First Call Estimates

Stock Information

Price (Prev Close): 104.03
Price - 52 Week High: 157.71
Price - 52 Week Low: 65.73
Price Date (Latest): 6/3/20
Median Price Target: 126.60
Diff from Prev Close: 22.57
% Difference: 21.70

Analyst Ratings

Mean Recommendation:

2.29

Sell

Strong Buy

Available Measures

Reference Information - Earnings Per Share

Last Actual (FY0): 9.99
FY0 End Date: 12/1/19
Ind. Annual Div: --
Hist (5 Yr) Growth %: 10.98
Yield (%): --

Analyst Forecasts - Earnings Per Share

Last Month Revisions
Last Month Revisions
Fiscal Period Mean High Low Median # of Estimates # Up # Down Mean % Change
Annual 12/1/22 11.54 16.52 10.12 10.82 7 -- 1 -2.50
Annual 12/1/21 10.21 12.17 8.70 9.93 14 -- 1 -1.52
Annual 12/1/20 7.07 10.70 4.11 7.13 13 1 -- 0.05
Quarterly 3/1/21 2.51 2.96 1.92 2.47 11 -- 1 -2.34
Quarterly 6/1/20 0.83 2.92 -0.26 0.75 15 1 -- 1.79
Quarterly 9/1/20 1.62 2.97 -0.02 1.45 15 -- 1 -0.43
Quarterly 12/1/20 2.58 3.36 1.57 2.75 15 -- 1 -0.17
Long Term Growth 11.35 23.11 4.25 6.70 3 -- -- 0.00

Actuals - Earnings Per Share

Reported Mean Estimate Surprise % Change
Annual 12/1/19 9.99 9.78 2.14
Annual 12/1/18 9.53 9.49 0.43
Annual 12/1/17 7.53 7.38 2.00
Quarterly 3/1/20 1.73 2.55 -32.18
Quarterly 12/1/19 2.79 2.57 8.68
Quarterly 9/1/19 1.99 2.30 -13.57
Quarterly 6/1/19 2.76 2.50 10.29

Reference Information - Book Value Per Share

Last Actual (FY0): 63.48
FY0 End Date: 12/1/19
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 12/1/22 79.64 85.95 76.44 78.08 4 -- 1 -0.28
Annual 12/1/21 72.75 75.29 69.20 73.25 4 -- 1 -0.19
Annual 12/1/20 67.01 69.28 65.36 66.71 4 1 -- 0.02

Actuals - Book Value Per Share

Reported Mean Estimate Surprise % Change
Annual 12/1/19 63.48 61.78 2.74
Annual 12/1/18 59.00 57.43 2.73
Annual 12/1/17 58.10 50.44 15.19

Reference Information - Cash Flow Per Share

Last Actual (FY0): 16.16
FY0 End Date: 12/1/19
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 12/1/22 19.68 24.38 16.59 18.87 4 -- 1 -0.41
Annual 12/1/21 17.54 19.98 15.44 17.97 5 -- 1 -0.69
Annual 12/1/20 13.05 17.26 8.87 13.01 5 1 -- 0.23
Quarterly 3/1/21 5.04 6.68 3.40 5.04 2 -- -- --
Quarterly 6/1/20 1.73 2.31 1.14 1.73 2 -- -- --
Quarterly 9/1/20 3.60 5.02 2.17 3.60 2 -- -- --
Quarterly 12/1/20 3.94 4.82 3.05 3.94 2 -- -- --

Actuals - Cash Flow Per Share

Reported Mean Estimate Surprise % Change
Annual 12/1/19 16.16 15.21 6.22
Annual 12/1/18 14.30 13.40 6.73
Annual 12/1/17 12.28 11.78 4.26
Quarterly 3/1/20 5.81 4.50 29.25
Quarterly 12/1/19 4.44 4.15 7.12
Quarterly 9/1/19 4.81 3.45 39.42
Quarterly 6/1/19 2.61 3.72 -29.74

Reference Information - Dividend Per Share

Last Actual (FY0): 0.60
FY0 End Date: 12/1/19
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 12/1/22 0.58 0.92 -- 0.80 5 -- -- --
Annual 12/1/21 0.52 0.84 -- 0.80 7 -- -- --
Annual 12/1/20 0.42 0.83 0.10 0.30 6 -- -- --
Quarterly 3/1/21 0.13 0.20 -- 0.20 3 -- -- --
Quarterly 6/1/20 -- -- -- -- 3 -- -- 0.00
Quarterly 9/1/20 -- -- -- -- 3 -- -- 0.00
Quarterly 12/1/20 -- -- -- -- 3 -- -- 0.00

Actuals - Dividend Per Share

Reported Mean Estimate Surprise % Change
Annual 12/1/19 0.60 0.52 15.76
Annual 12/1/18 0.40 0.40 --
Annual 12/1/17 0.40 0.38 6.67
Quarterly 12/1/19 0.20 0.14 46.34
Quarterly 9/1/19 0.20 0.16 29.03
Quarterly 6/1/19 0.10 0.10 --

Reference Information - EBIT

Last Actual (FY0): 1,313.54
FY0 End Date: 12/1/19
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 12/1/22 1,443.74 1,843.30 1,265.63 1,377.35 6 -- 1 -0.40
Annual 12/1/21 1,285.70 1,401.30 1,144.90 1,251.99 11 -- 1 -0.48
Annual 12/1/20 919.26 1,177.54 631.00 892.18 11 1 -- 0.05
Quarterly 3/1/21 316.22 366.80 250.82 313.61 7 -- -- --
Quarterly 6/1/20 110.82 164.53 14.60 124.30 9 -- -- --
Quarterly 9/1/20 204.17 369.65 37.00 201.47 9 -- -- --
Quarterly 12/1/20 322.81 409.93 210.35 363.80 9 -- -- --

Actuals - EBIT

Reported Mean Estimate Surprise % Change
Annual 12/1/19 1,313.54 1,325.36 -0.89
Annual 12/1/18 1,326.90 1,309.00 1.37
Annual 12/1/17 1,258.08 1,259.77 -0.13
Quarterly 12/1/19 340.98 346.40 -1.56
Quarterly 9/1/19 286.56 316.85 -9.56
Quarterly 6/1/19 356.54 341.02 4.55

Reference Information - EBITDA

Last Actual (FY0): 1,802.22
FY0 End Date: 12/1/19
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 12/1/22 2,002.99 2,360.50 1,780.22 1,965.00 7 -- 1 -0.25
Annual 12/1/21 1,817.94 2,000.50 1,635.72 1,815.42 16 -- 2 -0.67
Annual 12/1/20 1,413.16 1,675.12 1,171.00 1,383.01 15 1 1 -2.84
Quarterly 3/1/21 437.79 491.89 341.00 448.65 10 -- 1 -0.39
Quarterly 6/1/20 237.57 285.88 138.60 251.44 12 1 -- 0.87
Quarterly 9/1/20 332.18 494.04 176.00 321.82 12 -- 1 -0.29
Quarterly 12/1/20 461.18 552.00 338.57 489.75 12 -- 1 -0.13

Actuals - EBITDA

Reported Mean Estimate Surprise % Change
Annual 12/1/19 1,802.22 1,807.78 -0.31
Annual 12/1/18 1,761.77 1,756.72 0.29
Annual 12/1/17 1,708.71 1,687.73 1.24
Quarterly 3/1/20 358.67 457.43 -21.59
Quarterly 12/1/19 465.80 468.54 -0.58
Quarterly 9/1/19 404.41 436.66 -7.39
Quarterly 6/1/19 471.52 462.24 2.01

Reference Information - GAAP Earnings Per Share

Last Actual (FY0): 9.13
FY0 End Date: 12/1/19
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 12/1/22 12.47 18.69 9.88 11.59 6 -- 1 -0.43
Annual 12/1/21 10.38 12.64 8.47 10.06 11 -- 1 -0.53
Annual 12/1/20 7.44 11.03 4.77 7.17 10 1 -- 0.07
Quarterly 3/1/21 2.52 2.96 1.92 2.55 8 -- -- --
Quarterly 6/1/20 0.63 1.08 -0.26 0.85 7 -- -- --
Quarterly 9/1/20 1.65 2.97 0.70 1.45 7 -- -- --
Quarterly 12/1/20 2.53 3.36 1.57 2.80 7 -- -- --

Actuals - GAAP Earnings Per Share

Reported Mean Estimate Surprise % Change
Annual 12/1/19 9.13 9.01 1.33
Annual 12/1/18 8.31 8.95 -7.19
Annual 12/1/17 7.81 7.28 7.26
Quarterly 3/1/20 1.64 2.56 -35.94
Quarterly 12/1/19 2.79 2.56 8.98
Quarterly 9/1/19 1.10 2.30 -52.15
Quarterly 6/1/19 2.66 2.47 7.64

Reference Information - Net Debt

Last Actual (FY0): 3,922.86
FY0 End Date: 12/1/19
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 12/1/22 3,337.27 4,052.40 2,330.00 3,483.35 4 1 -- 0.24
Annual 12/1/21 3,594.65 4,003.00 3,026.00 3,613.04 6 1 -- 0.08
Annual 12/1/20 3,639.53 4,042.90 3,312.00 3,633.74 6 -- 1 -0.11
Quarterly 3/1/21 3,242.60 3,242.60 3,242.60 3,242.60 1 -- -- --
Quarterly 6/1/20 3,350.40 3,350.40 3,350.40 3,350.40 1 -- -- --
Quarterly 9/1/20 3,270.90 3,270.90 3,270.90 3,270.90 1 -- -- --
Quarterly 12/1/20 3,061.60 3,061.60 3,061.60 3,061.60 1 -- -- --

Actuals - Net Debt

Reported Mean Estimate Surprise % Change
Annual 12/1/19 3,922.86 3,967.91 -1.14
Annual 12/1/18 3,893.41 3,919.65 -0.67
Annual 12/1/17 3,965.59 3,871.12 2.44
Quarterly 3/1/20 3,750.70 3,935.80 -4.70
Quarterly 12/1/19 3,922.86 3,854.30 1.78
Quarterly 9/1/19 3,889.47 4,088.90 -4.88
Quarterly 6/1/19 4,087.66 3,761.10 8.68

Reference Information - Net Income

Last Actual (FY0): 891.82
FY0 End Date: 12/1/19
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 12/1/22 964.62 1,249.20 837.00 918.25 6 -- 1 -0.46
Annual 12/1/21 869.44 1,031.08 744.73 851.22 12 -- 1 -0.49
Annual 12/1/20 545.97 758.00 355.00 526.74 9 1 -- 0.08
Quarterly 3/1/21 204.34 240.00 167.23 203.46 6 -- -- --
Quarterly 6/1/20 58.45 96.57 -3.90 64.35 8 -- -- --
Quarterly 9/1/20 108.59 231.10 -2.00 117.32 8 -- -- --
Quarterly 12/1/20 202.57 275.10 136.66 190.15 8 -- -- --

Actuals - Net Income

Reported Mean Estimate Surprise % Change
Annual 12/1/19 891.82 869.81 2.53
Annual 12/1/18 894.35 887.08 0.82
Annual 12/1/17 725.46 708.86 2.34
Quarterly 3/1/20 150.16 221.05 -32.07
Quarterly 12/1/19 245.10 224.71 9.07
Quarterly 9/1/19 176.26 204.30 -13.72
Quarterly 6/1/19 247.20 226.40 9.19

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 12/1/22 -- -- -- -- -- -- -- --
Annual 12/1/21 -- -- -- -- -- -- -- --
Annual 12/1/20 -- -- -- -- -- -- -- --
Quarterly 3/1/21 -- -- -- -- -- -- -- --
Quarterly 12/1/20 -- -- -- -- -- -- -- --
Quarterly 9/1/20 -- -- -- -- -- -- -- --
Quarterly 6/1/20 -- -- -- -- -- -- -- --

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): 16.37
FY0 End Date: 12/1/19
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 12/1/22 15.91 21.80 13.30 14.28 4 -- -- -0.43
Annual 12/1/21 14.79 16.90 13.30 14.42 6 -- -- -0.89
Annual 12/1/20 11.11 19.20 6.30 10.33 6 -- -- 0.10
Quarterly 3/1/21 12.30 12.30 12.30 12.30 1 -- -- --
Quarterly 6/1/20 4.70 4.70 4.70 4.70 1 -- -- --
Quarterly 9/1/20 9.40 9.40 9.40 9.40 1 -- -- --
Quarterly 12/1/20 18.50 18.50 18.50 18.50 1 -- -- --

Actuals - Return On Equity

Reported Mean Estimate Surprise % Change
Annual 12/1/19 16.37 15.92 0.45
Annual 12/1/18 17.23 16.88 0.35
Annual 12/1/17 15.24 14.80 0.44
Quarterly 3/1/20 11.00 14.20 -3.20
Quarterly 12/1/19 18.00 15.30 2.70
Quarterly 9/1/19 13.08 14.70 -1.62
Quarterly 6/1/19 18.18 15.30 2.88

Reference Information - Sales

Last Actual (FY0): 11,378.26
FY0 End Date: 12/1/19
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 12/1/22 12,407.07 12,623.70 12,244.20 12,407.35 6 -- 1 -1.12
Annual 12/1/21 12,074.46 12,671.00 11,442.57 12,121.11 13 -- 1 -0.52
Annual 12/1/20 10,941.58 12,119.61 10,403.89 10,721.00 13 -- 1 -1.00
Quarterly 3/1/21 2,969.60 3,052.00 2,882.70 2,959.50 9 -- 1 -0.78
Quarterly 6/1/20 2,439.69 2,945.14 2,212.93 2,443.94 12 -- 1 -2.20
Quarterly 9/1/20 2,684.20 3,144.41 2,399.00 2,620.42 12 -- 1 -1.28
Quarterly 12/1/20 2,929.18 3,200.39 2,751.00 2,918.11 12 -- 1 -0.69

Actuals - Sales

Reported Mean Estimate Surprise % Change
Annual 12/1/19 11,378.26 11,365.42 0.11
Annual 12/1/18 10,772.28 10,751.35 0.19
Annual 12/1/17 10,409.87 10,400.13 0.09
Quarterly 3/1/20 2,829.67 2,921.84 -3.15
Quarterly 12/1/19 2,896.25 2,870.70 0.89
Quarterly 9/1/19 2,822.45 2,772.96 1.78
Quarterly 6/1/19 2,855.17 2,805.89 1.76

P/E Ratios

Fiscal Year FY0 FY1 FY2
Ratios 10.41 14.71 10.19

EPS Growth Rates

Fiscal YOY FY1/FY0 FY2/FY1 FY3/FY2
Growth Rate -27.69 44.36 13.06

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