First Call Estimates

Stock Information

Price (Prev Close): 145.64
Price - 52 Week High: 157.71
Price - 52 Week Low: 112.79
Price Date (Latest): 8/20/19
Median Price Target: 160.59
Diff from Prev Close: 14.95
% Difference: 10.26

Analyst Ratings

Mean Recommendation:

2.22

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 (%): 0.55

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 12.10 13.28 11.38 12.05 11 8 -- 4.04
Annual 12/1/20 11.04 11.61 10.51 11.04 16 12 1 2.40
Annual 12/1/19 10.24 10.45 9.86 10.26 14 12 -- 2.71
Quarterly 3/1/20 2.77 3.03 2.58 2.75 13 7 2 1.27
Quarterly 6/1/20 2.87 3.02 2.61 2.86 12 7 1 4.24
Quarterly 9/1/19 2.31 2.40 2.18 2.31 16 8 5 0.65
Quarterly 12/1/19 2.73 2.91 2.55 2.72 16 9 4 1.18
Long Term Growth 8.67 11.66 6.20 8.14 3 -- -- 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 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
Quarterly 9/1/18 2.23 2.01 10.83

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 76.41 84.87 67.00 76.89 4 1 2 -2.60
Annual 12/1/20 69.44 74.81 63.32 69.81 4 -- 3 -1.54
Annual 12/1/19 63.13 65.76 60.50 63.12 4 -- 3 -0.05
Quarterly 12/1/19 68.49 68.49 68.49 68.49 1 -- -- --

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 19.04 20.95 17.44 18.89 4 3 -- 5.51
Annual 12/1/20 17.02 18.19 15.63 17.55 5 4 -- 3.35
Annual 12/1/19 15.45 16.01 15.03 15.18 5 2 2 0.19
Quarterly 3/1/20 4.13 4.21 4.05 4.13 2 -- 1 -1.43
Quarterly 6/1/20 4.20 4.20 4.20 4.20 1 -- -- --
Quarterly 9/1/19 3.52 3.59 3.45 3.52 2 1 -- 6.99
Quarterly 12/1/19 4.13 4.33 3.92 4.13 2 1 -- 6.59

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 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
Quarterly 9/1/18 3.71 3.13 18.53

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 3 -- 65.28
Annual 12/1/20 0.52 0.80 0.39 0.40 7 3 -- 29.43
Annual 12/1/19 0.46 0.60 0.40 0.40 7 3 -- 14.59
Quarterly 3/1/20 0.14 0.20 0.10 0.11 3 1 -- 32.26
Quarterly 6/1/20 0.14 0.20 0.10 0.11 3 1 -- 32.26
Quarterly 9/1/19 0.14 0.20 0.10 0.11 3 1 -- 32.26
Quarterly 12/1/19 0.14 0.20 0.10 0.11 3 1 -- 32.26

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 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 1,512.45 1,583.00 1,449.00 1,508.47 10 5 2 0.99
Annual 12/1/20 1,436.69 1,505.32 1,389.00 1,434.61 13 7 4 0.55
Annual 12/1/19 1,370.71 1,400.00 1,331.76 1,366.71 12 8 2 0.90
Quarterly 3/1/20 362.22 374.40 351.69 358.21 8 3 3 -0.17
Quarterly 6/1/20 371.17 387.45 348.34 371.50 7 3 2 1.47
Quarterly 9/1/19 316.28 325.65 305.60 317.67 10 5 3 0.35
Quarterly 12/1/19 363.84 379.13 342.72 364.43 10 6 2 0.39

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 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
Quarterly 9/1/18 305.15 286.74 6.42

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 2,014.45 2,044.73 1,975.00 2,008.66 11 4 1 0.81
Annual 12/1/20 1,932.33 1,980.00 1,874.00 1,930.47 17 8 3 0.63
Annual 12/1/19 1,855.90 1,881.80 1,814.24 1,857.00 17 10 1 0.88
Quarterly 3/1/20 483.60 496.32 472.00 482.00 13 4 5 -0.18
Quarterly 6/1/20 492.04 511.07 470.95 493.01 12 7 2 1.59
Quarterly 9/1/19 436.58 449.82 427.00 435.75 16 7 5 0.19
Quarterly 12/1/19 489.06 513.30 464.10 490.45 16 8 4 0.34

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 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
Quarterly 9/1/18 414.30 401.95 3.07

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 12.07 13.27 11.49 11.90 7 4 -- 2.91
Annual 12/1/20 11.02 11.61 10.57 11.03 11 8 -- 1.55
Annual 12/1/19 9.99 10.32 8.31 10.26 9 4 1 1.48
Quarterly 3/1/20 2.76 2.85 2.58 2.77 8 1 1 -0.23
Quarterly 6/1/20 2.89 3.02 2.81 2.85 7 3 -- 3.47
Quarterly 9/1/19 2.30 2.39 2.18 2.31 9 3 3 -0.47
Quarterly 12/1/19 2.69 2.80 2.55 2.68 9 4 2 -0.21

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 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
Quarterly 9/1/18 1.84 2.03 -9.18

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 3,880.46 5,102.30 2,613.00 3,952.62 5 4 -- 13.31
Annual 12/1/20 3,938.80 4,646.80 3,198.00 3,835.00 7 6 -- 11.31
Annual 12/1/19 4,013.87 4,210.27 3,761.00 4,033.00 7 6 -- 7.55
Quarterly 3/1/20 3,970.20 3,970.20 3,970.20 3,970.20 1 1 -- 14.59
Quarterly 6/1/20 3,912.30 3,912.30 3,912.30 3,912.30 1 1 -- 16.42
Quarterly 9/1/19 4,088.90 4,088.90 4,088.90 4,088.90 1 1 -- 10.35
Quarterly 12/1/19 3,683.50 4,033.00 3,334.00 3,683.50 2 1 -- 6.40

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 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
Quarterly 9/1/18 3,942.62 3,733.40 5.60

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 1,010.84 1,066.00 967.00 1,008.12 10 5 1 0.33
Annual 12/1/20 955.12 1,000.00 911.00 954.31 15 9 4 0.19
Annual 12/1/19 912.64 937.00 886.00 913.46 12 8 2 1.14
Quarterly 3/1/20 240.09 256.27 226.27 240.25 8 1 5 -1.22
Quarterly 6/1/20 248.38 258.85 230.36 251.90 7 4 1 1.33
Quarterly 9/1/19 203.65 212.00 192.64 204.52 11 5 3 -0.56
Quarterly 12/1/19 240.15 260.25 223.55 241.40 11 3 4 -0.44

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 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
Quarterly 9/1/18 208.81 186.05 12.23

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

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 16.52 19.50 14.20 16.18 4 -- -- 7.20
Annual 12/1/20 16.39 18.00 14.90 16.60 5 -- -- 4.79
Annual 12/1/19 16.33 16.90 15.62 16.38 6 -- -- 3.11
Quarterly 3/1/20 17.00 17.00 17.00 17.00 1 -- -- 2.41
Quarterly 6/1/20 16.70 16.70 16.70 16.70 1 -- -- 7.74
Quarterly 9/1/19 14.70 14.90 14.50 14.70 2 -- -- 2.80
Quarterly 12/1/19 15.85 17.50 14.20 15.85 2 -- -- -6.21

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 3/1/19 16.43 17.10 -0.67
Quarterly 12/1/18 16.37 15.00 1.37
Quarterly 9/1/18 15.64 14.15 1.49

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 12,361.73 12,606.94 12,118.60 12,330.67 10 6 -- 0.60
Annual 12/1/20 11,811.79 12,011.49 11,571.36 11,802.00 15 10 3 0.22
Annual 12/1/19 11,309.06 11,403.63 11,249.26 11,314.10 15 12 1 0.43
Quarterly 3/1/20 2,940.80 2,978.30 2,903.97 2,946.08 11 3 5 -0.16
Quarterly 6/1/20 2,967.55 3,005.14 2,889.00 2,968.70 10 5 2 0.67
Quarterly 9/1/19 2,773.77 2,814.95 2,715.66 2,774.84 15 6 6 0.19
Quarterly 12/1/19 2,877.82 2,929.13 2,844.50 2,874.02 14 5 7 -0.11

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 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
Quarterly 9/1/18 2,648.91 2,662.00 -0.49

P/E Ratios

Fiscal Year FY0 FY1 FY2
Ratios 15.28 14.22 13.19

EPS Growth Rates

Fiscal YOY FY1/FY0 FY2/FY1 FY3/FY2
Growth Rate 7.91 7.79 9.60

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