What is Scotiabank’s Estimate for Wajax FY2024 Earnings?

Wajax Co. (TSE:WJX) – Research analysts at Scotiabank decreased their FY2024 earnings per share estimates for shares of Wajax in a research note issued on Wednesday, January 8th. Scotiabank analyst J. Goldman now forecasts that the company will earn $2.47 per share for the year, down from their previous estimate of $3.21. The consensus estimate for Wajax’s current full-year earnings is $3.49 per share. Scotiabank also issued estimates for Wajax’s FY2025 earnings at $2.67 EPS.

Several other brokerages also recently issued reports on WJX. National Bankshares set a C$26.00 target price on shares of Wajax and gave the company a “sector perform” rating in a research note on Friday, September 27th. National Bank Financial raised Wajax to a “hold” rating in a research report on Thursday, September 26th. TD Securities reduced their target price on Wajax from C$30.00 to C$24.00 and set a “buy” rating for the company in a research note on Wednesday, November 6th. Finally, BMO Capital Markets dropped their price target on Wajax from C$28.00 to C$24.00 in a research note on Wednesday, November 6th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, Wajax has a consensus rating of “Hold” and an average target price of C$24.50.

Wajax Stock Performance

Shares of WJX stock opened at C$20.30 on Monday. The company has a fifty day moving average price of C$21.69 and a two-hundred day moving average price of C$24.08. Wajax has a one year low of C$20.05 and a one year high of C$34.96. The stock has a market cap of C$441.12 million, a P/E ratio of 6.49, a P/E/G ratio of 0.50 and a beta of 1.80. The company has a debt-to-equity ratio of 103.38, a current ratio of 1.91 and a quick ratio of 0.71.

Wajax Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 7th. Investors of record on Monday, December 16th were paid a $0.35 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a $1.40 annualized dividend and a dividend yield of 6.90%. Wajax’s dividend payout ratio (DPR) is presently 44.73%.

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.