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: 2.48
Hist (5 Yr) Growth %: 27.27
Yield (%): 1.56

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 7.66 7.74 7.55 7.69 3 3 -- 13.93
Annual 9/1/21 7.21 7.85 6.58 7.18 8 7 1 15.40
Annual 9/1/20 6.75 6.85 6.65 6.77 7 7 -- 16.49
Quarterly 3/1/21 4.68 5.10 4.37 4.56 5 5 -- 5.58
Quarterly 6/1/21 3.99 4.34 3.50 4.05 5 4 1 14.95
Quarterly 9/1/20 -0.41 -0.34 -0.53 -0.40 5 5 -- 55.07
Quarterly 12/1/20 -1.16 -0.89 -1.35 -1.22 5 1 4 -9.83

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 6/1/20 3.80 3.37 12.65
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

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 61.46 61.46 61.46 61.46 1 1 -- 5.31
Annual 9/1/21 60.18 60.18 60.18 60.18 1 1 -- -3.50
Annual 9/1/20 63.14 63.14 63.14 63.14 1 1 -- 4.80

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 8.70 9.35 8.04 8.70 2 1 -- 4.44
Annual 9/1/21 7.02 7.20 6.83 7.02 2 -- 1 -12.15
Annual 9/1/20 6.64 7.03 6.24 6.64 2 1 -- 22.42

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 2.70 2.76 2.64 2.70 2 1 -- -1.46
Annual 9/1/21 2.54 2.58 2.51 2.54 3 1 -- -1.04
Annual 9/1/20 2.36 2.36 2.36 2.36 2 1 -- -1.53
Quarterly 3/1/21 0.62 0.62 0.62 0.62 1 -- -- --
Quarterly 6/1/21 0.62 0.62 0.62 0.62 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 6/1/20 0.62 0.58 6.90
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 9/1/22 624.80 637.60 614.00 622.80 3 3 -- 13.30
Annual 9/1/21 621.28 660.00 587.80 613.00 6 6 -- 15.06
Annual 9/1/20 579.02 586.00 566.10 580.40 6 6 -- 12.41
Quarterly 3/1/21 364.30 379.00 351.70 362.20 3 3 -- 1.60
Quarterly 6/1/21 328.53 343.20 317.70 324.70 3 3 -- 13.96
Quarterly 9/1/20 -14.78 -7.00 -26.90 -14.00 5 5 -- 70.91
Quarterly 12/1/20 -69.63 -60.20 -77.20 -71.50 3 1 2 -9.83

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 6/1/20 300.40 270.76 10.95
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

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 9/1/22 769.03 783.00 761.60 762.50 3 3 -- 13.34
Annual 9/1/21 740.09 787.90 653.71 747.82 6 5 -- 12.54
Annual 9/1/20 722.69 741.86 696.00 724.00 5 5 -- 14.06
Quarterly 3/1/21 416.47 443.32 393.20 412.90 3 3 -- 5.99
Quarterly 6/1/21 351.68 377.70 321.65 355.70 3 2 1 8.87
Quarterly 9/1/20 24.72 37.46 16.20 22.60 4 4 -- 219.55
Quarterly 12/1/20 -43.95 -29.90 -55.76 -46.20 3 1 2 -30.44

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 6/1/20 345.10 301.85 14.33
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

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 7.62 7.69 7.55 7.62 2 2 -- 17.50
Annual 9/1/21 7.42 7.85 6.98 7.43 4 4 -- 19.14
Annual 9/1/20 6.41 6.72 6.10 6.42 3 3 -- 15.07
Quarterly 3/1/21 4.62 4.86 4.37 4.62 2 2 -- 3.48
Quarterly 6/1/21 4.11 4.34 3.87 4.11 2 2 -- 22.72
Quarterly 9/1/20 -0.51 -0.34 -0.67 -0.51 2 1 1 42.94
Quarterly 12/1/20 -0.98 -0.89 -1.06 -0.98 2 1 1 2.01

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 6/1/20 3.55 3.12 13.96
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

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 9/1/22 946.00 946.00 946.00 946.00 1 1 -- 27.84
Annual 9/1/21 1,279.00 1,279.00 1,279.00 1,279.00 1 1 -- 22.74
Annual 9/1/20 1,578.00 1,578.00 1,578.00 1,578.00 1 1 -- 21.01

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 9/1/22 431.73 435.00 427.00 433.20 3 3 -- 15.42
Annual 9/1/21 408.25 448.00 360.00 410.90 6 5 -- 16.62
Annual 9/1/20 382.72 389.10 367.00 385.00 5 5 -- 16.89
Quarterly 3/1/21 266.30 275.40 257.20 266.30 2 2 -- 4.78
Quarterly 6/1/21 239.75 248.90 230.60 239.75 2 2 -- 18.86
Quarterly 9/1/20 -21.50 -19.10 -23.80 -21.55 4 4 -- 58.83
Quarterly 12/1/20 -64.75 -59.20 -70.30 -64.75 2 -- 2 -8.73

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 6/1/20 216.80 188.30 15.14
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

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 9/1/22 -134.80 -134.80 -134.80 -134.80 1 -- -- --
Annual 9/1/21 173.10 481.00 -134.80 173.10 2 -- -- -64.01
Annual 9/1/20 138.51 457.82 -180.80 138.51 2 -- -- -69.75
Quarterly 9/1/20 -60.00 -60.00 -60.00 -60.00 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 49.10 49.10 49.10 49.10 1 -- -- 29.89
Annual 9/1/21 53.90 54.30 53.50 53.90 2 -- -- 45.68
Annual 9/1/20 54.30 55.70 52.90 54.30 2 -- -- 33.09

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 4,228.97 4,338.00 4,090.00 4,258.90 3 3 -- 10.14
Annual 9/1/21 4,114.56 4,279.00 3,967.00 4,112.50 6 6 -- 8.75
Annual 9/1/20 4,030.19 4,045.00 4,008.00 4,032.73 6 6 -- 10.16
Quarterly 3/1/21 1,464.62 1,537.20 1,418.80 1,451.25 4 4 -- 5.11
Quarterly 6/1/21 1,424.78 1,471.50 1,336.71 1,445.45 4 3 1 3.54
Quarterly 9/1/20 790.03 804.00 766.90 794.87 5 5 -- 36.22
Quarterly 12/1/20 461.57 494.89 431.90 459.75 4 4 -- 14.51

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 6/1/20 1,492.70 1,305.53 14.34
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

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