FY2027 Earnings Estimate for Wajax Issued By Scotiabank

Wajax Co. (TSE:WJX) – Research analysts at Scotiabank increased their FY2027 EPS estimates for shares of Wajax in a research report issued to clients and investors on Wednesday, August 19th. Scotiabank analyst J. Goldman now forecasts that the company will post earnings per share of $3.65 for the year, up from their prior forecast of $3.60. Scotiabank has a “Sector Perform” rating and a $36.00 price target on the stock. The consensus estimate for Wajax’s current full-year earnings is $3.49 per share.

Wajax (TSE:WJX) last issued its quarterly earnings results on Thursday, August 6th. The company reported C$0.82 earnings per share (EPS) for the quarter. The business had revenue of C$515.67 million for the quarter. Wajax had a net margin of 3.18% and a return on equity of 12.07%.

Several other equities analysts also recently issued reports on the company. TD cut their target price on Wajax from C$35.00 to C$34.00 and set a “hold” rating on the stock in a research report on Monday, August 10th. National Bank Financial lifted their price target on Wajax from C$34.00 to C$36.00 and gave the stock an “outperform” rating in a research report on Monday, August 10th. One equities research analyst has rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, Wajax currently has an average rating of “Hold” and an average price target of C$34.80.

Wajax Trading Down 1.0%

TSE:WJX opened at C$29.22 on Monday. Wajax has a 12 month low of C$22.43 and a 12 month high of C$35.00. The firm has a fifty day simple moving average of C$31.66 and a 200-day simple moving average of C$31.17. The company has a current ratio of 1.92, a quick ratio of 0.71 and a debt-to-equity ratio of 66.87. The company has a market capitalization of C$636.41 million, a P/E ratio of 9.94, a PEG ratio of 0.50 and a beta of 0.44.

About Wajax

Wajax Corp is a Canadian distributor of industrial components. The company’s core business is the sale of parts and service support of equipment, power systems, and industrial components through a network of branches in Canada. Most of its revenue is generated from the sale of equipment which includes machinery and components used for construction purposes and its industrial components find utility in businesses like mining, forestry, and material handling for other industrial purposes. It sells to leading manufacturer brands such as Hitachi, JCB, Bell, Hyster, Palfinger and other similar industries.