National Bank Financial Expects Weaker Earnings for Wajax

Wajax Co. (TSE:WJX) – Equities researchers at National Bank Financial dropped their Q1 2025 earnings per share estimates for Wajax in a report released on Tuesday, March 4th. National Bank Financial analyst M. Sytchev now forecasts that the company will post earnings of $0.59 per share for the quarter, down from their previous estimate of $0.71. The consensus estimate for Wajax’s current full-year earnings is $3.49 per share. National Bank Financial also issued estimates for Wajax’s Q2 2025 earnings at $0.89 EPS, Q3 2025 earnings at $0.48 EPS, Q4 2025 earnings at $0.50 EPS, FY2025 earnings at $2.45 EPS and FY2026 earnings at $2.65 EPS.

WJX has been the topic of several other research reports. Scotiabank cut shares of Wajax from an “outperform” rating to a “sector perform” rating and lowered their price objective for the stock from C$24.00 to C$22.00 in a research note on Wednesday. BMO Capital Markets dropped their price target on Wajax from C$28.00 to C$24.00 in a report on Wednesday, November 6th. Finally, TD Securities cut their price objective on Wajax from C$24.00 to C$22.00 and set a “buy” rating for the company in a research report on Wednesday. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, Wajax currently has an average rating of “Hold” and a consensus target price of C$23.50.

Wajax Stock Up 1.7 %

Shares of Wajax stock opened at C$17.60 on Thursday. The company has a market capitalization of C$384.64 million, a P/E ratio of 7.21, a PEG ratio of 0.50 and a beta of 1.80. The business’s fifty day moving average price is C$20.76 and its two-hundred day moving average price is C$22.82. Wajax has a 1-year low of C$16.50 and a 1-year high of C$34.70. The company has a debt-to-equity ratio of 116.61, a current ratio of 2.10 and a quick ratio of 0.71.

Wajax Company Profile

Wajax Corporation provides equipment, parts, and services to construction, forestry, mining, industrial and commercial, oil sands, transportation, metal processing, government, utilities, and oil and gas sectors. The company offers compact excavators, dump trucks, excavators, wheel loaders, and wheeled excavators; aerial devices, boom lifts, cranes, digger derricks, drills, lifts, and material and scissor lifts; marine, off and on highway engines, and transmissions; and feller bunchers, felling heads, flail debarkers, forwarders, grinders, harvesting heads, log loaders, mulchers, skidders, track and wheel harvesters, and woodchippers.