First Call Estimates

Analyst Ratings

Mean Recommendation:

2.29

Sell

Strong Buy

Available Measures

Reference Information - Earnings Per Share

Last Actual (FY0): 1.62
FY0 End Date: 12/1/18
Ind. Annual Div: 2.00
Hist (5 Yr) Growth %: -26.18
Hist (5 Yr) Stability %: 37.99
Yield (%): 3.95

Analyst Forecasts - Earnings Per Share

Last Month Revisions
Last Month Revisions
Fiscal Period Mean High Low Median # of Estimates # Up # Down Mean % Change
Annual 12/1/21 2.85 3.92 2.21 2.85 7 1 2 -4.54
Annual 12/1/20 2.26 3.28 1.67 2.30 32 7 8 -0.37
Annual 12/1/19 1.60 2.04 1.36 1.59 34 9 7 0.48
Quarterly 6/1/19 0.35 0.41 0.31 0.35 29 7 7 -0.26
Quarterly 9/1/19 0.43 0.56 0.36 0.43 29 9 7 0.70
Quarterly 12/1/19 0.48 0.73 0.38 0.48 29 8 8 -0.52
Quarterly 3/1/20 0.46 0.62 0.36 0.45 17 3 3 0.83
Long Term Growth 21.30 21.30 21.30 21.30 1 -- -- --

Actuals - Earnings Per Share

Reported EPS Mean Estimate Surprise % Change
Annual 12/1/18 1.62 1.63 -0.66
Annual 12/1/17 1.50 1.46 2.89
Annual 12/1/16 1.14 1.15 -1.14
Quarterly 3/1/19 0.30 0.30 -0.47
Quarterly 12/1/18 0.36 0.36 1.23
Quarterly 9/1/18 0.46 0.45 1.40
Quarterly 6/1/18 0.43 0.43 0.88

Reference Information - Book Value Per Share

Last Actual (FY0): 26.13
FY0 End Date: 12/1/18
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 12/1/21 26.63 27.93 25.52 26.63 5 1 -- -3.78
Annual 12/1/20 25.87 27.32 25.12 25.76 10 4 -- -1.61
Annual 12/1/19 25.69 26.34 25.27 25.70 10 3 1 -1.59
Quarterly 6/1/19 25.85 26.17 25.56 25.85 6 2 -- 0.10
Quarterly 9/1/19 25.76 26.11 25.42 25.73 6 2 -- 0.10
Quarterly 12/1/19 25.78 26.34 25.33 25.75 7 2 -- 0.06
Quarterly 3/1/20 25.65 25.87 25.35 25.74 3 1 -- --

Actuals - Book Value Per Share

Reported EPS Mean Estimate Surprise % Change
Annual 12/1/18 26.13 -- --
Annual 12/1/17 26.90 -- --
Annual 12/1/16 29.86 -- --
Quarterly 12/1/18 26.13 -- --
Quarterly 9/1/18 26.38 -- --
Quarterly 6/1/18 26.36 -- --

Reference Information - Cash Flow Per Share

Last Actual (FY0): 4.12
FY0 End Date: 12/1/18
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 12/1/21 5.60 6.24 4.81 5.67 4 -- -- --
Annual 12/1/20 4.59 5.48 3.10 4.54 13 1 1 0.72
Annual 12/1/19 3.94 4.49 2.27 4.12 13 2 1 0.85
Quarterly 6/1/19 0.98 1.08 0.52 1.01 11 1 1 -1.52
Quarterly 9/1/19 1.08 1.24 0.62 1.09 11 1 1 -0.47
Quarterly 12/1/19 1.14 1.36 0.69 1.17 11 1 1 -1.62
Quarterly 3/1/20 0.98 1.14 0.43 1.08 6 -- -- 0.17

Actuals - Cash Flow Per Share

Reported EPS Mean Estimate Surprise % Change
Annual 12/1/18 4.12 3.76 9.53
Annual 12/1/17 4.08 3.96 3.12
Annual 12/1/16 4.61 4.18 10.36
Quarterly 3/1/19 0.23 0.80 -71.19
Quarterly 12/1/18 1.67 1.09 53.10
Quarterly 9/1/18 1.31 1.16 13.04
Quarterly 6/1/18 0.71 1.09 -34.61

Reference Information - Dividend Per Share

Last Actual (FY0): 2.00
FY0 End Date: 12/1/18
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 12/1/21 2.07 2.35 2.00 2.00 5 -- -- --
Annual 12/1/20 2.02 2.20 1.99 2.00 22 -- -- -0.45
Annual 12/1/19 2.00 2.00 1.98 2.00 22 -- -- -0.00
Quarterly 6/1/19 0.50 0.50 0.50 0.50 13 -- -- --
Quarterly 9/1/19 0.50 0.50 0.50 0.50 13 -- -- --
Quarterly 12/1/19 0.50 0.50 0.50 0.50 13 -- -- --
Quarterly 3/1/20 0.51 0.55 0.50 0.50 8 -- -- --

Actuals - Dividend Per Share

Reported EPS Mean Estimate Surprise % Change
Annual 12/1/18 2.00 -- --
Annual 12/1/17 2.00 -- --
Annual 12/1/16 2.00 -- --
Quarterly 3/1/19 0.50 -- --
Quarterly 12/1/18 0.50 -- --
Quarterly 9/1/18 0.50 -- --
Quarterly 6/1/18 0.50 -- --

Reference Information - EBIT

Last Actual (FY0): 3,191.00
FY0 End Date: 12/1/18
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 12/1/21 5,567.01 7,314.46 4,381.52 5,378.79 8 2 2 -1.63
Annual 12/1/20 4,530.89 6,043.60 3,379.90 4,483.06 27 5 8 0.22
Annual 12/1/19 3,369.15 4,550.00 2,860.90 3,205.00 27 7 6 1.07
Quarterly 6/1/19 771.97 1,067.00 674.50 733.00 21 6 4 0.79
Quarterly 9/1/19 909.32 1,230.00 751.50 883.00 21 5 5 1.26
Quarterly 12/1/19 1,002.10 1,355.00 795.50 954.30 21 4 6 -0.18
Quarterly 3/1/20 927.21 1,186.30 771.00 908.00 11 2 2 0.08

Actuals - EBIT

Reported EPS Mean Estimate Surprise % Change
Annual 12/1/18 3,191.00 -- --
Annual 12/1/17 2,902.00 -- --
Annual 12/1/16 2,485.00 -- --
Quarterly 3/1/19 642.00 -- --
Quarterly 12/1/18 716.00 -- --
Quarterly 9/1/18 934.00 -- --
Quarterly 6/1/18 835.00 -- --

Reference Information - EBITDA

Last Actual (FY0): 6,747.00
FY0 End Date: 12/1/18
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 12/1/21 8,868.61 10,741.96 7,902.83 8,561.38 6 2 1 -3.51
Annual 12/1/20 7,892.86 9,760.00 7,047.20 7,804.50 28 6 10 -0.38
Annual 12/1/19 6,824.40 7,887.00 6,438.90 6,759.00 29 9 7 0.37
Quarterly 6/1/19 1,628.74 1,714.30 1,569.00 1,630.66 22 9 4 0.08
Quarterly 9/1/19 1,755.45 1,955.00 1,645.00 1,747.16 22 9 4 0.29
Quarterly 12/1/19 1,844.45 2,230.00 1,689.00 1,838.00 22 7 6 -0.35
Quarterly 3/1/20 1,801.28 2,111.30 1,603.00 1,773.00 14 2 3 0.59

Actuals - EBITDA

Reported EPS Mean Estimate Surprise % Change
Annual 12/1/18 6,747.00 -- --
Annual 12/1/17 6,739.00 -- --
Annual 12/1/16 6,579.00 -- --
Quarterly 3/1/19 1,545.00 -- --
Quarterly 12/1/18 1,635.00 -- --
Quarterly 9/1/18 1,821.00 -- --
Quarterly 6/1/18 1,732.00 -- --

Reference Information - GAAP Earnings Per Share

Last Actual (FY0): 1.53
FY0 End Date: 12/1/18
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 12/1/21 3.21 3.92 2.85 2.87 3 -- 1 -4.95
Annual 12/1/20 2.44 3.28 1.67 2.48 18 2 3 -0.27
Annual 12/1/19 1.68 2.20 1.35 1.64 18 2 3 0.54
Quarterly 6/1/19 0.37 0.49 0.32 0.36 15 2 3 -0.42
Quarterly 9/1/19 0.46 0.59 0.36 0.45 15 2 3 0.74
Quarterly 12/1/19 0.53 0.73 0.38 0.52 15 2 3 -0.41
Quarterly 3/1/20 0.49 0.62 0.40 0.47 8 1 2 -1.02

Actuals - GAAP Earnings Per Share

Reported EPS Mean Estimate Surprise % Change
Annual 12/1/18 1.53 -- --
Annual 12/1/17 -1.08 -- --
Annual 12/1/16 -1.24 -- --
Quarterly 3/1/19 0.30 -- --
Quarterly 12/1/18 0.39 -- --
Quarterly 9/1/18 0.46 -- --
Quarterly 6/1/18 0.31 -- --

Reference Information - Net Debt

Last Actual (FY0): 13,274.00
FY0 End Date: 12/1/18
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 12/1/21 12,075.52 12,911.74 9,266.24 12,696.34 5 1 1 3.53
Annual 12/1/20 12,973.53 14,704.69 11,173.00 13,029.13 12 4 3 0.97
Annual 12/1/19 13,880.99 17,331.00 12,777.00 13,561.00 13 3 4 0.81
Quarterly 6/1/19 13,938.74 15,003.00 13,448.20 13,714.14 6 2 1 0.24
Quarterly 9/1/19 13,669.25 14,636.00 13,301.00 13,514.19 6 2 1 0.24
Quarterly 12/1/19 14,061.49 17,331.00 12,777.00 13,293.56 9 1 2 0.40
Quarterly 3/1/20 12,975.24 13,349.95 12,266.00 13,309.78 3 1 -- 0.58

Actuals - Net Debt

Reported EPS Mean Estimate Surprise % Change
Annual 12/1/18 13,274.00 14,530.73 -8.65
Annual 12/1/17 13,110.00 13,371.39 -1.95
Annual 12/1/16 10,359.00 13,344.47 -22.37
Quarterly 3/1/19 14,393.00 13,863.77 3.82
Quarterly 12/1/18 13,274.00 14,648.91 -9.39
Quarterly 9/1/18 14,520.00 14,440.35 0.55
Quarterly 6/1/18 14,552.00 14,081.82 3.34

Reference Information - Net Income

Last Actual (FY0): 2,261.00
FY0 End Date: 12/1/18
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 12/1/21 3,940.23 5,461.52 3,077.14 3,925.00 7 1 2 -4.43
Annual 12/1/20 3,149.12 4,492.70 2,285.00 3,166.00 27 6 8 -0.07
Annual 12/1/19 2,207.82 2,712.00 1,883.70 2,187.00 27 8 6 0.73
Quarterly 6/1/19 496.33 572.00 438.80 492.39 21 7 4 0.33
Quarterly 9/1/19 607.52 782.00 501.10 620.30 21 6 5 1.25
Quarterly 12/1/19 683.45 1,016.00 530.80 675.00 21 5 6 -0.47
Quarterly 3/1/20 632.56 858.00 511.00 634.60 11 2 2 0.48

Actuals - Net Income

Reported EPS Mean Estimate Surprise % Change
Annual 12/1/18 2,261.00 -- --
Annual 12/1/17 2,085.00 -- --
Annual 12/1/16 1,550.00 -- --
Quarterly 3/1/19 421.00 -- --
Quarterly 12/1/18 498.00 -- --
Quarterly 9/1/18 644.00 -- --
Quarterly 6/1/18 594.00 -- --

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 12/1/21 8,353.00 8,353.00 8,353.00 8,353.00 1 -- -- --
Annual 12/1/20 4,901.93 4,901.93 4,901.93 4,901.93 1 -- -- --
Annual 12/1/19 3,965.11 3,965.11 3,965.11 3,965.11 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): 6.19
FY0 End Date: 12/1/18
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 12/1/21 11.65 15.00 8.70 10.86 5 1 -- 0.01
Annual 12/1/20 8.81 11.20 6.50 9.00 13 1 2 -0.16
Annual 12/1/19 6.22 7.40 5.60 6.10 14 2 3 0.37
Quarterly 6/1/19 4.73 5.90 2.00 5.50 4 1 -- --
Quarterly 9/1/19 5.15 6.98 2.00 5.80 4 1 -- --
Quarterly 12/1/19 5.79 8.05 2.00 6.55 4 1 -- --
Quarterly 3/1/20 6.80 7.60 6.00 6.80 2 1 -- --

Actuals - Return On Equity

Reported EPS Mean Estimate Surprise % Change
Annual 12/1/18 6.19 -- --
Annual 12/1/17 5.35 -- --
Annual 12/1/16 4.04 -- --
Quarterly 12/1/18 5.48 -- --
Quarterly 9/1/18 7.00 -- --
Quarterly 6/1/18 6.44 -- --

Reference Information - Sales

Last Actual (FY0): 32,815.00
FY0 End Date: 12/1/18
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 12/1/21 39,568.09 44,306.66 35,970.24 39,973.68 7 1 2 -1.45
Annual 12/1/20 36,747.11 41,407.00 33,712.00 36,632.00 29 7 9 0.14
Annual 12/1/19 33,504.26 35,342.00 32,103.00 33,333.00 29 10 6 0.55
Quarterly 6/1/19 8,151.79 8,361.00 7,993.70 8,133.00 23 9 4 0.47
Quarterly 9/1/19 8,574.85 9,171.00 8,333.30 8,505.70 23 7 6 0.48
Quarterly 12/1/19 8,898.72 10,017.00 8,508.57 8,738.00 23 5 7 0.30
Quarterly 3/1/20 8,679.97 9,467.40 8,112.19 8,648.20 14 2 3 -0.03

Actuals - Sales

Reported EPS Mean Estimate Surprise % Change
Annual 12/1/18 32,815.00 32,706.20 0.33
Annual 12/1/17 30,440.00 30,380.90 0.19
Annual 12/1/16 27,810.00 27,798.98 0.04
Quarterly 3/1/19 7,879.00 7,813.07 0.84
Quarterly 12/1/18 8,180.00 8,036.27 1.79
Quarterly 9/1/18 8,504.00 8,584.33 -0.94
Quarterly 6/1/18 8,303.00 8,361.82 -0.70

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