What is Scotiabank’s Forecast for Wajax FY2026 Earnings?

Wajax Co. (TSE:WJX) – Analysts at Scotiabank raised their FY2026 earnings estimates for shares of Wajax in a research report issued to clients and investors on Friday, May 1st. Scotiabank analyst J. Goldman now forecasts that the company will post earnings of $3.42 per share for the year, up from their previous estimate of $3.39. Scotiabank currently has a “Sector Perform” rating and a $38.00 target price on the stock. The consensus estimate for Wajax’s current full-year earnings is $3.49 per share.

Other research analysts have also recently issued reports about the company. National Bank Financial raised Wajax from a “hold” rating to an “outperform” rating and lifted their price target for the company from C$27.00 to C$37.00 in a report on Tuesday, March 3rd. TD Securities lifted their price target on Wajax from C$28.00 to C$34.00 and gave the company a “hold” rating in a report on Wednesday, March 4th. Finally, BMO Capital Markets cut their price target on Wajax from C$40.00 to C$34.00 and set a “market perform” rating for the company in a report on Wednesday, March 4th. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of C$35.75.

Wajax Stock Performance

Wajax stock opened at C$33.94 on Tuesday. The stock has a 50-day simple moving average of C$32.32 and a 200 day simple moving average of C$29.10. The company has a quick ratio of 0.71, a current ratio of 2.14 and a debt-to-equity ratio of 78.49. Wajax has a 12-month low of C$17.99 and a 12-month high of C$34.88. The stock has a market capitalization of C$740.50 million, a price-to-earnings ratio of 13.16, a P/E/G ratio of 0.50 and a beta of 0.59.

Wajax (TSE:WJX) last released its quarterly 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 10.91% and a net margin of 2.68%.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.