First Call Estimates

Stock Information

Price (Prev Close): 133.18
Price - 52 Week High: 142.14
Price - 52 Week Low: 111.71
Price Date (Latest): 7/19/19
Median Price Target: 144.94
Diff from Prev Close: 11.76
% Difference: 8.83

Analyst Ratings

Mean Recommendation:

2.26

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 %: 9.91
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 11.63 12.36 11.13 11.62 10 -- -- --
Annual 12/1/20 10.78 11.24 10.29 10.74 17 -- -- 0.08
Annual 12/1/19 9.97 10.26 9.75 9.96 14 -- -- 0.23
Quarterly 3/1/20 2.73 2.89 2.57 2.74 14 1 -- 0.53
Quarterly 6/1/19 2.50 2.60 2.34 2.49 17 -- -- 0.21
Quarterly 9/1/19 2.29 2.52 2.07 2.28 17 -- -- 0.27
Quarterly 12/1/19 2.70 2.82 2.56 2.71 17 -- -- 0.22
Long Term Growth 7.62 9.03 6.20 7.62 3 -- -- 0.00

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 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
Quarterly 6/1/18 2.47 2.39 3.34

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 78.45 84.56 66.56 81.69 5 -- -- --
Annual 12/1/20 70.52 74.95 60.68 73.54 5 -- -- --
Annual 12/1/19 63.16 65.76 55.96 65.17 5 -- -- --
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 -- --

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 18.05 19.20 17.05 17.97 4 -- -- --
Annual 12/1/20 16.47 17.57 15.43 16.13 5 -- 1 -0.00
Annual 12/1/19 15.42 15.94 14.89 15.21 5 -- -- --
Quarterly 3/1/20 4.19 4.21 4.17 4.19 2 -- -- --
Quarterly 6/1/19 3.72 3.90 3.53 3.72 2 -- -- --
Quarterly 9/1/19 3.29 3.59 2.99 3.29 2 -- -- --
Quarterly 12/1/19 3.87 3.92 3.82 3.87 2 -- -- --

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 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
Quarterly 6/1/18 2.81 3.29 -14.59

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 0.29 0.45 -- 0.40 7 -- -- --
Annual 12/1/20 0.40 0.43 0.39 0.40 7 -- -- --
Annual 12/1/19 0.40 0.42 0.39 0.40 7 -- -- --
Quarterly 3/1/20 0.10 0.11 0.10 0.10 3 -- -- --
Quarterly 6/1/19 0.10 0.10 0.10 0.10 3 -- -- --
Quarterly 9/1/19 0.10 0.11 0.10 0.10 3 -- -- --
Quarterly 12/1/19 0.10 0.11 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 3/1/19 0.10 -- --
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 %: --
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 1,497.57 1,585.00 1,411.01 1,508.04 9 -- 1 -0.00
Annual 12/1/20 1,428.86 1,490.00 1,351.24 1,428.03 14 -- 1 -0.13
Annual 12/1/19 1,358.43 1,407.00 1,293.66 1,357.37 14 -- -- 0.05
Quarterly 3/1/20 362.86 374.40 350.39 362.67 8 -- -- --
Quarterly 6/1/19 341.02 353.40 325.50 342.56 10 -- -- 0.08
Quarterly 9/1/19 315.19 323.30 300.43 317.00 10 -- -- 0.16
Quarterly 12/1/19 362.43 377.30 342.72 362.75 10 -- -- 0.07

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 3/1/19 353.44 -- --
Quarterly 12/1/18 341.03 -- --
Quarterly 9/1/18 305.15 -- --
Quarterly 6/1/18 333.91 -- --

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 1,998.21 2,047.20 1,950.24 1,998.88 10 -- 1 -0.00
Annual 12/1/20 1,920.27 1,972.40 1,864.89 1,925.00 18 1 1 -0.21
Annual 12/1/19 1,839.63 1,877.29 1,774.83 1,842.14 18 1 2 0.10
Quarterly 3/1/20 484.45 500.00 472.00 482.41 13 1 1 -0.13
Quarterly 6/1/19 462.24 472.90 446.60 464.37 16 1 2 -0.12
Quarterly 9/1/19 435.76 449.00 415.74 436.00 16 2 -- 0.41
Quarterly 12/1/19 487.41 504.00 464.10 491.77 16 2 -- 0.40

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 3/1/19 457.25 -- --
Quarterly 12/1/18 453.56 -- --
Quarterly 9/1/18 414.30 -- --
Quarterly 6/1/18 438.84 -- --

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 11.73 12.36 11.16 11.77 5 -- -- --
Annual 12/1/20 10.86 11.24 10.29 10.89 10 -- -- 0.20
Annual 12/1/19 9.84 10.26 8.31 10.02 8 -- -- 0.10
Quarterly 3/1/20 2.76 2.85 2.58 2.78 7 -- -- --
Quarterly 6/1/19 2.47 2.58 2.34 2.48 8 -- -- 0.28
Quarterly 9/1/19 2.31 2.36 2.22 2.31 8 -- -- 0.62
Quarterly 12/1/19 2.69 2.82 2.57 2.71 8 -- -- 0.42

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 3/1/19 2.57 -- --
Quarterly 12/1/18 1.70 -- --
Quarterly 9/1/18 1.84 -- --
Quarterly 6/1/18 2.39 -- --

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 3,424.57 3,982.45 2,436.00 3,633.61 6 1 -- 1.71
Annual 12/1/20 3,538.47 4,029.56 3,005.00 3,561.01 8 1 -- 0.57
Annual 12/1/19 3,732.02 4,007.05 3,535.38 3,749.30 8 1 -- 0.18
Quarterly 3/1/20 3,464.70 3,464.70 3,464.70 3,464.70 1 -- -- --
Quarterly 6/1/19 3,761.10 3,761.10 3,761.10 3,761.10 1 -- -- --
Quarterly 9/1/19 3,705.40 3,705.40 3,705.40 3,705.40 1 -- -- --
Quarterly 12/1/19 3,461.80 3,589.60 3,334.00 3,461.80 2 -- -- -1.98

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 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
Quarterly 6/1/18 3,913.58 -- --

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 1,007.49 1,059.00 956.00 998.94 9 -- 1 -0.00
Annual 12/1/20 953.30 993.00 902.00 950.79 16 -- 1 -0.14
Annual 12/1/19 902.34 933.00 882.14 900.00 13 -- 1 0.14
Quarterly 3/1/20 243.05 256.27 229.31 243.27 8 -- -- --
Quarterly 6/1/19 226.40 235.18 214.00 225.80 11 -- -- 0.15
Quarterly 9/1/19 204.80 211.00 196.86 205.60 11 -- -- 0.17
Quarterly 12/1/19 241.20 251.19 231.00 239.74 11 -- -- 0.08

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 3/1/19 223.26 -- --
Quarterly 12/1/18 220.08 -- --
Quarterly 9/1/18 208.81 -- --
Quarterly 6/1/18 233.32 -- --

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

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 %: --
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 15.41 16.53 13.80 15.50 5 -- -- --
Annual 12/1/20 15.64 16.44 14.40 15.80 6 -- -- --
Annual 12/1/19 15.84 16.37 15.30 16.00 7 -- -- --
Quarterly 3/1/20 16.60 16.60 16.60 16.60 1 -- -- --
Quarterly 6/1/19 15.30 15.30 15.30 15.30 1 -- -- --
Quarterly 9/1/19 14.30 14.30 14.30 14.30 1 -- -- --
Quarterly 12/1/19 16.90 16.90 16.90 16.90 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 3/1/19 16.43 -- --
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 %: --
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 12,287.60 12,534.84 12,072.90 12,294.00 9 -- -- --
Annual 12/1/20 11,785.36 11,968.00 11,625.70 11,770.37 16 -- -- -0.15
Annual 12/1/19 11,260.65 11,357.56 11,193.70 11,256.00 16 -- -- -0.02
Quarterly 3/1/20 2,945.46 3,005.00 2,903.97 2,946.08 11 -- -- --
Quarterly 6/1/19 2,805.89 2,838.68 2,745.00 2,810.09 15 -- 1 -0.12
Quarterly 9/1/19 2,768.43 2,794.27 2,720.27 2,772.83 14 -- -- 0.01
Quarterly 12/1/19 2,881.02 2,926.02 2,848.50 2,877.70 14 -- -- -0.10

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 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
Quarterly 6/1/18 2,681.35 2,715.21 -1.25

P/E Ratios

Fiscal Year FY0 FY1 FY2
Ratios 13.98 13.36 12.36

EPS Growth Rates

Fiscal YOY FY1/FY0 FY2/FY1 FY3/FY2
Growth Rate 5.07 8.13 7.87

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