First Call Estimates

Stock Information

Price (Prev Close): 114.71
Price - 52 Week High: 128.14
Price - 52 Week Low: 95.37
Price Date (Latest): 7/17/18
Median Price Target: 131.19
Diff from Prev Close: 16.48
% Difference: 14.36

Analyst Ratings

Mean Recommendation:

2.06

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 %: 13.33
Hist (5 Yr) Stability %: 9.44
Yield (%): 0.33

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 11.16 11.93 10.52 11.09 7 -- 1 -0.03
Annual 12/1/19 10.28 11.05 9.81 10.27 16 -- 1 --
Annual 12/1/18 9.45 9.68 9.09 9.45 16 -- 1 0.03
Quarterly 6/1/18 2.41 2.55 2.28 2.40 16 1 -- 0.34
Quarterly 9/1/18 2.06 2.27 1.87 2.05 16 -- 1 -0.85
Quarterly 12/1/18 2.53 2.69 2.31 2.55 16 1 -- 0.49
Quarterly 3/1/19 2.63 2.81 2.44 2.59 12 1 -- 0.51
Long Term Growth 10.66 14.60 5.40 11.00 5 2 1 6.74

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 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
Quarterly 6/1/17 1.94 2.06 -5.82

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 69.80 75.14 64.46 69.80 2 -- 1 --
Annual 12/1/19 62.85 67.09 58.61 62.85 2 -- 1 --
Annual 12/1/18 56.84 59.65 54.03 56.84 2 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 -- --
Quarterly 9/1/17 50.86 -- --
Quarterly 6/1/17 54.46 -- --

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 16.62 17.60 15.63 16.62 2 -- 2 -5.27
Annual 12/1/19 13.92 15.98 10.36 14.67 4 -- -- --
Annual 12/1/18 13.85 14.44 13.14 13.97 3 -- 3 -3.66
Quarterly 6/1/18 3.29 3.29 3.29 3.29 1 -- 1 --
Quarterly 9/1/18 3.06 3.06 3.06 3.06 1 1 -- --
Quarterly 12/1/18 3.61 3.61 3.61 3.61 1 -- -- -24.93
Quarterly 3/1/19 3.46 4.30 2.62 3.46 2 -- -- --

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 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
Quarterly 6/1/17 0.52 3.71 -85.98

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 2 -- -- --
Annual 12/1/19 0.40 0.40 0.40 0.40 3 -- -- --
Annual 12/1/18 0.40 0.40 0.40 0.40 3 -- -- --
Quarterly 6/1/18 0.10 0.10 0.10 0.10 1 -- -- --
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 -- -- --

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 -- --
Quarterly 6/1/17 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 1,479.00 1,528.90 1,412.00 1,481.32 5 -- 1 --
Annual 12/1/19 1,407.36 1,456.69 1,334.00 1,423.70 11 -- 1 --
Annual 12/1/18 1,322.67 1,362.00 1,291.00 1,316.10 11 1 -- --
Quarterly 6/1/18 337.99 348.10 324.85 339.00 7 1 6 --
Quarterly 9/1/18 287.25 298.36 268.68 284.98 7 6 1 --
Quarterly 12/1/18 346.62 364.81 324.00 347.95 7 4 3 --
Quarterly 3/1/19 369.19 383.71 348.81 372.12 4 -- 2 -1.34

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 3/1/18 346.81 -- --
Quarterly 12/1/17 325.27 -- --
Quarterly 9/1/17 259.46 -- --
Quarterly 6/1/17 332.85 -- --

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 1,974.13 2,037.31 1,919.00 1,965.39 5 1 -- --
Annual 12/1/19 1,881.13 1,924.99 1,820.00 1,890.80 13 1 -- --
Annual 12/1/18 1,781.64 1,814.40 1,759.56 1,778.95 13 1 -- --
Quarterly 6/1/18 451.36 468.00 438.82 451.44 11 1 10 -1.84
Quarterly 9/1/18 407.95 441.87 385.28 404.68 11 8 3 0.81
Quarterly 12/1/18 468.05 483.41 449.80 468.00 11 7 4 1.60
Quarterly 3/1/19 480.31 493.00 466.99 480.80 8 -- 4 -2.13

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 3/1/18 455.08 -- --
Quarterly 12/1/17 446.93 -- --
Quarterly 9/1/17 363.38 -- --
Quarterly 6/1/17 438.34 -- --

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 11.01 11.12 10.90 11.01 2 -- 2 -1.89
Annual 12/1/19 10.23 10.56 9.81 10.27 10 -- -- --
Annual 12/1/18 9.36 9.52 9.18 9.36 6 -- 6 -2.07
Quarterly 6/1/18 2.41 2.47 2.35 2.40 6 -- 4 -2.55
Quarterly 9/1/18 2.00 2.09 1.87 2.01 6 4 1 2.69
Quarterly 12/1/18 2.49 2.60 2.31 2.52 6 2 3 -0.22
Quarterly 3/1/19 2.73 2.87 2.58 2.74 4 -- 1 -0.82

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 3/1/18 2.36 -- --
Quarterly 12/1/17 2.31 -- --
Quarterly 9/1/17 1.47 -- --
Quarterly 6/1/17 1.91 -- --

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 3,043.22 3,530.65 2,621.56 3,010.33 4 -- 1 --
Annual 12/1/19 3,310.98 3,621.56 3,124.84 3,248.77 4 -- 1 --
Annual 12/1/18 3,607.36 3,712.45 3,500.23 3,608.38 4 1 -- --
Quarterly 6/1/18 3,616.00 3,616.00 3,616.00 3,616.00 1 -- -- --
Quarterly 9/1/18 3,545.90 3,545.90 3,545.90 3,545.90 1 -- -- --
Quarterly 12/1/18 3,446.20 3,446.20 3,446.20 3,446.20 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 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
Quarterly 6/1/17 4,048.58 3,708.70 9.16

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 1,017.16 1,057.19 997.05 1,007.21 4 -- 1 --
Annual 12/1/19 955.45 985.84 914.22 954.45 10 1 1 -0.16
Annual 12/1/18 889.68 908.70 873.33 885.09 10 1 1 0.06
Quarterly 6/1/18 225.86 232.68 219.11 226.15 6 -- 1 --
Quarterly 9/1/18 190.55 196.58 174.62 193.95 6 4 1 0.51
Quarterly 12/1/18 239.27 252.60 226.90 238.36 6 5 -- 1.11
Quarterly 3/1/19 254.03 262.82 239.46 254.30 5 -- 2 -2.37

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 3/1/18 232.15 -- --
Quarterly 12/1/17 189.64 -- --
Quarterly 9/1/17 143.39 -- --
Quarterly 6/1/17 188.05 -- --

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 15.71 16.67 14.80 15.65 3 -- 1 --
Annual 12/1/19 15.90 16.54 15.00 16.17 3 -- 1 --
Annual 12/1/18 16.42 16.78 15.90 16.50 4 1 -- --
Quarterly 6/1/18 14.60 14.60 14.60 14.60 1 -- -- --
Quarterly 9/1/18 10.90 10.90 10.90 10.90 1 -- -- --
Quarterly 12/1/18 13.00 13.00 13.00 13.00 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 -- --
Quarterly 6/1/17 15.75 -- --

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 11,885.94 12,268.00 11,584.48 11,894.80 6 -- 1 --
Annual 12/1/19 11,429.49 11,607.00 11,122.10 11,445.79 15 -- 1 --
Annual 12/1/18 10,870.21 10,989.00 10,632.80 10,892.78 15 -- 1 --
Quarterly 6/1/18 2,720.02 2,770.00 2,654.50 2,727.90 13 1 9 -0.79
Quarterly 9/1/18 2,678.83 2,750.50 2,595.80 2,684.25 12 4 6 -0.59
Quarterly 12/1/18 2,778.72 2,867.11 2,680.30 2,779.77 12 4 6 -0.13
Quarterly 3/1/19 2,837.07 2,883.00 2,805.70 2,826.69 9 -- 6 -1.72

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 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
Quarterly 6/1/17 2,612.36 2,657.20 -1.69

P/E Ratios

P/E Ratios Company Industry Ind. Relative
FY0 12.13 49.33 0.25
FY1 11.16 -61.08 -0.18
FY2 10.28 115.79 0.09

EPS Growth Rates

Growth Rates Company Industry Ind. Relative
FY1/FY0 25.56 49.17 0.84
FY2/FY1 8.72 17.09 0.93
FY3/FY2 8.72 17.09 0.93

Copyright Thomson Reuters Corporation