First Call Estimates

Stock Information

Price (Prev Close): 146.30
Price - 52 Week High: 157.71
Price - 52 Week Low: 112.79
Price Date (Latest): 10/17/19
Median Price Target: 161.19
Diff from Prev Close: 14.89
% Difference: 10.18

Analyst Ratings

Mean Recommendation:

2.24

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 12.13 13.28 11.38 12.08 11 -- -- 0.24
Annual 12/1/20 11.06 11.61 10.51 11.05 15 -- -- 0.24
Annual 12/1/19 10.27 10.45 9.94 10.26 13 -- -- 0.29
Quarterly 3/1/20 2.76 3.03 2.58 2.75 12 -- -- -0.26
Quarterly 6/1/20 2.85 3.02 2.61 2.86 12 -- -- 0.06
Quarterly 9/1/19 2.31 2.39 2.18 2.32 15 -- 1 0.08
Quarterly 12/1/19 2.74 2.91 2.55 2.72 15 1 -- 0.41
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 74.65 84.87 67.00 72.09 3 -- -- -2.30
Annual 12/1/20 68.07 74.81 63.32 66.08 3 -- -- -1.97
Annual 12/1/19 62.25 65.04 60.50 61.21 3 -- -- -1.39
Quarterly 12/1/19 -- -- -- -- -- -- -- --

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 19.57 20.95 18.84 18.93 3 -- -- 2.80
Annual 12/1/20 17.24 18.19 15.63 17.57 4 -- -- 1.30
Annual 12/1/19 15.52 16.01 15.03 15.51 4 -- -- 0.43
Quarterly 3/1/20 4.05 4.05 4.05 4.05 1 -- -- -1.94
Quarterly 6/1/20 3.88 3.88 3.88 3.88 1 -- -- -3.96
Quarterly 9/1/19 3.45 3.45 3.45 3.45 1 -- -- -1.99
Quarterly 12/1/19 4.33 4.33 4.33 4.33 1 -- -- 4.97

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 0.50 0.80 -- 0.50 5 -- -- 3.39
Annual 12/1/20 0.54 0.80 0.39 0.43 6 -- -- 3.88
Annual 12/1/19 0.47 0.60 0.40 0.41 6 -- -- 2.17
Quarterly 3/1/20 0.16 0.20 0.11 0.16 2 -- -- 13.41
Quarterly 6/1/20 0.16 0.20 0.11 0.16 2 -- -- 13.41
Quarterly 9/1/19 0.16 0.20 0.11 0.16 2 -- -- 13.41
Quarterly 12/1/19 0.16 0.20 0.11 0.16 2 -- -- 13.41

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 1,517.58 1,583.00 1,449.00 1,508.91 10 -- -- 0.34
Annual 12/1/20 1,439.08 1,505.32 1,389.00 1,435.20 12 -- 1 0.17
Annual 12/1/19 1,374.08 1,400.00 1,359.43 1,367.42 11 -- 1 0.25
Quarterly 3/1/20 359.28 369.31 351.69 357.70 7 -- 1 -0.81
Quarterly 6/1/20 369.50 387.45 348.34 371.50 7 -- 1 -0.10
Quarterly 9/1/19 317.95 325.65 305.60 319.03 9 1 -- 0.53
Quarterly 12/1/19 365.04 379.13 354.01 365.60 9 -- 1 0.33

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 2,021.37 2,084.80 1,975.00 2,026.40 11 -- -- 0.34
Annual 12/1/20 1,935.62 1,980.00 1,897.09 1,932.73 16 1 -- 0.14
Annual 12/1/19 1,858.19 1,881.80 1,843.10 1,858.50 16 1 -- 0.15
Quarterly 3/1/20 482.00 496.00 472.00 481.66 12 -- 1 -0.33
Quarterly 6/1/20 491.71 511.07 470.95 492.06 12 1 -- -0.02
Quarterly 9/1/19 437.33 449.82 427.00 436.50 15 1 -- 0.24
Quarterly 12/1/19 489.91 513.30 474.15 488.00 15 -- 1 0.23

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 12.12 13.27 11.49 12.05 7 -- -- 0.37
Annual 12/1/20 11.06 11.61 10.57 11.04 10 -- -- 0.35
Annual 12/1/19 10.00 10.36 8.31 10.27 8 1 -- 0.13
Quarterly 3/1/20 2.73 2.82 2.58 2.75 6 -- 1 -0.79
Quarterly 6/1/20 2.87 3.02 2.63 2.86 6 -- -- 0.31
Quarterly 9/1/19 2.31 2.39 2.18 2.33 8 1 -- 0.58
Quarterly 12/1/19 2.69 2.80 2.55 2.70 8 -- 1 0.26

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 3,927.68 5,102.30 2,613.00 3,997.71 4 -- -- 1.22
Annual 12/1/20 3,962.50 4,646.80 3,198.00 3,958.25 6 -- -- 0.60
Annual 12/1/19 4,040.92 4,210.27 3,761.00 4,065.69 6 -- -- 0.67
Quarterly 3/1/20 3,970.20 3,970.20 3,970.20 3,970.20 1 -- -- --
Quarterly 6/1/20 3,912.30 3,912.30 3,912.30 3,912.30 1 -- -- --
Quarterly 9/1/19 4,088.90 4,088.90 4,088.90 4,088.90 1 -- -- --
Quarterly 12/1/19 4,033.00 4,033.00 4,033.00 4,033.00 1 -- -- 9.49

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 1,010.44 1,066.00 967.00 1,008.12 10 -- -- -0.04
Annual 12/1/20 955.59 1,000.00 911.00 954.66 14 1 -- 0.05
Annual 12/1/19 916.70 937.00 886.00 919.10 11 1 -- 0.45
Quarterly 3/1/20 237.20 243.00 226.27 239.10 7 -- 1 -1.20
Quarterly 6/1/20 245.28 258.85 230.36 248.90 7 1 -- -0.38
Quarterly 9/1/19 204.30 213.10 192.64 204.21 10 1 -- 0.31
Quarterly 12/1/19 240.48 260.25 223.55 241.35 10 -- 1 0.14

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 16.97 19.50 14.20 17.20 3 -- -- 2.73
Annual 12/1/20 16.67 18.00 14.90 16.89 4 -- -- 1.71
Annual 12/1/19 16.44 16.90 15.62 16.76 5 -- -- 0.64
Quarterly 3/1/20 17.00 17.00 17.00 17.00 1 -- -- --
Quarterly 6/1/20 16.70 16.70 16.70 16.70 1 -- -- --
Quarterly 9/1/19 14.70 14.90 14.50 14.70 2 -- -- --
Quarterly 12/1/19 15.85 17.50 14.20 15.85 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 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
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 12,365.08 12,606.94 12,118.60 12,330.67 10 -- -- 0.03
Annual 12/1/20 11,809.57 12,011.49 11,571.36 11,798.94 14 -- -- -0.02
Annual 12/1/19 11,311.39 11,403.63 11,249.26 11,314.55 14 -- -- 0.02
Quarterly 3/1/20 2,940.28 2,978.30 2,903.97 2,938.77 10 -- -- -0.02
Quarterly 6/1/20 2,973.42 3,015.32 2,889.00 2,981.40 10 -- -- 0.05
Quarterly 9/1/19 2,773.70 2,814.95 2,715.66 2,777.50 14 -- -- 0.00
Quarterly 12/1/19 2,877.51 2,929.13 2,844.50 2,874.00 13 -- -- -0.01

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 15.35 14.25 13.22

EPS Growth Rates

Fiscal YOY FY1/FY0 FY2/FY1 FY3/FY2
Growth Rate 8.22 7.75 9.60

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