EPS Mean Estimate Surprise % Change
Annual 12/1/18 10,772.28 10,751.35 0.19
Annual 12/1/17 10,409.87 10,400.13 0.09
Annual 12/1/16 9,766.21 9,820.75 -0.56
Quarterly 3/1/19 2,804.39 2,815.38 -0.39
Quarterly 12/1/18 2,754.50 2,738.54 0.58
Quarterly 9/1/18 2,648.91 2,662.00 -0.49
Quarterly 6/1/18 2,681.35 2,715.21 -1.25

P/E Ratios

Fiscal Year FY0 FY1 FY2
Ratios 13.33 12.78 11.80

EPS Growth Rates

Fiscal YOY FY1/FY0 FY2/FY1 FY3/FY2
Growth Rate 4.83 8.28 7.96

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