First Call Estimates

Stock Information

Price (Prev Close): 128.01
Price - 52 Week High: 132.63
Price - 52 Week Low: 95.92
Price Date (Latest): 11/16/18
Median Price Target: 137.06
Diff from Prev Close: 9.05
% Difference: 7.07

Analyst Ratings

Mean Recommendation:

2.11

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 10.89 11.40 10.17 10.92 14 3 5 -0.37
Annual 12/1/19 10.05 10.36 9.58 10.03 17 2 14 -2.18
Annual 12/1/18 9.49 9.62 9.38 9.50 13 4 7 -0.29
Quarterly 12/1/18 2.34 2.45 2.21 2.35 17 2 14 -8.21
Quarterly 3/1/19 2.64 2.83 2.43 2.65 14 2 10 -1.50
Quarterly 6/1/19 2.58 2.77 2.47 2.58 14 4 7 -0.36
Quarterly 9/1/19 2.23 2.55 1.87 2.24 14 5 4 -2.25
Long Term Growth 11.21 14.37 5.40 11.60 5 -- 1 -1.96

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 70.11 77.90 60.36 71.09 4 -- 2 7.79
Annual 12/1/19 63.35 68.49 55.83 64.53 4 -- 2 6.13
Annual 12/1/18 57.13 59.77 52.53 58.10 4 -- 2 3.66
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 16.45 17.15 15.70 16.51 3 1 1 0.37
Annual 12/1/19 15.00 15.96 14.26 14.90 4 -- 3 0.22
Annual 12/1/18 13.30 14.18 12.68 13.16 4 1 2 -1.27
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 0.40 0.40 0.40 0.40 4 -- -- --
Annual 12/1/19 0.40 0.40 0.40 0.40 5 -- -- --
Annual 12/1/18 0.40 0.40 0.40 0.40 5 -- -- --
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 -- -- --
Quarterly 6/1/19 0.10 0.10 0.10 0.10 1 -- -- --
Quarterly 9/1/19 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 -- --

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 1,463.82 1,530.05 1,393.59 1,460.07 12 3 6 0.25
Annual 12/1/19 1,381.49 1,452.28 1,336.90 1,381.26 14 2 11 -1.44
Annual 12/1/18 1,301.02 1,338.00 1,240.72 1,303.87 12 3 8 -0.98
Quarterly 12/1/18 327.26 345.62 310.90 328.09 10 1 8 -7.30
Quarterly 3/1/19 363.32 371.56 357.55 361.55 6 -- 5 -1.78
Quarterly 6/1/19 352.50 368.57 344.51 351.61 6 -- 5 -0.41
Quarterly 9/1/19 301.25 325.20 269.12 300.83 6 1 3 -1.30

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 1,930.86 1,972.10 1,891.96 1,930.45 13 1 7 -0.47
Annual 12/1/19 1,837.03 1,874.31 1,810.00 1,830.50 17 1 13 -1.78
Annual 12/1/18 1,761.38 1,833.92 1,733.39 1,758.68 17 4 10 -0.32
Quarterly 12/1/18 444.72 473.00 424.00 445.00 15 -- 12 -5.60
Quarterly 3/1/19 474.71 489.00 445.40 475.30 10 1 7 -1.11
Quarterly 6/1/19 464.30 480.03 451.61 464.35 10 3 5 -0.83
Quarterly 9/1/19 420.33 455.99 384.25 413.62 10 3 4 -0.72

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 11.12 11.40 10.65 11.19 6 1 -- 0.10
Annual 12/1/19 10.07 10.37 9.63 10.00 9 -- 7 -2.89
Annual 12/1/18 8.80 9.45 7.75 8.87 8 -- 6 -3.22
Quarterly 12/1/18 2.28 2.36 2.21 2.27 6 -- 5 -12.36
Quarterly 3/1/19 2.70 2.77 2.65 2.67 5 -- 3 -0.54
Quarterly 6/1/19 2.61 2.77 2.53 2.58 5 -- 3 0.86
Quarterly 9/1/19 2.24 2.33 2.15 2.23 5 1 1 -0.49

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 3,457.31 3,855.64 2,748.00 3,615.46 6 1 3 3.60
Annual 12/1/19 3,679.13 3,858.99 3,334.00 3,712.80 7 4 1 4.02
Annual 12/1/18 3,912.35 4,035.77 3,816.50 3,898.00 7 5 -- 4.27
Quarterly 12/1/18 3,866.17 3,898.00 3,816.50 3,884.00 3 1 -- 5.76
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 12/1/20 985.95 1,025.10 930.05 988.10 12 3 6 -0.20
Annual 12/1/19 926.32 954.91 882.30 925.40 14 1 12 -1.85
Annual 12/1/18 885.77 900.00 870.62 885.56 12 3 8 0.03
Quarterly 12/1/18 216.30 227.19 206.05 215.79 10 1 8 -8.98
Quarterly 3/1/19 246.81 255.90 238.11 247.00 7 -- 6 -2.56
Quarterly 6/1/19 237.95 254.31 227.15 236.60 7 -- 6 -1.17
Quarterly 9/1/19 201.29 215.36 175.45 200.03 7 2 3 -0.07

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 16.16 17.74 14.50 16.29 5 3 1 0.32
Annual 12/1/19 16.36 17.28 15.30 16.56 5 2 2 0.19
Annual 12/1/18 16.81 17.14 16.30 16.87 6 2 2 0.78
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 11,785.53 12,020.78 11,495.93 11,810.17 13 2 7 -0.35
Annual 12/1/19 11,257.53 11,478.70 11,022.65 11,258.96 16 4 10 -0.76
Annual 12/1/18 10,752.52 10,894.40 10,677.43 10,754.00 16 3 11 -0.60
Quarterly 12/1/18 2,739.99 2,870.29 2,659.65 2,740.63 14 4 7 -0.64
Quarterly 3/1/19 2,819.01 2,862.63 2,765.80 2,815.00 9 2 6 -0.50
Quarterly 6/1/19 2,821.58 2,864.71 2,803.40 2,808.60 9 4 4 0.02
Quarterly 9/1/19 2,771.77 2,816.80 2,716.10 2,776.41 9 3 3 -0.17

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 13.49 65.06 0.21
FY1 12.74 63.72 0.20
FY2 11.75 -314.03 -0.04

EPS Growth Rates

Growth Rates Company Industry Ind. Relative
FY1/FY0 25.99 49.91 0.84
FY2/FY1 5.89 14.71 0.92
FY3/FY2 5.89 14.71 0.92

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