Scotiabank Has Bullish Forecast for Wajax FY2026 Earnings

Wajax Co. (TSE:WJX) – Equities researchers at Scotiabank lifted their FY2026 EPS estimates for shares of Wajax in a research note issued on Thursday, October 22nd. Scotiabank analyst J. Goldman now forecasts that the company will earn $3.20 per share for the year, up from their prior forecast of $3.13. 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 released its quarterly earnings results on Thursday, August 6th. The company reported C$0.82 EPS for the quarter. The company 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 brokerages have also recently commented on WJX. TD dropped their target price on Wajax from C$35.00 to C$34.00 and set a “hold” rating on the stock in a report on Monday, August 10th. Stifel Nicolaus set a C$45.00 price target on Wajax and gave the company a “buy” rating in a research note on Wednesday, September 30th. Finally, National Bank Financial lifted their price target on 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 analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, Wajax has an average rating of “Moderate Buy” and an average price target of C$37.50.

Wajax Trading Up 0.9%

Wajax stock opened at C$36.26 on Monday. Wajax has a 12-month low of C$24.36 and a 12-month high of C$40.00. The company has a debt-to-equity ratio of 66.87, a current ratio of 1.92 and a quick ratio of 0.71. The stock has a market capitalization of C$789.74 million, a PE ratio of 12.33, a price-to-earnings-growth ratio of 0.50 and a beta of 0.18. The firm has a 50 day simple moving average of C$33.12 and a 200-day simple moving average of C$31.45.

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.