What is Scotiabank’s Estimate for Wajax FY2027 Earnings?

Wajax Co. (TSE:WJX) – Analysts at Scotiabank raised their FY2027 EPS estimates for Wajax in a research note issued on Wednesday, August 19th. Scotiabank analyst J. Goldman now expects that the company will post earnings per share of $3.65 for the year, up from their prior estimate of $3.60. Scotiabank has a “Sector Perform” rating and a $36.00 price objective on the stock. The consensus estimate for Wajax’s current full-year earnings is $3.49 per share.

WJX has been the topic of several other research reports. National Bank Financial upped their price objective on shares of Wajax from C$34.00 to C$36.00 and gave the stock an “outperform” rating in a report on Monday, August 10th. TD reduced their price objective on shares of Wajax from C$35.00 to C$34.00 and set a “hold” rating for the company in a report on Monday, August 10th. One analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of C$34.80.

Wajax Trading Down 1.9%

TSE WJX opened at C$29.53 on Monday. The company has a market cap of C$643.16 million, a price-to-earnings ratio of 10.04, a P/E/G ratio of 0.50 and a beta of 0.44. The business has a 50 day moving average price of C$31.66 and a 200-day moving average price of C$31.17. The company has a quick ratio of 0.71, a current ratio of 1.92 and a debt-to-equity ratio of 66.87. Wajax has a 52 week low of C$22.43 and a 52 week high of C$35.00.

Wajax (TSE:WJX) last announced its quarterly earnings data on Thursday, August 6th. The company reported C$0.82 earnings per share for the quarter. Wajax had a net margin of 3.18% and a return on equity of 12.07%. The firm had revenue of C$515.67 million for the quarter.

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. It sells to leading manufacturer brands such as Hitachi, JCB, Bell, Hyster, Palfinger and other similar industries.