First Call Estimates

Stock Information

Price (Prev Close): 115.47
Price - 52 Week High: 129.15
Price - 52 Week Low: 95.37
Price Date (Latest): 2/21/18
Median Price Target: 129.12
Diff from Prev Close: 13.65
% Difference: 11.82

Analyst Ratings

Mean Recommendation:

2.06

Sell

Strong Buy

Available Measures

Reference Information - Earnings Per Share

Last Actual (FY0): 7.32
FY0 End Date: 12/1/16
Ind. Annual Div: 0.40
Hist (5 Yr) Growth %: 14.87
Hist (5 Yr) Stability %: 10.19
Yield (%): 0.35

Analyst Forecasts - Earnings Per Share

Last Month Revisions
Last Month Revisions
Fiscal Period Mean High Low Median # of Estimates # Up # Down Mean % Change
Annual 12/1/19 9.46 10.91 8.36 8.94 14 4 1 5.98
Annual 12/1/18 8.59 9.88 7.60 8.07 16 5 1 5.74
Annual 12/1/17 7.38 7.52 7.25 7.38 15 -- 1 0.06
Quarterly 12/1/17 1.84 1.94 1.72 1.85 16 -- 2 -0.28
Quarterly 3/1/18 2.37 2.79 1.85 2.24 14 5 1 7.41
Quarterly 6/1/18 2.25 2.65 1.95 2.08 14 4 2 6.54
Quarterly 9/1/18 1.89 2.18 1.66 1.85 14 4 2 5.07
Long Term Growth 5.68 6.00 5.40 5.62 5 -- 3 -33.08

Actuals - Earnings Per Share

Reported EPS Mean Estimate Surprise % Change
Annual 12/1/16 7.32 7.34 -0.24
Annual 12/1/15 6.87 6.88 -0.18
Annual 12/1/14 5.78 5.74 0.65
Quarterly 9/1/17 1.49 1.68 -11.31
Quarterly 6/1/17 1.94 2.06 -5.82
Quarterly 3/1/17 2.10 2.06 1.95
Quarterly 12/1/16 1.80 1.81 -0.69

Reference Information - Book Value Per Share

Last Actual (FY0): 50.55
FY0 End Date: 12/1/16
Ind. Annual Div: --
Hist (5 Yr) Growth %: --
Hist (5 Yr) Stability %: --
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 12/1/19 61.48 65.29 59.35 59.81 3 -- 1 --
Annual 12/1/18 56.20 58.27 54.97 55.35 3 -- 1 --
Annual 12/1/17 50.44 51.62 48.99 50.70 3 -- 1 --
Quarterly 12/1/17 45.21 45.21 45.21 45.21 1 -- -- --

Actuals - Book Value Per Share

Reported EPS Mean Estimate Surprise % Change
Annual 12/1/16 50.55 -- --
Annual 12/1/15 43.23 -- --
Annual 12/1/14 40.86 -- --
Quarterly 9/1/17 50.86 -- --
Quarterly 6/1/17 54.46 -- --

Reference Information - Cash Flow Per Share

Last Actual (FY0): 13.10
FY0 End Date: 12/1/16
Ind. Annual Div: --
Hist (5 Yr) Growth %: --
Hist (5 Yr) Stability %: --
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 12/1/19 13.74 14.67 12.83 13.73 3 -- 2 -1.48
Annual 12/1/18 13.25 14.37 12.55 13.04 4 -- 3 -2.78
Annual 12/1/17 11.78 12.59 11.26 11.63 4 1 2 -2.22
Quarterly 12/1/17 3.52 3.52 3.52 3.52 1 -- 1 --
Quarterly 3/1/18 3.79 3.79 3.79 3.79 1 -- 1 --
Quarterly 6/1/18 3.64 3.64 3.64 3.64 1 -- 1 --
Quarterly 9/1/18 3.06 3.06 3.06 3.06 1 -- -- --

Actuals - Cash Flow Per Share

Reported EPS Mean Estimate Surprise % Change
Annual 12/1/16 13.10 12.89 1.61
Annual 12/1/15 10.14 10.82 -6.27
Annual 12/1/14 10.30 9.51 8.29
Quarterly 9/1/17 3.59 2.90 23.79
Quarterly 6/1/17 0.52 3.71 -85.98
Quarterly 3/1/17 4.96 4.47 10.89
Quarterly 12/1/16 1.92 2.85 -32.57

Reference Information - Dividend Per Share

Last Actual (FY0): 0.40
FY0 End Date: 12/1/16
Ind. Annual Div: --
Hist (5 Yr) Growth %: --
Hist (5 Yr) Stability %: --
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 12/1/19 0.40 0.40 0.39 0.40 3 -- -- --
Annual 12/1/18 0.40 0.40 0.39 0.40 4 -- -- --
Annual 12/1/17 0.38 0.40 0.30 0.40 4 -- -- --
Quarterly 12/1/17 0.10 0.10 0.10 0.10 1 -- -- --
Quarterly 3/1/18 0.10 0.10 0.10 0.10 1 -- -- --
Quarterly 6/1/18 0.10 0.10 0.10 0.10 1 -- -- --
Quarterly 9/1/18 0.10 0.10 0.10 0.10 1 -- -- --

Actuals - Dividend Per Share

Reported EPS Mean Estimate Surprise % Change
Annual 12/1/16 0.40 -- --
Annual 12/1/15 0.40 -- --
Annual 12/1/14 0.30 -- --
Quarterly 9/1/17 0.10 -- --
Quarterly 6/1/17 0.10 -- --
Quarterly 3/1/17 0.10 -- --
Quarterly 12/1/16 0.10 -- --

Reference Information - EBIT

Last Actual (FY0): 1,276.07
FY0 End Date: 12/1/16
Ind. Annual Div: --
Hist (5 Yr) Growth %: --
Hist (5 Yr) Stability %: --
Yield (%): --

Analyst Forecasts - EBIT

Last Month Revisions
Last Month Revisions
Fiscal Period Mean High Low Median # of Estimates # Up # Down Mean % Change
Annual 12/1/19 1,427.07 1,478.61 1,377.00 1,423.00 12 -- 2 -0.86
Annual 12/1/18 1,338.86 1,370.57 1,297.00 1,349.00 13 1 2 -0.41
Annual 12/1/17 1,259.77 1,279.31 1,242.19 1,256.44 11 -- 2 -0.41
Quarterly 12/1/17 312.39 323.70 303.10 312.00 9 -- -- --
Quarterly 3/1/18 367.79 376.20 358.15 367.79 7 -- -- 0.00
Quarterly 6/1/18 348.36 354.42 333.61 351.00 7 -- -- 0.13
Quarterly 9/1/18 294.60 307.47 273.50 301.10 7 -- -- 0.37

Actuals - EBIT

Reported EPS Mean Estimate Surprise % Change
Annual 12/1/16 1,276.07 -- --
Annual 12/1/15 1,243.58 -- --
Annual 12/1/14 1,126.85 -- --
Quarterly 9/1/17 259.46 -- --
Quarterly 6/1/17 332.85 -- --
Quarterly 3/1/17 355.18 -- --
Quarterly 12/1/16 308.89 -- --

Reference Information - EBITDA

Last Actual (FY0): 1,698.02
FY0 End Date: 12/1/16
Ind. Annual Div: --
Hist (5 Yr) Growth %: --
Hist (5 Yr) Stability %: --
Yield (%): --

Analyst Forecasts - EBITDA

Last Month Revisions
Last Month Revisions
Fiscal Period Mean High Low Median # of Estimates # Up # Down Mean % Change
Annual 12/1/19 1,897.18 1,935.10 1,858.18 1,885.00 11 1 1 -0.10
Annual 12/1/18 1,781.59 1,818.37 1,729.00 1,783.19 14 2 1 0.02
Annual 12/1/17 1,687.73 1,710.18 1,667.00 1,686.92 14 2 1 0.06
Quarterly 12/1/17 421.71 437.70 410.97 419.50 10 1 -- 0.06
Quarterly 3/1/18 470.28 486.00 431.31 471.61 10 -- -- 0.14
Quarterly 6/1/18 458.70 470.00 444.44 460.95 10 -- -- 0.12
Quarterly 9/1/18 409.07 426.00 382.00 412.17 10 -- -- -0.05

Actuals - EBITDA

Reported EPS Mean Estimate Surprise % Change
Annual 12/1/16 1,698.02 -- --
Annual 12/1/15 1,658.01 -- --
Annual 12/1/14 1,465.20 -- --
Quarterly 9/1/17 363.38 -- --
Quarterly 6/1/17 438.34 -- --
Quarterly 3/1/17 460.06 -- --
Quarterly 12/1/16 421.67 -- --

Reference Information - GAAP Earnings Per Share

Last Actual (FY0): 7.14
FY0 End Date: 12/1/16
Ind. Annual Div: --
Hist (5 Yr) Growth %: --
Hist (5 Yr) Stability %: --
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 12/1/19 9.61 10.78 8.37 10.05 9 3 -- 7.83
Annual 12/1/18 8.64 9.81 7.64 8.07 11 4 -- 6.62
Annual 12/1/17 7.28 7.35 7.16 7.31 10 -- 1 0.06
Quarterly 12/1/17 1.81 1.89 1.72 1.82 9 -- 1 -1.10
Quarterly 3/1/18 2.45 2.67 2.14 2.57 7 3 -- 7.82
Quarterly 6/1/18 2.31 2.56 2.02 2.48 7 3 -- 7.42
Quarterly 9/1/18 1.88 2.13 1.56 1.84 7 3 -- 5.79

Actuals - GAAP Earnings Per Share

Reported EPS Mean Estimate Surprise % Change
Annual 12/1/16 7.14 -- --
Annual 12/1/15 6.76 -- --
Annual 12/1/14 5.42 -- --
Quarterly 9/1/17 1.47 -- --
Quarterly 6/1/17 1.91 -- --
Quarterly 3/1/17 2.12 -- --
Quarterly 12/1/16 1.78 -- --

Reference Information - Net Debt

Last Actual (FY0): 4,102.38
FY0 End Date: 12/1/16
Ind. Annual Div: --
Hist (5 Yr) Growth %: --
Hist (5 Yr) Stability %: --
Yield (%): --

Analyst Forecasts - Net Debt

Last Month Revisions
Last Month Revisions
Fiscal Period Mean High Low Median # of Estimates # Up # Down Mean % Change
Annual 12/1/19 3,408.69 3,982.26 3,116.90 3,306.48 5 1 -- 0.32
Annual 12/1/18 3,541.13 4,002.03 3,025.10 3,553.22 6 1 -- 0.10
Annual 12/1/17 3,871.12 3,976.74 3,641.02 3,908.20 6 1 -- -0.00
Quarterly 12/1/17 3,878.40 3,878.40 3,878.40 3,878.40 1 1 -- --
Quarterly 3/1/18 3,728.40 3,728.40 3,728.40 3,728.40 1 1 -- --
Quarterly 6/1/18 3,616.00 3,616.00 3,616.00 3,616.00 1 1 -- --
Quarterly 9/1/18 3,545.90 3,545.90 3,545.90 3,545.90 1 1 -- --

Actuals - Net Debt

Reported EPS Mean Estimate Surprise % Change
Annual 12/1/16 4,102.38 3,627.71 13.08
Annual 12/1/15 3,388.80 3,099.60 9.33
Annual 12/1/14 3,246.47 3,156.37 2.85
Quarterly 9/1/17 3,974.73 3,709.90 7.14
Quarterly 6/1/17 4,048.58 3,708.70 9.16
Quarterly 3/1/17 3,835.61 3,984.80 -3.74
Quarterly 12/1/16 4,102.38 3,859.40 6.30

Reference Information - Net Income

Last Actual (FY0): 720.24
FY0 End Date: 12/1/16
Ind. Annual Div: --
Hist (5 Yr) Growth %: --
Hist (5 Yr) Stability %: --
Yield (%): --

Analyst Forecasts - Net Income

Last Month Revisions
Last Month Revisions
Fiscal Period Mean High Low Median # of Estimates # Up # Down Mean % Change
Annual 12/1/19 849.93 969.30 775.00 826.87 9 1 1 1.21
Annual 12/1/18 782.54 907.58 727.70 763.00 11 1 1 1.24
Annual 12/1/17 708.86 720.69 691.32 710.00 11 1 2 -0.31
Quarterly 12/1/17 175.10 181.40 165.00 175.60 7 -- -- -0.11
Quarterly 3/1/18 216.10 249.00 204.10 208.54 5 -- -- --
Quarterly 6/1/18 203.88 236.40 192.09 196.57 5 -- -- --
Quarterly 9/1/18 168.76 199.00 147.70 166.14 5 -- -- --

Actuals - Net Income

Reported EPS Mean Estimate Surprise % Change
Annual 12/1/16 720.24 -- --
Annual 12/1/15 692.05 -- --
Annual 12/1/14 581.75 -- --
Quarterly 9/1/17 143.39 -- --
Quarterly 6/1/17 188.05 -- --
Quarterly 3/1/17 204.38 -- --
Quarterly 12/1/16 175.98 -- --

Reference Information - Operating Profit

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

Analyst Forecasts - Operating Profit

Last Month Revisions
Last Month Revisions
Fiscal Period Mean High Low Median # of Estimates # Up # Down Mean % Change
Annual 12/1/18 1,463.50 1,463.50 1,463.50 1,463.50 1 -- -- --
Annual 12/1/17 1,351.20 1,351.20 1,351.20 1,351.20 1 -- -- --

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): 16.40
FY0 End Date: 12/1/16
Ind. Annual Div: --
Hist (5 Yr) Growth %: --
Hist (5 Yr) Stability %: --
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 12/1/19 14.42 15.31 13.80 14.28 4 1 -- --
Annual 12/1/18 14.45 14.90 13.90 14.51 4 1 -- --
Annual 12/1/17 14.80 14.99 14.67 14.73 5 -- 1 --
Quarterly 12/1/17 13.10 13.10 13.10 13.10 1 -- 1 --
Quarterly 3/1/18 15.70 15.70 15.70 15.70 1 -- 1 --
Quarterly 6/1/18 14.60 14.60 14.60 14.60 1 -- 1 --
Quarterly 9/1/18 10.90 10.90 10.90 10.90 1 -- 1 --

Actuals - Return On Equity

Reported EPS Mean Estimate Surprise % Change
Annual 12/1/16 16.40 -- --
Annual 12/1/15 17.33 -- --
Annual 12/1/14 16.66 -- --
Quarterly 9/1/17 13.09 -- --
Quarterly 6/1/17 15.75 -- --
Quarterly 3/1/17 17.64 -- --
Quarterly 12/1/16 15.77 -- --

Reference Information - Sales

Last Actual (FY0): 9,766.21
FY0 End Date: 12/1/16
Ind. Annual Div: --
Hist (5 Yr) Growth %: --
Hist (5 Yr) Stability %: --
Yield (%): --

Analyst Forecasts - Sales

Last Month Revisions
Last Month Revisions
Fiscal Period Mean High Low Median # of Estimates # Up # Down Mean % Change
Annual 12/1/19 11,573.82 12,128.81 11,317.10 11,559.20 14 1 2 0.03
Annual 12/1/18 10,957.38 11,262.42 10,811.26 10,945.50 16 -- 3 -0.61
Annual 12/1/17 10,400.13 10,514.18 10,347.00 10,398.04 16 -- 2 -0.12
Quarterly 12/1/17 2,633.72 2,747.10 2,580.00 2,628.10 14 -- -- -0.21
Quarterly 3/1/18 2,745.92 2,790.57 2,710.80 2,740.00 11 -- 1 0.05
Quarterly 6/1/18 2,738.51 2,780.21 2,707.66 2,732.20 11 -- 1 0.15
Quarterly 9/1/18 2,692.08 2,751.65 2,648.90 2,672.93 11 -- 1 0.22

Actuals - Sales

Reported EPS Mean Estimate Surprise % Change
Annual 12/1/16 9,766.21 9,820.75 -0.56
Annual 12/1/15 9,043.45 9,054.40 -0.12
Annual 12/1/14 8,065.33 7,997.52 0.85
Quarterly 9/1/17 2,541.86 2,603.77 -2.38
Quarterly 6/1/17 2,612.36 2,657.20 -1.69
Quarterly 3/1/17 2,612.86 2,679.32 -2.48
Quarterly 12/1/16 2,475.69 2,489.85 -0.57

P/E Ratios

P/E Ratios Company Industry Ind. Relative
FY0 13.44 70.65 0.19
FY1 12.20 97.00 0.13
FY2 11.68 99.68 0.12

EPS Growth Rates

Growth Rates Company Industry Ind. Relative
FY1/FY0 16.35 39.56 0.83
FY2/FY1 10.16 10.28 1.00
FY3/FY2 10.16 10.28 1.00

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