First Call Estimates

Stock Information

Price (Prev Close): 98.77
Price - 52 Week High: 129.15
Price - 52 Week Low: 95.37
Price Date (Latest): 11/22/17
Median Price Target: 123.73
Diff from Prev Close: 24.96
% Difference: 25.27

Analyst Ratings

Mean Recommendation:

2.13

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 (%): 0.40

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 8.74 9.01 8.36 8.80 11 -- 6 -3.65
Annual 12/1/18 7.98 8.20 7.60 8.03 14 -- 11 -4.25
Annual 12/1/17 7.36 7.47 7.25 7.36 13 -- 10 -4.72
Quarterly 12/1/17 1.84 1.93 1.72 1.85 14 -- 11 -7.86
Quarterly 3/1/18 2.15 2.25 1.85 2.19 11 1 8 -2.99
Quarterly 6/1/18 2.06 2.13 1.95 2.05 11 3 4 -0.65
Quarterly 9/1/18 1.78 2.02 1.68 1.78 11 1 6 -3.70
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 61.77 65.29 59.35 60.67 3 -- 2 -3.12
Annual 12/1/18 56.33 58.27 54.97 55.75 3 -- 2 -2.73
Annual 12/1/17 50.46 51.62 49.07 50.70 3 -- 2 -0.85
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 13.75 14.67 12.83 13.74 3 -- 2 -2.47
Annual 12/1/18 13.26 14.37 12.55 13.07 4 -- 3 -3.85
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 0.40 0.40 2 -- -- --
Annual 12/1/18 0.40 0.40 0.40 0.40 3 -- -- --
Annual 12/1/17 0.37 0.40 0.30 0.40 3 1 -- 4.55
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 1,448.29 1,543.98 1,377.00 1,455.63 9 -- 6 -4.51
Annual 12/1/18 1,347.43 1,410.26 1,297.00 1,349.00 11 -- 9 -4.24
Annual 12/1/17 1,264.07 1,312.00 1,242.19 1,264.10 11 -- 8 -5.42
Quarterly 12/1/17 312.58 323.70 303.10 312.19 8 -- 7 -7.32
Quarterly 3/1/18 367.79 376.20 358.15 367.63 5 1 4 -1.92
Quarterly 6/1/18 346.81 354.42 333.61 349.50 5 1 4 -0.91
Quarterly 9/1/18 294.36 307.47 273.50 302.54 5 -- 4 -4.51

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 1,932.32 1,976.00 1,858.18 1,935.10 9 -- 3 -3.32
Annual 12/1/18 1,800.01 1,864.00 1,729.00 1,803.83 12 -- 8 -3.26
Annual 12/1/17 1,698.55 1,765.00 1,667.00 1,688.51 12 -- 8 -3.23
Quarterly 12/1/17 423.72 437.70 410.97 425.00 9 -- 8 -5.01
Quarterly 3/1/18 468.72 486.00 431.31 471.61 6 1 3 -2.33
Quarterly 6/1/18 458.03 470.00 444.44 460.95 6 2 2 -1.40
Quarterly 9/1/18 415.33 426.00 402.30 415.28 6 -- 3 -0.48

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 8.65 8.98 8.37 8.63 7 -- 3 -4.59
Annual 12/1/18 7.89 8.20 7.64 7.89 10 -- 7 -5.15
Annual 12/1/17 7.29 7.43 7.16 7.30 9 -- 4 -5.11
Quarterly 12/1/17 1.83 1.95 1.72 1.83 9 1 1 -5.61
Quarterly 3/1/18 2.19 2.29 2.11 2.18 7 -- 2 -2.39
Quarterly 6/1/18 2.07 2.15 2.02 2.05 7 -- 2 -1.26
Quarterly 9/1/18 1.71 1.91 1.56 1.69 7 -- 2 -1.99

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 3,219.90 3,386.00 3,070.23 3,211.69 4 3 -- 7.63
Annual 12/1/18 3,445.06 3,667.00 3,005.67 3,523.10 5 4 -- 5.17
Annual 12/1/17 3,849.73 3,942.90 3,639.68 3,878.40 5 4 -- 4.19
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 12/1/19 827.56 865.50 785.93 831.13 8 -- 5 -5.44
Annual 12/1/18 760.20 784.78 727.70 763.47 10 -- 8 -5.17
Annual 12/1/17 709.34 736.00 691.32 709.02 10 -- 8 -5.70
Quarterly 12/1/17 176.39 184.00 165.00 176.46 8 1 4 -8.69
Quarterly 3/1/18 207.88 210.62 204.10 208.40 4 1 3 -1.12
Quarterly 6/1/18 195.75 199.66 192.09 195.64 4 -- 4 -1.84
Quarterly 9/1/18 161.20 170.27 147.70 163.42 4 -- 3 -4.23

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 14.36 15.07 13.80 14.28 4 -- 3 -3.17
Annual 12/1/18 14.42 14.75 13.90 14.51 4 -- 3 -3.20
Annual 12/1/17 14.83 15.14 14.67 14.73 5 -- 3 -4.11
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 11,524.75 12,213.00 11,335.00 11,422.00 11 -- 7 -1.15
Annual 12/1/18 10,940.60 11,334.00 10,811.26 10,904.50 14 -- 12 -1.04
Annual 12/1/17 10,406.74 10,547.00 10,348.20 10,399.44 14 -- 11 -0.90
Quarterly 12/1/17 2,631.45 2,696.00 2,581.12 2,630.95 12 -- 10 -1.44
Quarterly 3/1/18 2,740.39 2,784.80 2,710.80 2,739.70 8 1 5 -0.63
Quarterly 6/1/18 2,728.80 2,746.00 2,707.66 2,730.88 8 1 3 -0.36
Quarterly 9/1/18 2,678.08 2,729.07 2,658.54 2,670.80 8 -- 5 -1.96

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 13.41 97.48 0.14
FY1 12.38 63.04 0.20
FY2 11.31 84.66 0.13

EPS Growth Rates

Growth Rates Company Industry Ind. Relative
FY1/FY0 0.61 134.33 0.43
FY2/FY1 8.33 27.58 0.85
FY3/FY2 8.33 27.58 0.85

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