First Call Estimates

Analyst Ratings

Mean Recommendation:

2.35

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 %: -21.36
Yield (%): 5.13

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 2.74 3.18 2.17 2.79 8 1 5 -4.22
Annual 12/1/20 2.18 3.16 1.52 2.22 32 9 19 -3.40
Annual 12/1/19 1.55 1.80 1.36 1.55 31 9 18 -2.72
Quarterly 3/1/20 0.44 0.60 0.36 0.44 20 4 11 -4.73
Quarterly 6/1/19 0.35 0.36 0.33 0.35 28 8 15 -2.14
Quarterly 9/1/19 0.42 0.50 0.35 0.43 28 12 14 -2.14
Quarterly 12/1/19 0.47 0.64 0.36 0.47 28 7 16 -2.78
Long Term Growth 21.30 21.30 21.30 21.30 1 -- -- 0.00

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 %: --
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 26.28 26.76 25.54 26.35 5 2 2 -1.30
Annual 12/1/20 25.68 26.92 25.20 25.67 11 3 6 -0.69
Annual 12/1/19 25.69 26.19 25.27 25.66 11 3 5 0.06
Quarterly 3/1/20 25.73 26.26 25.45 25.57 5 1 2 0.47
Quarterly 6/1/19 25.90 26.17 25.61 25.91 7 4 1 0.27
Quarterly 9/1/19 25.80 26.05 25.59 25.76 7 3 2 0.24
Quarterly 12/1/19 25.77 26.22 25.49 25.68 8 2 2 0.04

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 3/1/19 26.37 -- --
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 %: --
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 5.11 5.67 4.74 5.02 4 -- 4 -8.67
Annual 12/1/20 4.53 5.12 2.88 4.71 13 2 11 -1.41
Annual 12/1/19 3.91 4.36 2.18 4.07 13 4 8 -0.71
Quarterly 3/1/20 1.04 1.17 0.61 1.10 7 2 4 5.79
Quarterly 6/1/19 0.98 1.55 0.50 1.00 11 1 8 -0.18
Quarterly 9/1/19 1.08 1.30 0.58 1.12 11 1 10 -0.29
Quarterly 12/1/19 1.22 1.76 0.65 1.16 11 4 7 6.85

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 %: --
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 2.03 2.10 2.00 2.00 4 -- 1 -4.36
Annual 12/1/20 2.01 2.20 1.98 2.00 20 -- 4 -0.53
Annual 12/1/19 2.00 2.00 1.98 2.00 19 1 1 -0.00
Quarterly 3/1/20 0.51 0.55 0.50 0.50 8 -- 1 -1.22
Quarterly 6/1/19 0.50 0.50 0.50 0.50 12 -- -- --
Quarterly 9/1/19 0.50 0.50 0.50 0.50 12 -- -- --
Quarterly 12/1/19 0.50 0.50 0.50 0.50 12 -- -- --

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 %: --
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 5,249.91 7,053.00 4,156.00 5,166.87 9 3 5 -5.92
Annual 12/1/20 4,374.88 5,937.40 2,819.30 4,313.81 27 8 16 -3.41
Annual 12/1/19 3,302.82 4,423.00 2,655.10 3,166.88 26 11 13 -1.46
Quarterly 3/1/20 903.70 1,159.10 690.10 864.00 11 3 7 -2.16
Quarterly 6/1/19 761.35 1,012.00 662.20 730.00 21 7 12 -1.49
Quarterly 9/1/19 885.06 1,188.00 671.70 871.00 21 6 13 -2.47
Quarterly 12/1/19 970.34 1,315.00 679.20 937.24 21 6 13 -3.55

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 %: --
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 8,488.59 9,246.20 7,768.00 8,321.68 7 2 4 -4.44
Annual 12/1/20 7,769.17 9,429.00 6,431.30 7,716.00 29 10 17 -1.51
Annual 12/1/19 6,721.20 7,144.00 6,267.10 6,744.75 29 12 16 -0.85
Quarterly 3/1/20 1,756.82 2,032.10 1,593.10 1,758.50 16 4 10 -2.41
Quarterly 6/1/19 1,625.55 1,662.00 1,565.20 1,624.00 23 9 13 -0.09
Quarterly 9/1/19 1,740.80 1,874.00 1,574.70 1,742.00 23 9 13 -0.66
Quarterly 12/1/19 1,820.21 2,095.00 1,582.20 1,816.00 23 7 15 -1.29

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 %: --
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 2.76 3.18 2.13 2.85 5 -- 2 -14.13
Annual 12/1/20 2.20 3.16 1.52 2.24 20 3 13 -9.84
Annual 12/1/19 1.55 1.80 1.36 1.56 19 1 14 -7.35
Quarterly 3/1/20 0.45 0.60 0.36 0.45 11 -- 6 -9.00
Quarterly 6/1/19 0.35 0.36 0.33 0.35 17 1 10 -7.22
Quarterly 9/1/19 0.42 0.50 0.35 0.43 17 2 12 -8.73
Quarterly 12/1/19 0.48 0.64 0.36 0.48 17 1 12 -11.00

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 %: --
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 12,346.00 13,542.85 10,561.98 12,830.74 5 4 1 3.37
Annual 12/1/20 12,862.40 14,305.26 11,304.00 12,665.94 12 8 4 -0.58
Annual 12/1/19 13,642.06 15,349.25 12,787.00 13,496.47 13 7 6 -1.13
Quarterly 3/1/20 13,622.79 14,362.00 12,299.00 13,915.08 4 3 -- 5.61
Quarterly 6/1/19 14,311.93 15,417.00 13,541.00 14,189.12 6 5 1 3.42
Quarterly 9/1/19 13,994.84 14,950.00 13,323.00 13,938.95 6 4 2 3.15
Quarterly 12/1/19 13,822.30 15,616.00 12,787.00 13,599.24 8 5 1 -1.23

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 %: --
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 3,616.55 4,335.00 2,925.00 3,629.47 8 2 5 -8.67
Annual 12/1/20 3,022.14 4,367.80 2,133.50 3,093.00 27 9 16 -3.92
Annual 12/1/19 2,150.47 2,518.00 1,904.30 2,144.34 26 9 16 -1.93
Quarterly 3/1/20 621.40 826.90 509.10 617.60 11 4 6 -1.15
Quarterly 6/1/19 486.76 508.00 459.40 488.00 21 7 13 -1.94
Quarterly 9/1/19 587.01 703.00 491.20 593.00 21 6 14 -2.97
Quarterly 12/1/19 658.31 898.00 509.80 642.00 21 5 14 -4.03

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 %: --
Yield (%): --

Analyst Forecasts - Operating Profit

Last Month Revisions
Last Month Revisions
Fiscal Period Mean High Low Median # of Estimates # Up # Down Mean % Change
Annual 12/1/20 4,709.15 4,709.15 4,709.15 4,709.15 1 -- 1 -3.93
Annual 12/1/19 4,054.51 4,054.51 4,054.51 4,054.51 1 1 -- 2.25

Actuals - Operating Profit

Reported EPS Mean Estimate Surprise % Change

Reference Information - Return On Equity

Last Actual (FY0): 6.19
FY0 End Date: 12/1/18
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 12/1/21 10.92 15.00 8.52 10.59 5 -- -- -6.27
Annual 12/1/20 8.41 11.00 6.10 8.64 13 -- -- -4.65
Annual 12/1/19 6.13 7.00 5.40 6.04 14 -- -- -1.68
Quarterly 3/1/20 6.82 7.70 5.60 7.15 3 -- -- 0.25
Quarterly 6/1/19 4.67 5.70 2.00 5.50 4 -- -- -1.11
Quarterly 9/1/19 4.91 6.55 2.00 5.55 4 -- -- -4.52
Quarterly 12/1/19 5.48 7.61 2.00 6.15 4 -- -- -5.36

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 3/1/19 4.66 -- --
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 %: --
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 39,132.35 41,063.45 36,084.58 39,429.98 8 3 4 -1.41
Annual 12/1/20 36,477.98 40,173.90 33,979.00 36,502.05 28 13 13 -0.58
Annual 12/1/19 33,387.36 34,900.00 32,340.00 33,310.00 27 15 11 0.04
Quarterly 3/1/20 8,614.56 9,287.40 8,290.00 8,507.40 13 6 7 -0.69
Quarterly 6/1/19 8,123.40 8,244.40 8,023.00 8,114.50 22 11 11 -0.04
Quarterly 9/1/19 8,550.90 8,868.00 8,281.20 8,553.30 22 13 9 0.05
Quarterly 12/1/19 8,814.53 9,492.00 8,373.40 8,727.00 22 10 11 -0.53

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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