First Call Estimates

First Call Estimates

Analyst Ratings

Mean Recommendation:

2.00

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 (%): 2.20

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 6.26 6.50 6.01 6.26 2 -- -- --
Annual 9/1/21 5.76 6.10 5.35 5.65 9 2 -- 0.95
Annual 9/1/20 5.16 5.45 4.98 5.15 9 3 -- 0.65
Quarterly 3/1/20 3.90 4.26 3.70 3.87 7 3 -- 3.41
Quarterly 6/1/20 3.23 3.51 3.00 3.23 7 1 2 -2.12
Quarterly 9/1/20 -0.84 -0.64 -0.99 -0.86 7 2 1 -1.38
Quarterly 12/1/20 -1.11 -1.03 -1.17 -1.10 6 1 -- 2.64
Long Term Growth 9.90 9.90 9.90 9.90 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 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
Quarterly 3/1/19 3.64 3.42 6.43

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 7.22 8.66 5.77 7.22 2 -- -- --
Annual 9/1/21 6.97 8.00 5.34 7.58 3 1 -- 0.34
Annual 9/1/20 5.70 6.37 4.52 6.21 3 1 -- 4.27
Quarterly 3/1/20 -3.43 -3.43 -3.43 -3.43 1 1 -- 22.75
Quarterly 6/1/20 8.89 8.89 8.89 8.89 1 -- 1 -6.12
Quarterly 9/1/20 6.61 6.61 6.61 6.61 1 1 -- 3.93
Quarterly 12/1/20 -2.72 -2.72 -2.72 -2.72 1 1 -- 38.60

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
Quarterly 12/1/19 -5.70 -4.29 -32.87
Quarterly 9/1/19 5.47 5.82 -6.01
Quarterly 6/1/19 8.28 4.19 97.61
Quarterly 3/1/19 -5.59 -6.14 8.96

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 2.62 2.67 2.56 2.62 2 -- -- --
Annual 9/1/21 2.51 2.58 2.45 2.50 4 -- -- --
Annual 9/1/20 2.38 2.45 2.35 2.36 4 -- -- --
Quarterly 3/1/20 0.58 0.58 0.58 0.58 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 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 9/1/22 509.31 512.00 506.93 509.00 3 1 -- 0.31
Annual 9/1/21 494.12 529.90 480.10 488.46 6 3 -- 1.51
Annual 9/1/20 462.36 479.20 452.50 459.12 7 3 -- 0.83
Quarterly 3/1/20 311.87 338.52 297.90 308.00 6 3 -- 3.27
Quarterly 6/1/20 257.71 272.70 243.24 259.45 6 1 2 -2.26
Quarterly 9/1/20 -43.62 -28.00 -57.84 -44.20 6 2 1 -1.70
Quarterly 12/1/20 -64.78 -60.00 -68.50 -65.31 4 1 -- 3.50

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 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
Quarterly 3/1/19 291.40 279.14 4.39

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 9/1/22 617.00 633.00 601.00 617.00 2 -- -- --
Annual 9/1/21 619.01 663.50 584.00 614.00 6 3 -- 1.20
Annual 9/1/20 578.60 606.90 552.00 576.80 7 3 -- 0.57
Quarterly 3/1/20 342.93 376.45 321.00 338.90 6 3 -- 3.15
Quarterly 6/1/20 288.46 304.90 276.40 287.00 6 1 2 -2.09
Quarterly 9/1/20 -13.57 -6.00 -25.41 -12.81 6 2 1 -6.72
Quarterly 12/1/20 -32.96 -24.20 -39.00 -35.68 5 2 -- 9.98

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 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
Quarterly 3/1/19 327.40 309.78 5.69

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 5.80 6.50 4.90 6.01 3 -- -- --
Annual 9/1/21 5.60 6.14 4.43 5.78 6 2 -- 1.45
Annual 9/1/20 5.16 5.21 5.08 5.18 4 2 -- 1.28
Quarterly 3/1/20 3.96 4.25 3.76 3.87 3 2 -- 4.39
Quarterly 6/1/20 3.19 3.32 3.01 3.23 3 1 1 -2.25
Quarterly 9/1/20 -0.82 -0.64 -1.03 -0.79 3 1 1 -2.93
Quarterly 12/1/20 -1.26 -1.03 -1.68 -1.07 3 2 -- 3.32

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 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
Quarterly 3/1/19 7.09 3.49 102.96

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 1,074.00 1,074.00 1,074.00 1,074.00 1 -- -- --
Annual 9/1/21 1,245.00 1,245.00 1,245.00 1,245.00 1 -- -- --
Annual 9/1/20 1,401.00 1,401.00 1,401.00 1,401.00 1 -- -- --

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 9/1/22 333.50 334.00 333.00 333.50 2 -- -- --
Annual 9/1/21 318.05 342.10 307.70 313.00 7 2 -- 1.29
Annual 9/1/20 285.90 300.80 276.00 283.40 7 2 -- 0.88
Quarterly 3/1/20 214.67 237.54 207.00 208.65 6 2 -- 2.22
Quarterly 6/1/20 180.11 189.40 167.65 182.65 6 1 1 -1.12
Quarterly 9/1/20 -47.00 -37.00 -55.51 -46.50 6 1 1 -1.34
Quarterly 12/1/20 -61.57 -57.60 -65.00 -61.84 4 1 -- 2.69

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 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
Quarterly 3/1/19 203.20 191.32 6.21

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 9/1/21 174.55 481.00 -131.90 174.55 2 1 -- 1.24
Annual 9/1/20 457.82 457.82 457.82 457.82 1 1 -- 0.92

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 41.15 46.10 36.20 41.15 2 -- -- --
Annual 9/1/20 37.54 40.50 36.00 36.12 3 -- -- -0.74

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 3,520.00 3,575.00 3,454.00 3,531.00 3 -- -- --
Annual 9/1/21 3,468.78 3,722.40 3,372.00 3,442.00 7 3 -- 1.50
Annual 9/1/20 3,358.72 3,453.00 3,283.00 3,360.70 6 3 -- 1.46
Quarterly 3/1/20 1,293.82 1,389.00 1,225.77 1,265.65 6 3 -- 4.54
Quarterly 6/1/20 1,182.88 1,232.60 1,135.00 1,182.13 6 1 2 -1.08
Quarterly 9/1/20 516.24 556.00 484.34 513.05 6 1 2 0.49
Quarterly 12/1/20 380.87 418.80 340.10 381.20 6 1 -- 2.20

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 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
Quarterly 3/1/19 1,189.90 1,158.77 2.69

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