First Call Estimates

First Call Estimates

Analyst Ratings

Mean Recommendation:

2.25

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 (%): 2.14

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 5.87 5.87 5.87 5.87 1 -- -- --
Annual 9/1/21 5.49 5.82 5.12 5.50 9 -- -- -0.90
Annual 9/1/20 5.04 5.15 4.95 5.05 9 -- -- -0.37
Quarterly 3/1/20 3.78 3.90 3.57 3.80 7 -- -- -0.68
Quarterly 6/1/20 3.35 3.57 3.13 3.34 7 -- -- 0.47
Quarterly 9/1/20 -0.79 -0.58 -0.91 -0.84 6 -- -- -0.21
Quarterly 12/1/19 -1.28 -1.18 -1.43 -1.28 7 -- -- -0.68
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 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
Quarterly 12/1/18 -1.39 -1.25 -11.35

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 9/1/21 51.56 51.56 51.56 51.56 1 -- -- --
Annual 9/1/20 51.41 51.41 51.41 51.41 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 6.30 6.30 6.30 6.30 1 -- -- --
Annual 9/1/21 6.73 7.20 5.80 7.18 3 -- -- -6.44
Annual 9/1/20 6.08 6.69 5.34 6.20 3 -- -- -5.72
Quarterly 3/1/20 -4.81 -4.81 -4.81 -4.81 1 -- -- --
Quarterly 6/1/20 9.50 9.50 9.50 9.50 1 -- -- --
Quarterly 9/1/20 6.40 6.40 6.40 6.40 1 -- -- --
Quarterly 12/1/19 -4.33 -4.33 -4.33 -4.33 1 -- -- --

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 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
Quarterly 12/1/18 -4.22 -3.62 -16.57

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 2.67 2.67 2.67 2.67 1 -- -- --
Annual 9/1/21 2.51 2.58 2.45 2.50 4 -- -- 0.17
Annual 9/1/20 2.38 2.45 2.35 2.36 4 -- -- -0.24
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 12/1/19 0.58 0.58 0.58 0.58 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

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 9/1/22 499.65 500.60 498.70 499.65 2 -- -- 0.19
Annual 9/1/21 495.17 536.00 480.58 490.50 7 -- -- -1.28
Annual 9/1/20 459.56 485.00 449.50 455.50 7 -- -- -0.49
Quarterly 3/1/20 303.12 310.10 291.00 304.36 6 -- -- -0.87
Quarterly 6/1/20 268.98 278.00 258.00 268.00 6 -- -- -0.07
Quarterly 9/1/20 -41.76 -27.00 -50.00 -44.47 6 -- -- -0.40
Quarterly 12/1/19 -74.75 -70.00 -79.60 -75.00 6 -- -- 0.66

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 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
Quarterly 12/1/18 -78.90 -69.37 -13.74

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 9/1/22 628.00 628.00 628.00 628.00 1 -- -- --
Annual 9/1/21 617.92 631.00 584.00 623.15 7 -- -- -0.21
Annual 9/1/20 579.92 596.90 541.00 587.37 7 -- -- -0.11
Quarterly 3/1/20 334.78 343.10 313.00 338.35 6 -- -- 0.07
Quarterly 6/1/20 300.57 310.50 280.00 302.16 6 -- -- 0.50
Quarterly 9/1/20 -10.29 -4.00 -20.00 -10.15 6 -- -- -23.25
Quarterly 12/1/19 -44.15 -37.40 -48.00 -46.59 6 -- -- -1.77

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 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
Quarterly 12/1/18 -47.40 -39.26 -20.75

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 5.39 5.87 4.90 5.39 2 -- -- 9.90
Annual 9/1/21 5.36 5.87 4.43 5.50 5 -- -- --
Annual 9/1/20 4.86 5.16 4.13 5.01 5 -- -- --
Quarterly 3/1/20 3.69 3.84 3.55 3.68 4 -- -- --
Quarterly 6/1/20 3.29 3.39 3.13 3.31 4 -- -- --
Quarterly 9/1/20 -0.90 -0.58 -1.28 -0.87 4 -- -- --
Quarterly 12/1/19 -1.29 -1.18 -1.53 -1.23 4 -- -- --

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 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
Quarterly 12/1/18 -1.44 -1.12 -29.15

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 9/1/22 972.00 972.00 972.00 972.00 1 -- -- --
Annual 9/1/21 1,173.00 1,173.00 1,173.00 1,173.00 1 -- -- --
Annual 9/1/20 1,356.00 1,356.00 1,356.00 1,356.00 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 9/1/22 327.00 327.00 327.00 327.00 1 -- -- --
Annual 9/1/21 313.01 328.00 303.94 313.00 7 -- -- -1.47
Annual 9/1/20 283.36 288.00 277.00 282.65 7 -- -- -0.78
Quarterly 3/1/20 211.32 216.20 201.00 212.25 6 -- -- -1.11
Quarterly 6/1/20 186.57 196.00 176.00 185.85 6 -- -- 0.13
Quarterly 9/1/20 -45.14 -36.00 -51.00 -46.58 6 -- -- 0.07
Quarterly 12/1/19 -71.82 -66.52 -80.00 -71.15 6 -- -- -0.70

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 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
Quarterly 12/1/18 -77.00 -70.10 -9.84

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 9/1/21 171.01 473.91 -131.90 171.01 2 -- -- --
Annual 9/1/20 447.61 447.61 447.61 447.61 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 9/1/21 33.95 35.70 32.20 33.95 2 -- -- --
Annual 9/1/20 36.77 38.62 35.10 36.60 3 -- -- --

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 3,532.50 3,534.00 3,531.00 3,532.50 2 -- -- 0.04
Annual 9/1/21 3,421.96 3,495.00 3,385.67 3,412.50 8 -- -- -0.73
Annual 9/1/20 3,294.22 3,333.00 3,268.00 3,295.55 8 -- -- -0.35
Quarterly 3/1/20 1,234.43 1,254.50 1,222.00 1,229.50 7 -- -- -0.72
Quarterly 6/1/20 1,202.22 1,222.00 1,179.00 1,207.80 7 -- -- -0.36
Quarterly 9/1/20 518.51 529.00 502.00 520.30 7 -- -- -0.10
Quarterly 12/1/19 342.40 353.81 322.40 348.00 7 -- -- 0.09

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 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
Quarterly 12/1/18 298.10 287.25 3.78

Copyright Thomson Reuters Corporation