First Call Estimates

Stock Information

Price (Prev Close): 130.61
Price - 52 Week High: 139.57
Price - 52 Week Low: 109.37
Price Date (Latest): 1/22/19
Median Price Target: 138.28
Diff from Prev Close: 7.67
% Difference: 5.87

Analyst Ratings

Mean Recommendation:

2.15

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 %: 13.63
Hist (5 Yr) Stability %: 9.88
Yield (%): 0.29

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 10.83 11.40 9.92 10.90 17 3 5 -0.18
Annual 12/1/19 10.02 10.36 9.55 10.00 19 -- 3 -0.28
Annual 12/1/18 9.49 9.65 9.38 9.48 14 -- 2 -0.11
Quarterly 12/1/18 2.34 2.48 2.21 2.35 19 -- 2 -0.50
Quarterly 3/1/19 2.64 2.83 2.48 2.65 16 -- 3 -0.24
Quarterly 6/1/19 2.57 2.77 2.42 2.58 16 1 -- 0.10
Quarterly 9/1/19 2.24 2.53 1.87 2.27 16 2 -- 0.98
Long Term Growth 11.92 14.87 5.40 13.70 5 -- -- 1.28

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 9/1/18 2.23 2.01 10.83
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

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 70.00 77.90 60.22 69.68 5 -- 2 -0.04
Annual 12/1/19 63.50 68.49 55.76 64.20 5 -- 2 -0.02
Annual 12/1/18 57.43 59.77 52.50 58.68 5 -- 1 -0.01
Quarterly 12/1/18 59.77 59.77 59.77 59.77 1 -- -- --

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 -- --

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 16.72 17.50 15.71 16.83 4 1 1 --
Annual 12/1/19 15.21 16.07 14.26 15.25 5 -- 3 --
Annual 12/1/18 13.40 14.18 12.68 13.49 5 -- -- --
Quarterly 12/1/18 3.30 3.46 3.13 3.30 2 -- 1 5.01
Quarterly 3/1/19 4.06 4.14 3.97 4.06 2 -- 1 -2.10
Quarterly 6/1/19 3.73 3.99 3.47 3.73 2 -- 1 6.97
Quarterly 9/1/19 3.25 3.42 3.08 3.25 2 -- -- 5.23

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 9/1/18 3.71 3.13 18.53
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

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 0.41 0.43 0.40 0.40 6 -- -- -0.25
Annual 12/1/19 0.40 0.41 0.40 0.40 7 -- -- -0.06
Annual 12/1/18 0.40 0.40 0.40 0.40 7 -- -- --
Quarterly 12/1/18 0.10 0.10 0.10 0.10 3 -- -- --
Quarterly 3/1/19 0.10 0.10 0.10 0.10 3 -- -- --
Quarterly 6/1/19 0.10 0.10 0.10 0.10 3 -- -- --
Quarterly 9/1/19 0.10 0.10 0.10 0.10 3 -- -- --

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 -- --

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 1,470.20 1,623.00 1,387.20 1,462.61 14 3 6 0.04
Annual 12/1/19 1,381.75 1,445.54 1,340.60 1,381.00 15 2 11 0.01
Annual 12/1/18 1,309.00 1,339.70 1,260.31 1,308.39 12 1 1 0.61
Quarterly 12/1/18 329.02 345.62 310.90 330.90 11 1 -- 0.14
Quarterly 3/1/19 362.33 371.56 352.40 362.24 9 -- -- -0.00
Quarterly 6/1/19 350.11 368.57 338.60 350.59 9 -- -- 0.17
Quarterly 9/1/19 303.17 325.20 269.12 305.13 9 -- -- 0.66

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 9/1/18 305.15 -- --
Quarterly 6/1/18 333.91 -- --
Quarterly 3/1/18 346.81 -- --
Quarterly 12/1/17 325.27 -- --

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 1,919.89 1,972.10 1,871.00 1,915.00 15 1 7 -0.36
Annual 12/1/19 1,834.35 1,868.10 1,810.00 1,829.74 18 1 13 -0.21
Annual 12/1/18 1,757.18 1,829.64 1,707.50 1,756.94 18 -- 2 -0.07
Quarterly 12/1/18 444.38 462.93 424.00 446.00 16 1 1 -0.25
Quarterly 3/1/19 475.65 489.00 451.12 475.00 13 1 7 -0.06
Quarterly 6/1/19 464.15 480.03 451.61 461.30 13 3 5 0.04
Quarterly 9/1/19 421.24 451.85 384.25 417.60 13 3 4 0.22

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 9/1/18 414.30 -- --
Quarterly 6/1/18 438.84 -- --
Quarterly 3/1/18 455.08 -- --
Quarterly 12/1/17 446.93 -- --

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 11.24 13.05 9.92 11.19 8 1 -- 0.22
Annual 12/1/19 10.08 10.37 9.55 10.08 10 -- 7 0.02
Annual 12/1/18 8.80 9.45 7.75 8.87 8 1 -- 0.01
Quarterly 12/1/18 2.31 2.48 2.21 2.28 7 1 -- 0.06
Quarterly 3/1/19 2.66 2.77 2.53 2.66 7 -- 1 -0.59
Quarterly 6/1/19 2.57 2.77 2.42 2.58 7 -- 1 -0.06
Quarterly 9/1/19 2.23 2.33 2.06 2.24 7 1 -- 0.39

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 9/1/18 1.84 -- --
Quarterly 6/1/18 2.39 -- --
Quarterly 3/1/18 2.36 -- --
Quarterly 12/1/17 2.31 -- --

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 3,498.37 3,873.50 2,748.00 3,620.67 8 2 2 -0.55
Annual 12/1/19 3,701.53 3,881.40 3,334.00 3,712.80 9 4 1 -0.10
Annual 12/1/18 3,919.65 4,035.77 3,816.50 3,930.56 9 -- 1 0.09
Quarterly 12/1/18 3,887.13 3,950.01 3,816.50 3,891.00 4 -- -- --
Quarterly 3/1/19 3,702.50 3,702.50 3,702.50 3,702.50 1 1 -- --
Quarterly 6/1/19 3,695.60 3,695.60 3,695.60 3,695.60 1 1 -- --
Quarterly 9/1/19 3,726.90 3,726.90 3,726.90 3,726.90 1 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 9/1/18 3,942.62 3,733.40 5.60
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

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 12/1/20 992.88 1,158.80 914.40 988.10 14 3 6 -0.04
Annual 12/1/19 926.43 949.98 880.30 926.00 15 1 12 -0.04
Annual 12/1/18 887.08 904.60 870.62 886.00 13 -- 1 -0.02
Quarterly 12/1/18 216.30 227.19 206.05 215.79 10 1 8 -8.98
Quarterly 3/1/19 244.76 255.90 233.30 245.00 9 -- -- --
Quarterly 6/1/19 236.07 254.31 222.70 236.28 9 -- -- --
Quarterly 9/1/19 200.88 215.36 175.45 200.03 9 -- -- --

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 9/1/18 208.81 -- --
Quarterly 6/1/18 233.32 -- --
Quarterly 3/1/18 232.15 -- --
Quarterly 12/1/17 189.64 -- --

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 16.67 19.30 14.50 16.59 6 3 1 -0.07
Annual 12/1/19 16.38 17.21 15.30 16.53 6 2 2 -0.07
Annual 12/1/18 16.88 17.30 16.30 16.93 7 -- 1 -0.03
Quarterly 12/1/18 14.95 15.00 14.90 14.95 2 -- 1 --
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 -- -- --
Quarterly 9/1/19 13.50 13.50 13.50 13.50 1 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 9/1/18 15.64 -- --
Quarterly 6/1/18 16.10 -- --
Quarterly 12/1/17 15.39 -- --

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 11,768.92 12,020.78 11,424.14 11,803.90 15 2 7 -0.04
Annual 12/1/19 11,252.04 11,478.70 10,959.58 11,256.50 17 4 10 -0.01
Annual 12/1/18 10,751.57 10,894.40 10,665.82 10,756.00 17 1 1 0.00
Quarterly 12/1/18 2,738.54 2,870.29 2,659.65 2,738.22 15 -- 1 -0.05
Quarterly 3/1/19 2,816.59 2,862.63 2,765.80 2,815.00 11 1 -- -0.12
Quarterly 6/1/19 2,819.39 2,864.71 2,780.90 2,809.30 11 1 -- -0.14
Quarterly 9/1/19 2,770.57 2,816.80 2,716.10 2,774.10 11 3 3 -0.08

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

P/E Ratios

P/E Ratios Company Industry Ind. Relative
FY0 13.03 333.30 0.04
FY1 12.06 44.20 0.27
FY2 11.26 100.00 0.11

EPS Growth Rates

Growth Rates Company Industry Ind. Relative
FY1/FY0 5.64 21.01 0.87
FY2/FY1 8.06 -12.15 1.23
FY3/FY2 8.06 -12.15 1.23

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