First Call Estimates

Stock Information

Price (Prev Close): 134.02
Price - 52 Week High: 142.14
Price - 52 Week Low: 109.37
Price Date (Latest): 3/21/19
Median Price Target: 148.22
Diff from Prev Close: 14.20
% Difference: 10.60

Analyst Ratings

Mean Recommendation:

2.2

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 %: 12.66
Hist (5 Yr) Stability %: 9.07
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 12/1/21 11.67 12.21 10.96 11.70 9 -- -- -0.91
Annual 12/1/20 10.85 11.56 10.27 10.85 19 8 6 0.19
Annual 12/1/19 10.03 10.24 9.65 10.05 19 9 7 0.14
Quarterly 3/1/19 2.62 2.88 2.54 2.62 18 7 6 -0.24
Quarterly 6/1/19 2.53 2.65 2.38 2.54 18 6 8 -1.29
Quarterly 9/1/19 2.24 2.49 2.05 2.26 18 8 6 0.02
Quarterly 12/1/19 2.64 2.78 2.44 2.65 18 6 5 0.71
Long Term Growth 11.38 14.02 7.21 12.15 4 -- 2 -19.04

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 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
Quarterly 3/1/18 2.45 2.59 -5.24

Reference Information - Book Value Per Share

Last Actual (FY0): 59.00
FY0 End Date: 12/1/18
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 12/1/21 75.31 83.95 64.34 76.47 4 -- -- 14.57
Annual 12/1/20 69.41 74.28 59.29 71.02 5 1 4 -2.16
Annual 12/1/19 62.39 65.02 54.88 64.74 5 1 4 -2.05
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 -- --
Quarterly 12/1/18 59.00 -- --

Reference Information - Cash Flow Per Share

Last Actual (FY0): 14.30
FY0 End Date: 12/1/18
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 12/1/21 17.77 18.55 16.78 17.99 3 -- -- -1.21
Annual 12/1/20 16.47 17.68 15.34 16.32 5 3 1 0.16
Annual 12/1/19 15.24 16.02 14.65 15.21 5 3 2 -0.26
Quarterly 3/1/19 4.02 4.10 3.93 4.02 2 -- 2 -0.50
Quarterly 6/1/19 3.71 3.92 3.49 3.71 2 1 1 -0.94
Quarterly 9/1/19 3.32 3.59 3.04 3.32 2 1 1 2.56
Quarterly 12/1/19 3.78 3.80 3.76 3.78 2 -- 1 -1.46

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 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
Quarterly 3/1/18 3.84 3.99 -3.76

Reference Information - Dividend Per Share

Last Actual (FY0): 0.40
FY0 End Date: 12/1/18
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 12/1/21 0.27 0.40 -- 0.40 6 -- -- 25.00
Annual 12/1/20 0.40 0.43 0.40 0.40 7 -- -- --
Annual 12/1/19 0.40 0.41 0.40 0.40 7 -- -- -0.06
Quarterly 3/1/19 0.10 0.10 0.10 0.10 3 -- -- --
Quarterly 6/1/19 0.10 0.10 0.10 0.10 3 -- -- --
Quarterly 9/1/19 0.10 0.10 0.10 0.10 3 -- -- --
Quarterly 12/1/19 0.10 0.10 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 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 %: --
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 12/1/21 1,511.96 1,600.00 1,425.00 1,516.08 8 1 -- -3.52
Annual 12/1/20 1,455.54 1,604.40 1,368.00 1,454.63 15 5 9 -0.26
Annual 12/1/19 1,379.32 1,424.00 1,325.68 1,377.56 15 8 7 -0.17
Quarterly 3/1/19 359.67 378.40 343.29 358.00 11 3 6 -0.60
Quarterly 6/1/19 348.51 363.60 334.00 348.39 11 4 5 -0.31
Quarterly 9/1/19 310.11 322.89 296.20 312.88 11 7 2 2.04
Quarterly 12/1/19 360.12 384.59 329.31 359.60 11 5 3 0.01

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 12/1/18 341.03 -- --
Quarterly 9/1/18 305.15 -- --
Quarterly 6/1/18 333.91 -- --
Quarterly 3/1/18 346.81 -- --

Reference Information - EBITDA

Last Actual (FY0): 1,761.77
FY0 End Date: 12/1/18
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 12/1/21 2,016.14 2,042.24 1,960.00 2,024.98 8 -- -- -0.31
Annual 12/1/20 1,942.38 2,097.30 1,871.00 1,944.76 18 9 3 0.99
Annual 12/1/19 1,853.87 1,898.40 1,813.00 1,864.00 18 13 1 1.06
Quarterly 3/1/19 476.72 498.40 456.88 475.60 15 4 5 0.31
Quarterly 6/1/19 467.56 476.50 456.00 468.00 15 4 4 0.60
Quarterly 9/1/19 430.69 446.46 413.02 432.56 15 9 -- 1.71
Quarterly 12/1/19 481.45 497.64 449.41 482.00 15 6 2 2.14

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 12/1/18 453.56 -- --
Quarterly 9/1/18 414.30 -- --
Quarterly 6/1/18 438.84 -- --
Quarterly 3/1/18 455.08 -- --

Reference Information - GAAP Earnings Per Share

Last Actual (FY0): 8.31
FY0 End Date: 12/1/18
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 12/1/21 11.89 12.22 11.70 11.74 3 1 -- 1.58
Annual 12/1/20 10.97 11.56 10.62 10.95 10 3 5 -2.25
Annual 12/1/19 9.86 10.22 8.31 10.02 10 5 5 -1.08
Quarterly 3/1/19 2.62 2.73 2.55 2.62 8 2 5 -0.95
Quarterly 6/1/19 2.53 2.65 2.45 2.53 8 3 4 -0.87
Quarterly 9/1/19 2.24 2.30 2.16 2.24 8 5 2 0.57
Quarterly 12/1/19 2.65 2.72 2.44 2.68 8 2 4 0.02

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 12/1/18 1.70 -- --
Quarterly 9/1/18 1.84 -- --
Quarterly 6/1/18 2.39 -- --
Quarterly 3/1/18 2.36 -- --

Reference Information - Net Debt

Last Actual (FY0): 3,893.41
FY0 End Date: 12/1/18
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 12/1/21 3,421.64 3,824.38 2,432.00 3,714.92 6 -- -- -0.00
Annual 12/1/20 3,582.95 3,843.08 3,015.00 3,766.73 9 5 2 1.43
Annual 12/1/19 3,770.28 3,902.77 3,577.00 3,776.00 9 5 3 1.33
Quarterly 3/1/19 3,804.80 3,804.80 3,804.80 3,804.80 1 1 -- --
Quarterly 6/1/19 3,823.60 3,823.60 3,823.60 3,823.60 1 1 -- --
Quarterly 9/1/19 3,872.60 3,872.60 3,872.60 3,872.60 1 1 -- --
Quarterly 12/1/19 3,595.42 3,880.70 3,334.00 3,583.50 4 1 -- --

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 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 3,616.00 8.23
Quarterly 3/1/18 3,848.28 3,728.40 3.22

Reference Information - Net Income

Last Actual (FY0): 894.35
FY0 End Date: 12/1/18
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 12/1/21 1,017.70 1,058.00 958.00 1,016.30 8 -- 1 -2.16
Annual 12/1/20 970.01 1,113.50 903.00 962.70 16 4 9 -2.35
Annual 12/1/19 913.22 934.50 876.00 916.77 15 2 12 -1.35
Quarterly 3/1/19 238.85 248.00 222.72 239.91 12 1 7 -2.10
Quarterly 6/1/19 232.29 241.80 218.00 232.62 12 3 5 -1.27
Quarterly 9/1/19 201.64 211.20 189.60 202.14 12 4 4 0.36
Quarterly 12/1/19 239.51 255.21 221.79 241.11 12 2 5 -0.98

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 12/1/18 220.08 -- --
Quarterly 9/1/18 208.81 -- --
Quarterly 6/1/18 233.32 -- --
Quarterly 3/1/18 232.15 -- --

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 -- -- --

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 %: --
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 12/1/21 15.82 16.77 13.90 16.30 4 -- -- -6.04
Annual 12/1/20 16.18 17.90 14.60 16.12 6 2 4 -3.26
Annual 12/1/19 16.09 16.64 15.40 16.27 7 2 4 -0.94
Quarterly 3/1/19 17.10 17.10 17.10 17.10 1 -- 1 --
Quarterly 6/1/19 16.30 16.30 16.30 16.30 1 -- 1 --
Quarterly 9/1/19 13.90 13.90 13.90 13.90 1 1 -- --
Quarterly 12/1/19 17.10 17.10 17.10 17.10 1 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 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 %: --
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 12/1/21 12,315.99 12,479.84 12,069.00 12,312.81 8 -- -- -0.28
Annual 12/1/20 11,796.35 12,046.80 11,595.00 11,780.19 17 7 7 0.25
Annual 12/1/19 11,263.84 11,321.90 11,167.00 11,268.00 17 9 7 0.14
Quarterly 3/1/19 2,815.38 2,855.27 2,762.03 2,820.28 14 4 6 0.07
Quarterly 6/1/19 2,813.07 2,845.20 2,777.00 2,813.48 14 4 6 -0.10
Quarterly 9/1/19 2,762.35 2,789.98 2,720.29 2,765.70 14 5 5 -0.18
Quarterly 12/1/19 2,875.97 2,921.90 2,837.87 2,873.02 14 5 4 0.59

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 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
Quarterly 3/1/18 2,687.52 2,747.73 -2.19

P/E Ratios

P/E Ratios Company Industry Ind. Relative
FY0 13.37 58.67 0.23
FY1 12.35 47.22 0.26
FY2 11.48 74.50 0.15

EPS Growth Rates

Growth Rates Company Industry Ind. Relative
FY1/FY0 5.22 20.49 0.87
FY2/FY1 8.22 -11.23 1.22
FY3/FY2 8.22 -11.23 1.22

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