What is Scotiabank’s Estimate for Wajax FY2025 Earnings?

Wajax Co. (TSE:WJX) – Investment analysts at Scotiabank cut their FY2025 earnings per share (EPS) estimates for shares of Wajax in a research note issued on Wednesday, March 19th. Scotiabank analyst J. Goldman now forecasts that the company will earn $2.34 per share for the year, down from their prior forecast of $2.67. Scotiabank has a “Sector Perform” rating and a $22.00 price objective on the stock. The consensus estimate for Wajax’s current full-year earnings is $3.49 per share.

Separately, TD Securities reduced their target price on shares of Wajax from C$24.00 to C$22.00 and set a “buy” rating for the company in a research report on Wednesday, March 5th. Four equities research 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, the stock presently has a consensus rating of “Hold” and a consensus price target of C$23.50.

Wajax Price Performance

WJX opened at C$17.91 on Monday. Wajax has a fifty-two week low of C$16.50 and a fifty-two week high of C$34.70. The firm has a 50-day moving average of C$19.92 and a 200 day moving average of C$22.14. The company has a debt-to-equity ratio of 116.61, a quick ratio of 0.71 and a current ratio of 2.10. The firm has a market cap of C$391.41 million, a P/E ratio of 7.34, a PEG ratio of 0.50 and a beta of 1.80.

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.