First Call Estimates

Stock Information

Price (Prev Close): 121.50
Price - 52 Week High: 128.14
Price - 52 Week Low: 95.37
Price Date (Latest): 4/19/18
Median Price Target: 133.00
Diff from Prev Close: 11.50
% Difference: 9.47

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 %: 13.42
Hist (5 Yr) Stability %: 9.48
Yield (%): 0.31

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 11.52 12.25 10.65 11.48 6 2 -- 2.89
Annual 12/1/19 10.40 10.85 10.03 10.42 15 2 -- 1.04
Annual 12/1/18 9.59 9.82 9.35 9.59 15 -- 1 -0.05
Quarterly 3/1/18 2.59 2.71 2.43 2.58 16 -- -- -0.10
Quarterly 6/1/18 2.47 2.57 2.27 2.48 16 -- 1 -0.17
Quarterly 9/1/18 2.02 2.35 1.86 2.00 16 1 -- 0.36
Quarterly 12/1/18 2.49 2.69 2.27 2.49 16 -- -- -0.25
Long Term Growth 9.74 16.01 5.40 10.00 5 -- -- --

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 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
Quarterly 3/1/17 2.10 2.06 1.95

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 67.60 67.88 67.32 67.60 2 -- 1 -5.02
Annual 12/1/19 61.38 62.29 60.47 61.38 2 -- 1 -3.91
Annual 12/1/18 56.35 57.08 55.62 56.35 2 -- 1 -2.05

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 17.49 17.96 17.02 17.49 2 -- -- --
Annual 12/1/19 15.70 16.39 14.69 16.01 3 -- -- --
Annual 12/1/18 14.36 14.69 14.07 14.31 3 -- -- --
Quarterly 3/1/18 3.99 3.99 3.99 3.99 1 1 -- -5.51
Quarterly 6/1/18 3.30 3.30 3.30 3.30 1 -- 1 -23.03
Quarterly 9/1/18 3.00 3.00 3.00 3.00 1 -- 1 -6.67
Quarterly 12/1/18 3.61 3.61 3.61 3.61 1 -- -- -24.93

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 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
Quarterly 3/1/17 4.96 4.47 10.89

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 0.20 0.40 -- 0.20 4 -- -- --
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 3/1/18 0.10 0.10 0.10 0.10 1 -- -- --
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 -- -- --

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 -- --
Quarterly 3/1/17 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 1,506.40 1,549.76 1,454.99 1,530.84 5 1 -- 0.07
Annual 12/1/19 1,419.22 1,456.21 1,345.44 1,429.80 11 -- 1 -0.10
Annual 12/1/18 1,341.69 1,382.36 1,298.23 1,347.88 11 -- 1 -0.10
Quarterly 3/1/18 362.25 368.30 351.92 365.05 7 -- -- --
Quarterly 6/1/18 343.17 350.35 326.90 347.70 7 -- -- --
Quarterly 9/1/18 280.48 298.80 265.95 276.59 7 -- -- --
Quarterly 12/1/18 347.08 356.52 336.70 346.00 7 -- -- --

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 12/1/17 325.27 -- --
Quarterly 9/1/17 259.46 -- --
Quarterly 6/1/17 332.85 -- --
Quarterly 3/1/17 355.18 -- --

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 2,003.16 2,044.79 1,967.00 1,987.42 5 2 -- -0.18
Annual 12/1/19 1,891.09 1,951.30 1,824.00 1,890.48 13 1 1 0.05
Annual 12/1/18 1,797.95 1,826.70 1,771.00 1,799.48 13 -- 1 -0.08
Quarterly 3/1/18 471.14 485.70 454.13 470.70 11 -- -- -0.10
Quarterly 6/1/18 460.26 469.00 445.04 462.31 11 -- -- 0.00
Quarterly 9/1/18 405.22 429.97 385.16 402.07 11 -- -- 0.19
Quarterly 12/1/18 461.16 479.97 446.00 460.80 11 -- -- -0.21

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 12/1/17 446.93 -- --
Quarterly 9/1/17 363.38 -- --
Quarterly 6/1/17 438.34 -- --
Quarterly 3/1/17 460.06 -- --

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 11.44 11.54 11.34 11.44 2 -- -- --
Annual 12/1/19 10.41 10.78 10.12 10.38 10 -- -- --
Annual 12/1/18 9.55 9.82 9.32 9.48 9 -- -- --
Quarterly 3/1/18 2.61 2.70 2.54 2.61 7 -- -- --
Quarterly 6/1/18 2.47 2.54 2.35 2.49 7 -- -- --
Quarterly 9/1/18 1.94 2.11 1.86 1.93 7 -- -- --
Quarterly 12/1/18 2.50 2.60 2.40 2.49 7 -- -- --

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 12/1/17 2.31 -- --
Quarterly 9/1/17 1.47 -- --
Quarterly 6/1/17 1.91 -- --
Quarterly 3/1/17 2.12 -- --

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 3,268.16 3,567.92 2,538.00 3,483.36 4 1 -- 4.55
Annual 12/1/19 3,500.46 3,721.48 3,077.00 3,601.69 4 1 -- 2.51
Annual 12/1/18 3,697.88 3,807.06 3,592.00 3,696.23 4 1 -- 0.70
Quarterly 3/1/18 3,728.40 3,728.40 3,728.40 3,728.40 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 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
Quarterly 3/1/17 3,835.61 3,984.80 -3.74

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 1,035.81 1,054.23 1,013.01 1,040.19 3 1 -- 0.68
Annual 12/1/19 954.59 988.75 913.31 958.58 9 1 -- -0.04
Annual 12/1/18 893.78 918.45 870.04 890.00 9 -- 1 -0.11
Quarterly 3/1/18 245.16 249.50 238.73 245.20 5 -- -- --
Quarterly 6/1/18 230.09 235.22 219.39 231.20 5 -- -- --
Quarterly 9/1/18 185.40 197.30 173.51 186.40 5 -- -- --
Quarterly 12/1/18 232.74 240.77 223.30 233.93 5 -- -- --

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 12/1/17 189.64 -- --
Quarterly 9/1/17 143.39 -- --
Quarterly 6/1/17 188.05 -- --
Quarterly 3/1/17 204.38 -- --

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 12/1/18 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 16.56 17.55 15.30 16.83 3 1 -- 2.08
Annual 12/1/19 16.52 17.28 15.70 16.59 3 1 -- 0.53
Annual 12/1/18 16.70 17.18 16.35 16.64 4 1 -- -0.48
Quarterly 3/1/18 15.70 15.70 15.70 15.70 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 -- --
Quarterly 3/1/17 17.64 -- --

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 12,165.95 12,358.83 11,785.00 12,268.00 5 1 1 0.13
Annual 12/1/19 11,538.59 11,723.60 11,253.00 11,540.00 15 1 1 -0.02
Annual 12/1/18 10,971.64 11,065.16 10,793.00 10,980.00 15 -- 1 -0.05
Quarterly 3/1/18 2,747.73 2,796.73 2,702.00 2,743.99 12 -- -- 0.01
Quarterly 6/1/18 2,741.42 2,772.95 2,709.00 2,734.48 12 -- -- -0.02
Quarterly 9/1/18 2,694.64 2,730.51 2,639.00 2,698.80 12 -- -- -0.02
Quarterly 12/1/18 2,782.28 2,830.20 2,743.00 2,781.31 12 -- -- -0.00

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 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
Quarterly 3/1/17 2,612.86 2,679.32 -2.48

P/E Ratios

P/E Ratios Company Industry Ind. Relative
FY0 12.67 73.03 0.17
FY1 11.68 93.40 0.13
FY2 10.54 80.28 0.13

EPS Growth Rates

Growth Rates Company Industry Ind. Relative
FY1/FY0 27.35 46.38 0.87
FY2/FY1 8.49 23.51 0.88
FY3/FY2 8.49 23.51 0.88

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