National Bank Financial Expects Stronger Earnings for Wajax

Wajax Co. (TSE:WJX) – Stock analysts at National Bank Financial increased their Q3 2025 EPS estimates for Wajax in a research note issued to investors on Monday, May 5th. National Bank Financial analyst M. Sytchev now forecasts that the company will post earnings of $0.44 per share for the quarter, up from their prior forecast of $0.42. The consensus estimate for Wajax’s current full-year earnings is $3.49 per share. National Bank Financial also issued estimates for Wajax’s Q4 2025 earnings at $0.45 EPS and FY2025 earnings at $2.23 EPS.

Several other brokerages have also weighed in on WJX. TD Securities increased their target price on shares of Wajax from C$21.00 to C$24.00 and gave the stock a “buy” rating in a research note on Wednesday. Scotiabank lifted their target price on shares of Wajax from C$22.00 to C$23.50 and gave the company a “sector perform” rating in a report on Wednesday. BMO Capital Markets upped their price target on Wajax from C$20.00 to C$22.00 in a research note on Tuesday. Finally, National Bankshares lowered their price target 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, April 9th.

Wajax Stock Performance

TSE WJX opened at C$21.12 on Thursday. The stock has a market cap of C$461.57 million, a PE ratio of 8.66, a P/E/G ratio of 0.50 and a beta of 1.80. Wajax has a twelve month low of C$15.55 and a twelve month high of C$27.49. The stock has a fifty day simple moving average of C$17.57 and a 200-day simple moving average of C$20.34. The company has a current ratio of 2.10, a quick ratio of 0.71 and a debt-to-equity ratio of 116.61.

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.