First Call Estimates

Stock Information

Price (Prev Close): 125.86
Price - 52 Week High: 130.25
Price - 52 Week Low: 95.37
Price Date (Latest): 9/17/18
Median Price Target: 133.88
Diff from Prev Close: 8.02
% Difference: 6.37

Analyst Ratings

Mean Recommendation:

2.22

Sell

Strong Buy

Available Measures

Reference Information - Earnings Per Share

Last Actual (FY0): 7.53
FY0 End Date: 12/1/17
Ind. Annual Div: 0.38
Hist (5 Yr) Growth %: 14.05
Hist (5 Yr) Stability %: 9.60
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 12/1/20 10.91 11.05 10.77 10.90 9 1 2 0.31
Annual 12/1/19 10.27 10.56 9.78 10.28 16 1 2 -0.12
Annual 12/1/18 9.51 9.64 9.40 9.49 12 1 2 -0.02
Quarterly 9/1/18 2.02 2.13 1.86 2.03 16 1 2 -0.11
Quarterly 12/1/18 2.54 2.73 2.37 2.56 16 6 7 1.02
Quarterly 3/1/19 2.68 2.90 2.45 2.71 12 -- 3 -0.24
Quarterly 6/1/19 2.59 2.75 2.43 2.60 12 2 1 0.19
Long Term Growth 10.93 14.60 5.40 11.85 4 -- -- --

Actuals - Earnings Per Share

Reported EPS Mean Estimate Surprise % Change
Annual 12/1/17 7.53 7.38 2.00
Annual 12/1/16 7.32 7.34 -0.24
Annual 12/1/15 6.87 6.88 -0.18
Quarterly 6/1/18 2.47 2.39 3.34
Quarterly 3/1/18 2.45 2.59 -5.24
Quarterly 12/1/17 2.00 1.84 8.80
Quarterly 9/1/17 1.49 1.68 -11.31

Reference Information - Book Value Per Share

Last Actual (FY0): 58.10
FY0 End Date: 12/1/17
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 12/1/20 65.90 68.93 62.86 65.90 2 -- 2 -0.10
Annual 12/1/19 60.32 63.10 57.54 60.32 2 -- 2 -0.22
Annual 12/1/18 55.44 57.54 53.35 55.44 2 -- 2 -0.07

Actuals - Book Value Per Share

Reported EPS Mean Estimate Surprise % Change
Annual 12/1/17 58.10 -- --
Annual 12/1/16 50.55 -- --
Annual 12/1/15 43.23 -- --
Quarterly 12/1/17 58.10 -- --
Quarterly 9/1/17 50.86 -- --

Reference Information - Cash Flow Per Share

Last Actual (FY0): 12.28
FY0 End Date: 12/1/17
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 12/1/20 16.56 17.48 15.63 16.56 2 -- 1 --
Annual 12/1/19 15.05 16.02 14.52 14.60 3 1 1 0.09
Annual 12/1/18 13.42 13.72 13.14 13.39 3 -- 2 -1.79
Quarterly 9/1/18 3.13 3.13 3.13 3.13 1 1 -- --
Quarterly 12/1/18 3.45 3.45 3.45 3.45 1 -- 1 --
Quarterly 3/1/19 4.23 4.23 4.23 4.23 1 -- 1 --
Quarterly 6/1/19 3.51 3.51 3.51 3.51 1 -- -- --

Actuals - Cash Flow Per Share

Reported EPS Mean Estimate Surprise % Change
Annual 12/1/17 12.28 11.78 4.26
Annual 12/1/16 13.10 12.89 1.61
Annual 12/1/15 10.14 10.82 -6.27
Quarterly 6/1/18 2.81 3.29 -14.59
Quarterly 3/1/18 3.84 3.99 -3.76
Quarterly 12/1/17 3.21 3.52 -8.81
Quarterly 9/1/17 3.59 2.90 23.79

Reference Information - Dividend Per Share

Last Actual (FY0): 0.40
FY0 End Date: 12/1/17
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 12/1/20 0.40 0.40 0.40 0.40 3 -- -- --
Annual 12/1/19 0.40 0.40 0.40 0.40 4 -- -- --
Annual 12/1/18 0.40 0.40 0.40 0.40 4 -- -- --
Quarterly 9/1/18 0.10 0.10 0.10 0.10 1 -- -- --
Quarterly 12/1/18 0.10 0.10 0.10 0.10 1 -- -- --
Quarterly 3/1/19 0.10 0.10 0.10 0.10 1 -- -- --
Quarterly 6/1/19 0.10 0.10 0.10 0.10 1 -- -- --

Actuals - Dividend Per Share

Reported EPS Mean Estimate Surprise % Change
Annual 12/1/17 0.40 -- --
Annual 12/1/16 0.40 -- --
Annual 12/1/15 0.40 -- --
Quarterly 12/1/17 0.10 -- --
Quarterly 9/1/17 0.10 -- --

Reference Information - EBIT

Last Actual (FY0): 1,258.08
FY0 End Date: 12/1/17
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 12/1/20 1,464.64 1,530.75 1,371.89 1,479.90 8 1 1 -0.06
Annual 12/1/19 1,407.50 1,467.84 1,339.00 1,411.25 13 1 1 -0.10
Annual 12/1/18 1,317.90 1,351.00 1,239.87 1,315.60 13 1 1 0.00
Quarterly 9/1/18 289.20 301.90 275.00 291.00 9 4 2 -0.11
Quarterly 12/1/18 351.51 364.81 333.90 355.40 9 4 2 1.60
Quarterly 3/1/19 372.58 383.71 363.35 371.30 5 2 1 --
Quarterly 6/1/19 355.94 363.92 352.60 354.40 5 1 1 --

Actuals - EBIT

Reported EPS Mean Estimate Surprise % Change
Annual 12/1/17 1,258.08 -- --
Annual 12/1/16 1,276.07 -- --
Annual 12/1/15 1,243.58 -- --
Quarterly 6/1/18 333.91 -- --
Quarterly 3/1/18 346.81 -- --
Quarterly 12/1/17 325.27 -- --
Quarterly 9/1/17 259.46 -- --

Reference Information - EBITDA

Last Actual (FY0): 1,708.71
FY0 End Date: 12/1/17
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 12/1/20 1,940.29 1,984.34 1,870.39 1,941.94 8 1 1 -0.07
Annual 12/1/19 1,873.74 1,931.30 1,825.00 1,870.57 15 -- 2 -0.12
Annual 12/1/18 1,770.40 1,811.00 1,710.34 1,764.22 15 -- 2 -0.06
Quarterly 9/1/18 404.02 426.70 388.00 401.87 13 3 5 -1.03
Quarterly 12/1/18 470.25 497.25 449.80 471.00 13 6 2 1.07
Quarterly 3/1/19 482.23 490.72 463.11 484.50 8 4 2 1.41
Quarterly 6/1/19 471.05 488.38 449.00 469.92 8 3 2 0.06

Actuals - EBITDA

Reported EPS Mean Estimate Surprise % Change
Annual 12/1/17 1,708.71 -- --
Annual 12/1/16 1,698.02 -- --
Annual 12/1/15 1,658.01 -- --
Quarterly 6/1/18 438.84 -- --
Quarterly 3/1/18 455.08 -- --
Quarterly 12/1/17 446.93 -- --
Quarterly 9/1/17 363.38 -- --

Reference Information - GAAP Earnings Per Share

Last Actual (FY0): 7.81
FY0 End Date: 12/1/17
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 12/1/20 10.98 11.05 10.90 10.98 2 -- 1 --
Annual 12/1/19 10.30 10.56 9.81 10.35 9 1 -- 0.06
Annual 12/1/18 9.16 9.49 7.75 9.38 7 2 -- 0.27
Quarterly 9/1/18 2.03 2.11 1.92 2.04 6 3 1 0.41
Quarterly 12/1/18 2.51 2.60 2.31 2.56 6 2 1 0.87
Quarterly 3/1/19 2.74 2.76 2.70 2.74 4 -- -- --
Quarterly 6/1/19 2.60 2.62 2.58 2.60 4 -- -- --

Actuals - GAAP Earnings Per Share

Reported EPS Mean Estimate Surprise % Change
Annual 12/1/17 7.81 -- --
Annual 12/1/16 7.14 -- --
Annual 12/1/15 6.76 -- --
Quarterly 6/1/18 2.39 -- --
Quarterly 3/1/18 2.36 -- --
Quarterly 12/1/17 2.31 -- --
Quarterly 9/1/17 1.47 -- --

Reference Information - Net Debt

Last Actual (FY0): 3,965.59
FY0 End Date: 12/1/17
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 12/1/20 3,448.38 3,768.03 2,980.00 3,522.75 4 2 -- 0.22
Annual 12/1/19 3,594.68 3,782.35 3,416.00 3,556.15 5 2 -- 0.15
Annual 12/1/18 3,771.15 3,830.73 3,670.20 3,812.00 5 2 -- 0.05
Quarterly 9/1/18 3,827.80 3,827.80 3,827.80 3,827.80 1 -- -- --
Quarterly 12/1/18 3,670.20 3,670.20 3,670.20 3,670.20 1 -- -- --
Quarterly 3/1/19 3,551.00 3,551.00 3,551.00 3,551.00 1 -- -- --
Quarterly 6/1/19 3,537.40 3,537.40 3,537.40 3,537.40 1 -- -- --

Actuals - Net Debt

Reported EPS Mean Estimate Surprise % Change
Annual 12/1/17 3,965.59 3,871.12 2.44
Annual 12/1/16 4,102.38 3,627.71 13.08
Annual 12/1/15 3,388.80 3,099.60 9.33
Quarterly 6/1/18 3,913.58 3,616.00 8.23
Quarterly 3/1/18 3,848.28 3,728.40 3.22
Quarterly 12/1/17 3,965.59 3,878.40 2.25
Quarterly 9/1/17 3,974.73 3,709.90 7.14

Reference Information - Net Income

Last Actual (FY0): 725.46
FY0 End Date: 12/1/17
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 12/1/20 986.33 1,020.60 945.37 994.15 8 1 2 -0.20
Annual 12/1/19 946.67 984.80 893.00 947.20 13 -- 3 -0.30
Annual 12/1/18 887.43 908.70 865.96 890.00 12 -- 3 -0.05
Quarterly 9/1/18 188.07 196.58 177.00 186.72 9 3 3 -1.55
Quarterly 12/1/18 236.18 247.29 221.00 236.87 9 2 4 0.46
Quarterly 3/1/19 254.80 262.82 249.71 253.80 6 3 1 0.10
Quarterly 6/1/19 241.82 247.26 238.80 241.59 6 2 1 0.86

Actuals - Net Income

Reported EPS Mean Estimate Surprise % Change
Annual 12/1/17 725.46 -- --
Annual 12/1/16 720.24 -- --
Annual 12/1/15 692.05 -- --
Quarterly 6/1/18 233.32 -- --
Quarterly 3/1/18 232.15 -- --
Quarterly 12/1/17 189.64 -- --
Quarterly 9/1/17 143.39 -- --

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 -- -- --
Annual 12/1/18 30.00 30.00 30.00 30.00 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): 15.24
FY0 End Date: 12/1/17
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 12/1/20 16.00 17.29 14.90 15.90 4 2 -- 2.17
Annual 12/1/19 16.30 17.16 15.20 16.42 4 1 1 0.79
Annual 12/1/18 16.72 17.16 16.10 16.80 5 1 1 0.28
Quarterly 9/1/18 14.15 15.20 13.10 14.15 2 -- -- 7.42
Quarterly 12/1/18 15.95 17.00 14.90 15.95 2 -- -- -6.58
Quarterly 3/1/19 17.20 17.20 17.20 17.20 1 -- -- --
Quarterly 6/1/19 16.40 16.40 16.40 16.40 1 -- -- --

Actuals - Return On Equity

Reported EPS Mean Estimate Surprise % Change
Annual 12/1/17 15.24 -- --
Annual 12/1/16 16.40 -- --
Annual 12/1/15 17.33 -- --
Quarterly 12/1/17 15.39 -- --
Quarterly 9/1/17 13.09 -- --

Reference Information - Sales

Last Actual (FY0): 10,409.87
FY0 End Date: 12/1/17
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 12/1/20 11,821.67 12,008.39 11,576.00 11,808.27 8 1 2 0.23
Annual 12/1/19 11,339.46 11,588.90 11,095.50 11,376.67 15 1 2 -0.07
Annual 12/1/18 10,811.91 10,946.00 10,601.30 10,813.32 16 1 12 -0.51
Quarterly 9/1/18 2,665.61 2,750.50 2,557.80 2,672.76 13 2 5 -0.49
Quarterly 12/1/18 2,761.48 2,852.82 2,643.40 2,772.08 12 4 4 -0.53
Quarterly 3/1/19 2,835.73 2,873.99 2,809.70 2,830.02 8 4 1 -0.02
Quarterly 6/1/19 2,828.50 2,880.74 2,785.20 2,825.33 8 2 3 -0.31

Actuals - Sales

Reported EPS Mean Estimate Surprise % Change
Annual 12/1/17 10,409.87 10,400.13 0.09
Annual 12/1/16 9,766.21 9,820.75 -0.56
Annual 12/1/15 9,043.45 9,054.40 -0.12
Quarterly 6/1/18 2,681.35 2,715.21 -1.25
Quarterly 3/1/18 2,687.52 2,747.73 -2.19
Quarterly 12/1/17 2,642.79 2,633.72 0.34
Quarterly 9/1/17 2,541.86 2,603.77 -2.38

P/E Ratios

P/E Ratios Company Industry Ind. Relative
FY0 13.24 34.59 0.38
FY1 12.26 63.37 0.19
FY2 11.54 122.14 0.09

EPS Growth Rates

Growth Rates Company Industry Ind. Relative
FY1/FY0 26.29 49.37 0.85
FY2/FY1 7.95 15.67 0.93
FY3/FY2 7.95 15.67 0.93

Copyright Thomson Reuters Corporation