National Bank Financial Forecasts Reduced Earnings for Wajax

Wajax Co. (TSE:WJX) – Equities researchers at National Bank Financial cut their FY2025 earnings estimates for shares of Wajax in a research note issued to investors on Tuesday, April 8th. National Bank Financial analyst M. Sytchev now anticipates that the company will post earnings per share of $2.13 for the year, down from their prior estimate of $2.45. The consensus estimate for Wajax’s current full-year earnings is $3.49 per share.

A number of other analysts have also recently weighed in on WJX. National Bankshares lowered their price objective on Wajax from C$22.00 to C$20.00 and set a “sector perform” rating for the company in a research report on Wednesday. TD Securities cut their price objective on shares of Wajax from C$24.00 to C$22.00 and set a “buy” rating on the stock in a report on Wednesday, March 5th. Finally, Scotiabank downgraded shares of Wajax from an “outperform” rating to a “sector perform” rating and dropped their target price for the stock from C$24.00 to C$22.00 in a research report on Wednesday, March 5th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of C$22.00.

Wajax Trading Up 1.7 %

TSE:WJX opened at C$16.51 on Friday. The firm has a 50 day moving average of C$18.51 and a 200 day moving average of C$21.33. The company has a quick ratio of 0.71, a current ratio of 2.10 and a debt-to-equity ratio of 116.61. Wajax has a 52 week low of C$15.55 and a 52 week high of C$34.70. The stock has a market capitalization of C$360.82 million, a price-to-earnings ratio of 6.77, a PEG ratio of 0.50 and a beta of 1.80.

Wajax Company Profile

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.