What is Scotiabank’s Forecast for Wajax FY2027 Earnings?

Wajax Co. (TSE:WJX) – Investment analysts at Scotiabank lifted their FY2027 earnings per share estimates for Wajax in a research note issued to investors on Thursday, October 22nd. Scotiabank analyst J. Goldman now anticipates that the company will earn $3.83 per share for the year, up from their previous forecast of $3.65. Scotiabank has a “Sector Perform” rating and a $36.00 price objective on the stock. The consensus estimate for Wajax’s current full-year earnings is $3.49 per share.

A number of other equities analysts have also recently commented on the stock. TD decreased their target price on shares of 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. Stifel Nicolaus set a C$45.00 price target on shares of Wajax and gave the stock a “buy” rating in a research note on Wednesday, September 30th. Finally, National Bank Financial upped their price target on shares of Wajax from C$36.00 to C$42.00 and gave the company an “outperform” rating in a research report on Thursday, October 15th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, Wajax currently has a consensus rating of “Moderate Buy” and a consensus price target of C$37.50.

Wajax Trading Down 0.8%

Shares of WJX opened at C$36.29 on Friday. Wajax has a fifty-two week low of C$23.97 and a fifty-two week high of C$40.00. The firm has a market cap of C$790.40 million, a price-to-earnings ratio of 12.34, a PEG ratio of 0.50 and a beta of 0.18. The firm has a 50 day moving average price of C$32.90 and a 200-day moving average price of C$31.75. The company has a debt-to-equity ratio of 66.87, a quick ratio of 0.71 and a current ratio of 1.92.

Wajax (TSE:WJX) last posted its quarterly earnings results on Thursday, August 6th. The company reported C$0.82 EPS for the quarter. The firm 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%.

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.