First Call Estimates

Stock Information

Price (Prev Close): 142.72
Price - 52 Week High: 157.71
Price - 52 Week Low: 117.78
Price Date (Latest): 2/24/20
Median Price Target: 160.50
Diff from Prev Close: 17.78
% Difference: 12.46

Analyst Ratings

Mean Recommendation:

2.18

Sell

Strong Buy

Available Measures

Reference Information - Earnings Per Share

Last Actual (FY0): 9.53
FY0 End Date: 12/1/18
Ind. Annual Div: 0.80
Hist (5 Yr) Growth %: 9.91
Yield (%): 0.56

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 12.48 10.86 11.65 13 -- -- -0.13
Annual 12/1/20 10.75 11.21 10.31 10.76 15 -- -- -0.04
Annual 12/1/19 9.78 9.89 9.65 9.78 13 -- 1 -0.16
Quarterly 3/1/20 2.74 2.97 2.59 2.74 13 -- -- -0.41
Quarterly 6/1/20 2.82 3.01 2.60 2.82 13 -- -- 0.03
Quarterly 9/1/20 2.36 2.49 2.18 2.38 13 -- -- 0.44
Quarterly 12/1/19 2.57 2.68 2.43 2.56 15 -- -- -0.23
Long Term Growth 6.97 9.37 5.50 6.51 4 -- -- 0.00

Actuals - Earnings Per Share

Reported 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 9/1/19 1.99 2.30 -13.57
Quarterly 6/1/19 2.76 2.50 10.29
Quarterly 3/1/19 2.45 2.62 -6.44
Quarterly 12/1/18 2.37 2.34 1.32

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 73.83 81.30 67.20 73.40 4 -- -- --
Annual 12/1/20 67.49 72.38 63.87 66.85 4 -- -- --
Annual 12/1/19 61.78 63.15 59.81 62.09 4 -- -- --

Actuals - Book Value Per Share

Reported Mean Estimate Surprise % Change
Annual 12/1/18 59.00 57.43 2.73
Annual 12/1/17 58.10 50.44 15.19
Annual 12/1/16 50.55 48.62 3.98

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 18.63 20.00 17.84 18.35 4 -- -- --
Annual 12/1/20 16.79 17.54 15.53 17.10 5 -- -- --
Annual 12/1/19 15.21 15.77 15.04 15.09 5 -- -- --
Quarterly 3/1/20 4.14 4.23 4.04 4.14 2 -- -- --
Quarterly 6/1/20 4.02 4.21 3.82 4.02 2 -- -- --
Quarterly 9/1/20 3.52 3.82 3.22 3.52 2 -- -- --
Quarterly 12/1/19 4.15 4.45 3.84 4.15 2 -- -- --

Actuals - Cash Flow Per Share

Reported 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 9/1/19 4.81 3.45 39.42
Quarterly 6/1/19 2.61 3.72 -29.74
Quarterly 3/1/19 4.30 4.02 7.10
Quarterly 12/1/18 3.94 3.30 19.58

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 0.48 0.80 -- 0.45 6 -- -- -8.63
Annual 12/1/20 0.61 0.80 0.40 0.63 6 -- -- -4.31
Annual 12/1/19 0.52 0.60 0.40 0.56 6 -- -- -2.46
Quarterly 3/1/20 0.14 0.20 0.10 0.11 3 -- -- --
Quarterly 6/1/20 0.14 0.20 0.10 0.11 3 -- -- --
Quarterly 9/1/20 0.14 0.20 0.10 0.11 3 -- -- --
Quarterly 12/1/19 0.14 0.20 0.10 0.11 3 -- -- --

Actuals - Dividend Per Share

Reported Mean Estimate Surprise % Change
Annual 12/1/18 0.40 0.40 --
Annual 12/1/17 0.40 0.38 6.67
Annual 12/1/16 0.40 0.40 --
Quarterly 9/1/19 0.20 0.16 29.03
Quarterly 6/1/19 0.10 0.10 --
Quarterly 3/1/19 0.10 0.10 --
Quarterly 12/1/18 0.10 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 1,479.41 1,557.30 1,381.00 1,463.13 11 -- -- 0.17
Annual 12/1/20 1,399.13 1,472.08 1,346.40 1,388.79 12 -- -- 0.13
Annual 12/1/19 1,325.36 1,373.15 1,297.72 1,320.57 12 -- -- 0.57
Quarterly 3/1/20 359.94 366.66 348.30 361.47 8 -- -- --
Quarterly 6/1/20 363.87 380.99 331.20 365.82 8 -- -- --
Quarterly 9/1/20 313.69 336.26 294.32 307.25 8 -- -- --
Quarterly 12/1/19 346.40 389.62 324.02 342.00 9 -- -- -0.59

Actuals - EBIT

Reported Mean Estimate Surprise % Change
Annual 12/1/18 1,326.90 1,309.00 1.37
Annual 12/1/17 1,258.08 1,259.77 -0.13
Annual 12/1/16 1,276.07 1,292.34 -1.26
Quarterly 9/1/19 286.56 316.85 -9.56
Quarterly 6/1/19 356.54 341.02 4.55
Quarterly 3/1/19 353.44 359.67 -1.73
Quarterly 12/1/18 341.03 329.02 3.65

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 1,988.15 2,084.70 1,928.00 1,971.92 13 -- -- 0.05
Annual 12/1/20 1,894.93 1,957.40 1,858.00 1,880.00 15 -- -- 0.03
Annual 12/1/19 1,807.78 1,859.92 1,782.52 1,807.50 16 -- -- -0.01
Quarterly 3/1/20 480.97 503.00 443.00 481.13 14 -- -- --
Quarterly 6/1/20 489.57 510.00 459.00 491.23 14 -- -- --
Quarterly 9/1/20 432.71 469.00 345.00 434.85 14 -- -- --
Quarterly 12/1/19 468.54 513.64 446.08 465.55 15 -- -- -0.31

Actuals - EBITDA

Reported Mean Estimate Surprise % Change
Annual 12/1/18 1,761.77 1,756.72 0.29
Annual 12/1/17 1,708.71 1,687.73 1.24
Annual 12/1/16 1,698.02 1,693.08 0.29
Quarterly 9/1/19 404.41 436.66 -7.39
Quarterly 6/1/19 471.52 462.24 2.01
Quarterly 3/1/19 457.25 478.23 -4.39
Quarterly 12/1/18 453.56 444.38 2.06

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 11.81 12.48 10.86 11.88 7 -- -- 0.11
Annual 12/1/20 10.76 11.56 10.25 10.76 9 -- -- -0.35
Annual 12/1/19 9.01 9.75 8.78 8.89 7 -- -- -3.07
Quarterly 3/1/20 2.73 2.84 2.59 2.74 6 -- -- 0.09
Quarterly 6/1/20 2.76 2.91 2.60 2.81 6 -- -- -0.56
Quarterly 9/1/20 2.36 2.43 2.17 2.39 6 -- -- -0.76
Quarterly 12/1/19 2.56 2.68 2.46 2.54 7 -- -- -1.20

Actuals - GAAP Earnings Per Share

Reported Mean Estimate Surprise % Change
Annual 12/1/18 8.31 8.95 -7.19
Annual 12/1/17 7.81 7.28 7.26
Annual 12/1/16 7.14 7.15 -0.15
Quarterly 9/1/19 1.10 2.30 -52.15
Quarterly 6/1/19 2.66 2.47 7.64
Quarterly 3/1/19 2.57 2.62 -2.05
Quarterly 12/1/18 1.70 2.31 -26.36

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 3,810.33 4,820.70 2,847.00 3,815.26 5 -- -- -0.57
Annual 12/1/20 3,853.71 4,354.60 3,347.00 3,822.63 6 -- -- -0.70
Annual 12/1/19 3,967.91 4,112.26 3,846.00 3,946.50 6 -- -- -0.17
Quarterly 3/1/20 3,794.50 3,794.50 3,794.50 3,794.50 1 -- -- --
Quarterly 6/1/20 3,750.40 3,750.40 3,750.40 3,750.40 1 -- -- --
Quarterly 9/1/20 3,733.80 3,733.80 3,733.80 3,733.80 1 -- -- --
Quarterly 12/1/19 3,854.30 3,854.30 3,854.30 3,854.30 1 -- -- --

Actuals - Net Debt

Reported 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 9/1/19 3,889.47 4,088.90 -4.88
Quarterly 6/1/19 4,087.66 3,761.10 8.68
Quarterly 3/1/19 3,831.20 3,804.80 0.69
Quarterly 12/1/18 3,893.41 3,887.13 0.16

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 12/1/21 982.25 1,021.90 913.00 981.41 12 -- -- -0.03
Annual 12/1/20 929.25 965.56 888.00 924.51 14 -- -- 0.01
Annual 12/1/19 869.81 901.56 797.10 869.29 11 -- -- -0.10
Quarterly 3/1/20 238.19 249.41 226.92 238.26 9 -- -- --
Quarterly 6/1/20 242.59 253.90 224.80 244.06 9 -- -- --
Quarterly 9/1/20 205.15 217.49 190.56 206.74 9 -- -- --
Quarterly 12/1/19 224.71 234.68 215.42 225.88 10 -- -- -0.73

Actuals - Net Income

Reported Mean Estimate Surprise % Change
Annual 12/1/18 894.35 887.08 0.82
Annual 12/1/17 725.46 708.86 2.34
Annual 12/1/16 720.24 722.25 -0.28
Quarterly 9/1/19 176.26 204.30 -13.72
Quarterly 6/1/19 247.20 226.40 9.19
Quarterly 3/1/19 223.26 239.03 -6.60
Quarterly 12/1/18 220.08 216.30 1.75

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 9/1/20 -- -- -- -- -- -- -- --
Quarterly 6/1/20 -- -- -- -- -- -- -- --
Quarterly 3/1/20 -- -- -- -- -- -- -- --
Quarterly 12/1/19 -- -- -- -- -- -- -- --

Actuals - Operating Profit

Reported 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 16.24 18.20 14.00 16.21 5 -- -- --
Annual 12/1/20 16.33 17.10 15.00 16.30 5 -- -- --
Annual 12/1/19 15.92 16.22 15.76 15.90 6 -- -- --
Quarterly 3/1/20 17.00 17.00 17.00 17.00 1 -- -- --
Quarterly 6/1/20 15.80 15.80 15.80 15.80 1 -- -- --
Quarterly 9/1/20 14.20 14.20 14.20 14.20 1 -- -- --
Quarterly 12/1/19 15.30 16.40 14.20 15.30 2 -- -- --

Actuals - Return On Equity

Reported Mean Estimate Surprise % Change
Annual 12/1/18 17.23 16.88 0.35
Annual 12/1/17 15.24 14.80 0.44
Annual 12/1/16 16.40 15.34 1.06
Quarterly 9/1/19 13.08 14.70 -1.62
Quarterly 6/1/19 18.18 15.30 2.88
Quarterly 3/1/19 16.43 17.10 -0.67
Quarterly 12/1/18 16.37 15.00 1.37

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 12,392.28 12,756.84 12,117.70 12,403.05 12 -- -- -0.16
Annual 12/1/20 11,858.87 12,058.00 11,680.90 11,875.75 14 -- -- -0.09
Annual 12/1/19 11,365.42 11,412.80 11,310.17 11,369.10 14 -- -- -0.02
Quarterly 3/1/20 2,931.02 2,974.50 2,874.82 2,938.60 11 -- -- -0.09
Quarterly 6/1/20 2,972.78 3,023.76 2,932.03 2,978.89 11 -- -- -0.08
Quarterly 9/1/20 2,947.28 2,989.72 2,902.10 2,949.04 11 -- -- -0.09
Quarterly 12/1/19 2,870.70 2,930.79 2,731.00 2,881.32 14 -- -- -0.15

Actuals - Sales

Reported 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 9/1/19 2,822.45 2,772.96 1.78
Quarterly 6/1/19 2,855.17 2,805.89 1.76
Quarterly 3/1/19 2,804.39 2,815.38 -0.39
Quarterly 12/1/18 2,754.50 2,738.54 0.58

P/E Ratios

Fiscal Year FY0 FY1 FY2
Ratios 14.98 14.59 13.28

EPS Growth Rates

Fiscal YOY FY1/FY0 FY2/FY1 FY3/FY2
Growth Rate 3.08 9.86 8.64

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