Research Analysts Set Expectations for Wajax FY2027 Earnings

Wajax Co. (TSE:WJX) – Scotiabank raised their FY2027 earnings per share (EPS) estimates for Wajax in a research note issued to investors on Wednesday, May 6th. Scotiabank analyst J. Goldman now anticipates that the company will post earnings per share of $3.76 for the year, up from their prior forecast of $3.72. Scotiabank has a “Sector Perform” rating and a $37.00 price objective on the stock. The consensus estimate for Wajax’s current full-year earnings is $3.49 per share.

WJX has been the subject of a number of other reports. BMO Capital Markets decreased their target price on Wajax from C$40.00 to C$34.00 and set a “market perform” rating for the company in a research report on Wednesday, March 4th. TD Securities raised their target price on Wajax from C$28.00 to C$34.00 and gave the stock a “hold” rating in a research report on Wednesday, March 4th. National Bank Financial decreased their target price on Wajax from C$37.00 to C$34.00 and set an “outperform” rating for the company in a research report on Wednesday. Finally, TD decreased their target price on Wajax from C$35.00 to C$33.00 and set a “hold” rating for the company in a research report on Wednesday. One analyst has rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, Wajax has an average rating of “Hold” and an average price target of C$34.40.

Wajax Stock Performance

TSE:WJX opened at C$29.33 on Thursday. The company has a debt-to-equity ratio of 72.41, a current ratio of 1.88 and a quick ratio of 0.71. The business has a fifty day simple moving average of C$32.25 and a two-hundred day simple moving average of C$29.19. Wajax has a 1 year low of C$20.61 and a 1 year high of C$34.88. The company has a market capitalization of C$639.92 million, a P/E ratio of 10.51, a P/E/G ratio of 0.50 and a beta of 0.59.

Wajax (TSE:WJX) last released its earnings results on Monday, May 4th. The company reported C$0.65 earnings per share (EPS) for the quarter. Wajax had a return on equity of 11.63% and a net margin of 2.97%.The business had revenue of C$502.07 million during the quarter.

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.