First Call Estimates

First Call Estimates

Analyst Ratings

Mean Recommendation:

2.43

Sell

Strong Buy

Reference Information - Earnings Per Share

Last Actual (FY0): 4.47
FY0 End Date: 9/1/19
Ind. Annual Div: 2.32
Hist (5 Yr) Growth %: 27.27
Yield (%): 1.72

Analyst Forecasts - Earnings Per Share

Last Month Revisions
Last Month Revisions
Fiscal Period Mean High Low Median # of Estimates # Up # Down Mean % Change
Annual 9/1/22 6.18 6.32 6.03 6.18 2 -- 1 -4.41
Annual 9/1/21 5.79 6.29 5.32 5.73 6 4 1 1.08
Annual 9/1/20 5.28 5.45 5.13 5.25 6 6 -- 3.08
Quarterly 3/1/21 4.39 4.70 3.97 4.50 3 2 1 6.88
Quarterly 6/1/20 2.87 2.95 2.73 2.90 4 1 3 -6.38
Quarterly 9/1/20 -1.00 -0.90 -1.07 -1.01 4 1 3 -15.89
Quarterly 12/1/20 -1.10 -1.05 -1.13 -1.12 3 1 2 -0.73
Long Term Growth 10.10 10.10 10.10 10.10 1 -- -- 0.00

Actuals - Earnings Per Share

Reported Mean Estimate Surprise % Change
Annual 9/1/19 4.47 4.51 -0.91
Annual 9/1/18 3.71 3.77 -1.52
Annual 9/1/17 3.94 3.90 1.15
Quarterly 3/1/20 4.50 4.18 7.66
Quarterly 12/1/19 -1.12 -1.27 12.11
Quarterly 9/1/19 -0.91 -0.86 -5.41
Quarterly 6/1/19 3.11 2.74 13.50

Reference Information - Book Value Per Share

Last Actual (FY0): 13.03
FY0 End Date: 9/1/19
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 9/1/22 60.31 60.31 60.31 60.31 1 -- -- --
Annual 9/1/21 58.00 58.00 58.00 58.00 1 -- -- --
Annual 9/1/20 55.73 55.73 55.73 55.73 1 -- -- --

Actuals - Book Value Per Share

Reported Mean Estimate Surprise % Change
Annual 9/1/19 13.03 -- --
Annual 9/1/18 6.49 -- --
Annual 9/1/17 11.17 52.49 -78.73

Reference Information - Cash Flow Per Share

Last Actual (FY0): 4.03
FY0 End Date: 9/1/19
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 9/1/22 7.86 8.66 7.06 7.86 2 -- -- --
Annual 9/1/21 7.02 8.00 6.03 7.02 2 -- -- -2.61
Annual 9/1/20 5.49 6.21 4.76 5.49 2 -- -- -5.10

Actuals - Cash Flow Per Share

Reported Mean Estimate Surprise % Change
Annual 9/1/19 4.03 4.69 -14.07
Annual 9/1/18 6.00 6.93 -13.42
Annual 9/1/17 5.88 5.95 -1.09

Reference Information - Dividend Per Share

Last Actual (FY0): 2.23
FY0 End Date: 9/1/19
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 9/1/22 2.60 2.64 2.56 2.60 2 -- 1 -0.57
Annual 9/1/21 2.51 2.58 2.45 2.51 3 -- 1 0.23
Annual 9/1/20 2.39 2.45 2.35 2.36 3 -- -- 0.39
Quarterly 3/1/21 0.62 0.62 0.62 0.62 1 -- -- --
Quarterly 6/1/20 0.58 0.58 0.58 0.58 1 -- -- --
Quarterly 9/1/20 0.62 0.62 0.62 0.62 1 -- -- --
Quarterly 12/1/20 0.62 0.62 0.62 0.62 1 -- -- --

Actuals - Dividend Per Share

Reported Mean Estimate Surprise % Change
Annual 9/1/19 2.23 2.25 -0.79
Annual 9/1/18 2.14 2.16 -1.08
Annual 9/1/17 2.06 2.05 0.73
Quarterly 3/1/20 0.58 0.58 --
Quarterly 12/1/19 0.58 0.58 --

Reference Information - EBIT

Last Actual (FY0): 422.90
FY0 End Date: 9/1/19
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 9/1/22 520.50 532.00 509.00 520.50 2 -- 1 0.43
Annual 9/1/21 510.82 547.00 467.90 501.00 5 4 1 2.02
Annual 9/1/20 475.74 490.60 458.70 478.70 5 5 -- 3.04
Quarterly 3/1/21 347.05 375.70 318.40 347.05 2 1 1 2.97
Quarterly 6/1/20 237.95 244.60 225.50 240.85 4 1 3 -3.56
Quarterly 9/1/20 -56.88 -46.60 -65.20 -57.85 4 -- 4 -26.00
Quarterly 12/1/20 -64.40 -60.90 -67.90 -64.40 2 1 1 -1.09

Actuals - EBIT

Reported Mean Estimate Surprise % Change
Annual 9/1/19 422.90 427.65 -1.11
Annual 9/1/18 351.70 364.27 -3.45
Annual 9/1/17 438.30 450.57 -2.72
Quarterly 3/1/20 357.40 320.34 11.57
Quarterly 12/1/19 -64.80 -74.58 13.11
Quarterly 9/1/19 -48.30 -43.57 -10.85
Quarterly 6/1/19 258.70 227.57 13.68

Reference Information - EBITDA

Last Actual (FY0): 558.20
FY0 End Date: 9/1/19
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 9/1/22 661.50 690.00 633.00 661.50 2 1 -- 4.77
Annual 9/1/21 640.10 675.30 591.90 648.00 5 4 1 2.99
Annual 9/1/20 600.46 624.90 580.00 598.82 5 5 -- 4.85
Quarterly 3/1/21 386.48 409.70 349.40 400.33 3 2 1 6.41
Quarterly 6/1/20 270.50 278.20 256.50 273.65 4 1 3 -2.47
Quarterly 9/1/20 -24.17 -12.80 -32.48 -25.70 4 1 3 -59.31
Quarterly 12/1/20 -34.70 -30.20 -37.00 -36.90 3 1 2 -10.35

Actuals - EBITDA

Reported Mean Estimate Surprise % Change
Annual 9/1/19 558.20 553.46 0.86
Annual 9/1/18 482.00 473.54 1.79
Annual 9/1/17 560.50 542.07 3.40
Quarterly 3/1/20 394.20 350.25 12.55
Quarterly 12/1/19 -34.70 -44.06 21.24
Quarterly 9/1/19 -15.30 -10.56 -44.84
Quarterly 6/1/19 293.50 259.20 13.23

Reference Information - GAAP Earnings Per Share

Last Actual (FY0): 8.18
FY0 End Date: 9/1/19
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 9/1/22 6.32 6.32 6.32 6.32 1 1 -- 8.90
Annual 9/1/21 6.06 6.33 5.71 6.15 3 3 -- 8.24
Annual 9/1/20 5.34 5.42 5.26 5.34 2 2 -- 3.59
Quarterly 3/1/21 4.70 4.70 4.70 4.70 1 1 -- 15.20
Quarterly 6/1/20 2.95 2.95 2.95 2.95 1 -- 1 -5.55
Quarterly 9/1/20 -0.90 -0.90 -0.90 -0.90 1 -- 1 -8.00
Quarterly 12/1/20 -1.05 -1.05 -1.05 -1.05 1 -- 1 16.67

Actuals - GAAP Earnings Per Share

Reported Mean Estimate Surprise % Change
Annual 9/1/19 8.18 8.04 1.74
Annual 9/1/18 1.12 3.39 -66.99
Annual 9/1/17 3.63 4.20 -13.57
Quarterly 3/1/20 4.47 3.93 13.74
Quarterly 12/1/19 -1.28 -1.29 0.58
Quarterly 9/1/19 -1.04 -0.86 -20.46
Quarterly 6/1/19 3.56 2.63 35.53

Reference Information - Net Debt

Last Actual (FY0): 1,632.80
FY0 End Date: 9/1/19
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 9/1/22 898.00 898.00 898.00 898.00 1 -- 1 -5.57
Annual 9/1/21 1,156.00 1,156.00 1,156.00 1,156.00 1 -- 1 -3.18
Annual 9/1/20 1,380.00 1,380.00 1,380.00 1,380.00 1 -- 1 -0.58

Actuals - Net Debt

Reported Mean Estimate Surprise % Change
Annual 9/1/19 1,632.80 -- --
Annual 9/1/18 1,982.50 -- --
Annual 9/1/17 1,280.60 1,480.00 -13.47

Reference Information - Net Income

Last Actual (FY0): 251.80
FY0 End Date: 9/1/19
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 9/1/22 348.35 360.00 336.70 348.35 2 1 -- 1.12
Annual 9/1/21 327.88 350.70 302.20 326.00 5 4 1 2.90
Annual 9/1/20 297.92 309.20 290.50 296.00 5 5 -- 4.44
Quarterly 3/1/21 246.00 266.70 225.30 246.00 2 1 1 3.45
Quarterly 6/1/20 163.38 167.90 154.90 165.35 4 1 3 -2.23
Quarterly 9/1/20 -56.55 -50.40 -62.00 -56.90 4 -- 3 -17.20
Quarterly 12/1/20 -60.80 -58.70 -62.90 -60.80 2 1 1 -0.62

Actuals - Net Income

Reported Mean Estimate Surprise % Change
Annual 9/1/19 251.80 253.77 -0.78
Annual 9/1/18 211.60 215.47 -1.79
Annual 9/1/17 236.90 237.72 -0.34
Quarterly 3/1/20 253.80 226.34 12.13
Quarterly 12/1/19 -62.40 -71.69 12.96
Quarterly 9/1/19 -50.70 -48.67 -4.17
Quarterly 6/1/19 176.30 153.08 15.17

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 9/1/21 481.00 481.00 481.00 481.00 1 -- -- 175.57
Annual 9/1/20 457.82 457.82 457.82 457.82 1 -- -- --

Actuals - Operating Profit

Reported Mean Estimate Surprise % Change

Reference Information - Return On Equity

Last Actual (FY0): 46.51
FY0 End Date: 9/1/19
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 9/1/22 52.90 52.90 52.90 52.90 1 -- -- --
Annual 9/1/21 41.35 46.10 36.60 41.35 2 -- -- 0.61
Annual 9/1/20 38.90 40.50 37.30 38.90 2 -- -- 3.62

Actuals - Return On Equity

Reported Mean Estimate Surprise % Change
Annual 9/1/19 46.51 58.98 -12.47
Annual 9/1/18 41.44 35.68 5.76
Annual 9/1/17 34.04 36.10 -2.06

Reference Information - Sales

Last Actual (FY0): 3,156.00
FY0 End Date: 9/1/19
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 9/1/22 3,679.45 3,770.50 3,588.40 3,679.45 2 1 -- 3.61
Annual 9/1/21 3,573.62 3,721.50 3,456.00 3,579.00 5 4 -- 2.71
Annual 9/1/20 3,419.61 3,466.10 3,402.00 3,409.00 5 5 -- 2.22
Quarterly 3/1/21 1,376.48 1,451.90 1,267.60 1,409.93 3 1 2 3.05
Quarterly 6/1/20 1,150.23 1,172.00 1,141.72 1,143.60 4 3 1 0.24
Quarterly 9/1/20 525.21 545.50 516.60 519.37 4 4 -- 2.97
Quarterly 12/1/20 393.93 407.40 381.19 393.20 3 1 2 3.38

Actuals - Sales

Reported Mean Estimate Surprise % Change
Annual 9/1/19 3,156.00 3,109.83 1.48
Annual 9/1/18 2,663.40 2,667.16 -0.14
Annual 9/1/17 2,642.10 2,710.17 -2.51
Quarterly 3/1/20 1,382.80 1,325.03 4.36
Quarterly 12/1/19 365.80 341.67 7.06
Quarterly 9/1/19 497.70 451.55 10.22
Quarterly 6/1/19 1,170.30 1,069.31 9.44

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