First Call Estimates

Stock Information

Price (Prev Close): 125.64
Price - 52 Week High: 132.63
Price - 52 Week Low: 95.37
Price Date (Latest): 10/18/18
Median Price Target: 136.44
Diff from Prev Close: 10.80
% Difference: 8.59

Analyst Ratings

Mean Recommendation:

2.11

Sell

Strong Buy

Available Measures

Reference Information - Earnings Per Share

Last Actual (FY0): 7.53
FY0 End Date: 12/1/17
Ind. Annual Div: 0.38
Hist (5 Yr) Growth %: 14.05
Hist (5 Yr) Stability %: 9.60
Yield (%): 0.30

Analyst Forecasts - Earnings Per Share

Last Month Revisions
Last Month Revisions
Fiscal Period Mean High Low Median # of Estimates # Up # Down Mean % Change
Annual 12/1/20 10.93 11.17 10.77 10.95 10 1 -- 0.24
Annual 12/1/19 10.26 10.56 9.78 10.28 16 -- 1 --
Annual 12/1/18 9.50 9.64 9.40 9.49 12 -- 1 --
Quarterly 9/1/18 2.01 2.13 1.86 2.02 16 -- 2 -0.25
Quarterly 12/1/18 2.54 2.73 2.37 2.56 16 1 -- --
Quarterly 3/1/19 2.68 2.90 2.45 2.71 12 -- 3 -0.24
Quarterly 6/1/19 2.59 2.75 2.43 2.60 12 2 1 0.19
Long Term Growth 10.87 14.37 5.40 11.85 4 -- 1 --

Actuals - Earnings Per Share

Reported EPS Mean Estimate Surprise % Change
Annual 12/1/17 7.53 7.38 2.00
Annual 12/1/16 7.32 7.34 -0.24
Annual 12/1/15 6.87 6.88 -0.18
Quarterly 6/1/18 2.47 2.39 3.34
Quarterly 3/1/18 2.45 2.59 -5.24
Quarterly 12/1/17 2.00 1.84 8.80
Quarterly 9/1/17 1.49 1.68 -11.31

Reference Information - Book Value Per Share

Last Actual (FY0): 58.10
FY0 End Date: 12/1/17
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 12/1/20 65.90 68.93 62.86 65.90 2 -- 2 -0.10
Annual 12/1/19 60.32 63.10 57.54 60.32 2 -- 2 -0.22
Annual 12/1/18 55.44 57.54 53.35 55.44 2 -- 2 -0.07

Actuals - Book Value Per Share

Reported EPS Mean Estimate Surprise % Change
Annual 12/1/17 58.10 -- --
Annual 12/1/16 50.55 -- --
Annual 12/1/15 43.23 -- --
Quarterly 12/1/17 58.10 -- --
Quarterly 9/1/17 50.86 -- --

Reference Information - Cash Flow Per Share

Last Actual (FY0): 12.28
FY0 End Date: 12/1/17
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 12/1/20 16.56 17.48 15.64 16.56 2 1 1 0.02
Annual 12/1/19 15.06 16.02 14.52 14.63 3 2 1 0.15
Annual 12/1/18 13.43 13.72 13.18 13.39 3 1 2 -1.68
Quarterly 9/1/18 3.13 3.13 3.13 3.13 1 1 -- --
Quarterly 12/1/18 3.45 3.45 3.45 3.45 1 -- 1 --
Quarterly 3/1/19 4.23 4.23 4.23 4.23 1 -- 1 --
Quarterly 6/1/19 3.51 3.51 3.51 3.51 1 -- -- --

Actuals - Cash Flow Per Share

Reported EPS Mean Estimate Surprise % Change
Annual 12/1/17 12.28 11.78 4.26
Annual 12/1/16 13.10 12.89 1.61
Annual 12/1/15 10.14 10.82 -6.27
Quarterly 6/1/18 2.81 3.29 -14.59
Quarterly 3/1/18 3.84 3.99 -3.76
Quarterly 12/1/17 3.21 3.52 -8.81
Quarterly 9/1/17 3.59 2.90 23.79

Reference Information - Dividend Per Share

Last Actual (FY0): 0.40
FY0 End Date: 12/1/17
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 12/1/20 0.40 0.40 0.40 0.40 3 -- -- --
Annual 12/1/19 0.40 0.40 0.40 0.40 4 -- -- --
Annual 12/1/18 0.40 0.40 0.40 0.40 4 -- -- --
Quarterly 9/1/18 0.10 0.10 0.10 0.10 1 -- -- --
Quarterly 12/1/18 0.10 0.10 0.10 0.10 1 -- -- --
Quarterly 3/1/19 0.10 0.10 0.10 0.10 1 -- -- --
Quarterly 6/1/19 0.10 0.10 0.10 0.10 1 -- -- --

Actuals - Dividend Per Share

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

Reference Information - EBIT

Last Actual (FY0): 1,258.08
FY0 End Date: 12/1/17
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 12/1/20 1,462.09 1,530.75 1,371.89 1,475.00 9 -- 1 -0.27
Annual 12/1/19 1,405.00 1,467.84 1,339.00 1,408.50 13 -- 2 -0.18
Annual 12/1/18 1,316.27 1,351.00 1,239.87 1,313.62 12 -- 1 -0.14
Quarterly 9/1/18 288.03 298.36 275.00 291.00 9 -- 1 --
Quarterly 12/1/18 352.65 365.70 333.90 355.40 9 1 -- --
Quarterly 3/1/19 372.58 383.71 363.35 371.30 5 2 1 --
Quarterly 6/1/19 355.94 363.92 352.60 354.40 5 1 1 --

Actuals - EBIT

Reported EPS Mean Estimate Surprise % Change
Annual 12/1/17 1,258.08 -- --
Annual 12/1/16 1,276.07 -- --
Annual 12/1/15 1,243.58 -- --
Quarterly 6/1/18 333.91 -- --
Quarterly 3/1/18 346.81 -- --
Quarterly 12/1/17 325.27 -- --
Quarterly 9/1/17 259.46 -- --

Reference Information - EBITDA

Last Actual (FY0): 1,708.71
FY0 End Date: 12/1/17
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 12/1/20 1,940.76 1,979.90 1,870.39 1,948.00 9 -- 1 -0.20
Annual 12/1/19 1,870.09 1,928.55 1,825.00 1,870.57 15 -- 3 -0.11
Annual 12/1/18 1,767.38 1,804.83 1,710.34 1,764.22 15 -- 3 -0.09
Quarterly 9/1/18 402.16 413.62 388.00 401.87 13 -- 3 -0.15
Quarterly 12/1/18 470.00 497.25 449.40 469.00 13 1 2 -0.13
Quarterly 3/1/19 481.30 490.72 455.07 484.50 8 1 1 -0.21
Quarterly 6/1/19 469.10 480.34 449.00 469.92 8 -- 2 -0.21

Actuals - EBITDA

Reported EPS Mean Estimate Surprise % Change
Annual 12/1/17 1,708.71 -- --
Annual 12/1/16 1,698.02 -- --
Annual 12/1/15 1,658.01 -- --
Quarterly 6/1/18 438.84 -- --
Quarterly 3/1/18 455.08 -- --
Quarterly 12/1/17 446.93 -- --
Quarterly 9/1/17 363.38 -- --

Reference Information - GAAP Earnings Per Share

Last Actual (FY0): 7.81
FY0 End Date: 12/1/17
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 12/1/20 11.04 11.17 10.90 11.05 3 -- -- --
Annual 12/1/19 10.30 10.56 9.81 10.35 9 -- -- --
Annual 12/1/18 9.16 9.49 7.75 9.38 7 1 -- --
Quarterly 9/1/18 2.01 2.10 1.92 2.01 6 -- 1 --
Quarterly 12/1/18 2.52 2.64 2.31 2.57 6 1 -- --
Quarterly 3/1/19 2.74 2.76 2.70 2.74 4 -- -- --
Quarterly 6/1/19 2.60 2.62 2.58 2.60 4 -- -- --

Actuals - GAAP Earnings Per Share

Reported EPS Mean Estimate Surprise % Change
Annual 12/1/17 7.81 -- --
Annual 12/1/16 7.14 -- --
Annual 12/1/15 6.76 -- --
Quarterly 6/1/18 2.39 -- --
Quarterly 3/1/18 2.36 -- --
Quarterly 12/1/17 2.31 -- --
Quarterly 9/1/17 1.47 -- --

Reference Information - Net Debt

Last Actual (FY0): 3,965.59
FY0 End Date: 12/1/17
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 12/1/20 3,448.38 3,768.03 2,980.00 3,522.75 4 2 -- 0.22
Annual 12/1/19 3,594.68 3,782.35 3,416.00 3,556.15 5 2 -- 0.15
Annual 12/1/18 3,771.15 3,830.73 3,670.20 3,812.00 5 2 -- 0.05
Quarterly 9/1/18 3,827.80 3,827.80 3,827.80 3,827.80 1 -- -- --
Quarterly 12/1/18 3,670.20 3,670.20 3,670.20 3,670.20 1 -- -- --
Quarterly 3/1/19 3,551.00 3,551.00 3,551.00 3,551.00 1 -- -- --
Quarterly 6/1/19 3,537.40 3,537.40 3,537.40 3,537.40 1 -- -- --

Actuals - Net Debt

Reported EPS Mean Estimate Surprise % Change
Annual 12/1/17 3,965.59 3,871.12 2.44
Annual 12/1/16 4,102.38 3,627.71 13.08
Annual 12/1/15 3,388.80 3,099.60 9.33
Quarterly 6/1/18 3,913.58 3,616.00 8.23
Quarterly 3/1/18 3,848.28 3,728.40 3.22
Quarterly 12/1/17 3,965.59 3,878.40 2.25
Quarterly 9/1/17 3,974.73 3,709.90 7.14

Reference Information - Net Income

Last Actual (FY0): 725.46
FY0 End Date: 12/1/17
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 12/1/20 989.07 1,020.60 945.37 996.30 9 1 -- 0.28
Annual 12/1/19 946.64 984.80 893.00 947.20 13 -- 2 -0.00
Annual 12/1/18 887.41 908.70 865.96 890.00 12 -- 2 -0.00
Quarterly 9/1/18 187.22 196.58 177.00 186.72 9 1 1 0.02
Quarterly 12/1/18 237.01 247.29 221.00 238.30 9 1 1 -0.01
Quarterly 3/1/19 254.74 262.82 249.71 253.60 6 -- 1 --
Quarterly 6/1/19 241.82 247.26 238.80 241.59 6 2 1 0.86

Actuals - Net Income

Reported EPS Mean Estimate Surprise % Change
Annual 12/1/17 725.46 -- --
Annual 12/1/16 720.24 -- --
Annual 12/1/15 692.05 -- --
Quarterly 6/1/18 233.32 -- --
Quarterly 3/1/18 232.15 -- --
Quarterly 12/1/17 189.64 -- --
Quarterly 9/1/17 143.39 -- --

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 12/1/19 14.36 14.36 14.36 14.36 1 -- -- --
Annual 12/1/18 30.00 30.00 30.00 30.00 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): 15.24
FY0 End Date: 12/1/17
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 12/1/20 16.00 17.29 14.90 15.90 4 2 -- 2.17
Annual 12/1/19 16.30 17.16 15.20 16.42 4 1 1 0.79
Annual 12/1/18 16.72 17.16 16.10 16.80 5 1 1 0.28
Quarterly 9/1/18 14.15 15.20 13.10 14.15 2 -- -- 7.42
Quarterly 12/1/18 15.95 17.00 14.90 15.95 2 -- -- -6.58
Quarterly 3/1/19 17.20 17.20 17.20 17.20 1 -- -- --
Quarterly 6/1/19 16.40 16.40 16.40 16.40 1 -- -- --

Actuals - Return On Equity

Reported EPS Mean Estimate Surprise % Change
Annual 12/1/17 15.24 -- --
Annual 12/1/16 16.40 -- --
Annual 12/1/15 17.33 -- --
Quarterly 6/1/18 16.10 -- --
Quarterly 12/1/17 15.39 -- --
Quarterly 9/1/17 13.09 -- --

Reference Information - Sales

Last Actual (FY0): 10,409.87
FY0 End Date: 12/1/17
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 12/1/20 11,821.55 12,008.39 11,576.00 11,820.60 9 1 -- -0.00
Annual 12/1/19 11,338.84 11,579.60 11,095.50 11,376.67 15 1 1 -0.01
Annual 12/1/18 10,811.16 10,942.00 10,601.30 10,813.32 16 -- 1 --
Quarterly 9/1/18 2,664.68 2,750.50 2,557.80 2,672.76 13 -- 1 --
Quarterly 12/1/18 2,761.48 2,852.82 2,643.40 2,772.08 12 4 4 -0.53
Quarterly 3/1/19 2,835.73 2,873.99 2,809.70 2,830.02 8 4 1 -0.02
Quarterly 6/1/19 2,828.50 2,880.74 2,785.20 2,825.33 8 2 3 -0.31

Actuals - Sales

Reported EPS Mean Estimate Surprise % Change
Annual 12/1/17 10,409.87 10,400.13 0.09
Annual 12/1/16 9,766.21 9,820.75 -0.56
Annual 12/1/15 9,043.45 9,054.40 -0.12
Quarterly 6/1/18 2,681.35 2,715.21 -1.25
Quarterly 3/1/18 2,687.52 2,747.73 -2.19
Quarterly 12/1/17 2,642.79 2,633.72 0.34
Quarterly 9/1/17 2,541.86 2,603.77 -2.38

P/E Ratios

P/E Ratios Company Industry Ind. Relative
FY0 13.22 35.11 0.38
FY1 12.25 64.49 0.19
FY2 11.49 121.76 0.09

EPS Growth Rates

Growth Rates Company Industry Ind. Relative
FY1/FY0 26.20 49.31 0.85
FY2/FY1 7.96 14.51 0.94
FY3/FY2 7.96 14.51 0.94

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