Q1 EPS Estimates for Wajax Cut by National Bank Financial

Wajax Co. (TSE:WJX - Free Report) - Stock analysts at National Bank Financial cut their Q1 2025 earnings per share estimates for shares of Wajax in a research report issued to clients and investors on Tuesday, March 4th. National Bank Financial analyst M. Sytchev now expects that the company will post earnings of $0.59 per share for the quarter, down from their previous estimate of $0.71. The consensus estimate for Wajax's current full-year earnings is $3.49 per share. National Bank Financial also issued estimates for Wajax's Q2 2025 earnings at $0.89 EPS, Q3 2025 earnings at $0.48 EPS, Q4 2025 earnings at $0.50 EPS, FY2025 earnings at $2.45 EPS and FY2026 earnings at $2.65 EPS.

A number of other brokerages have also recently issued reports on WJX. Scotiabank cut shares of Wajax from an "outperform" rating to a "sector perform" rating and reduced their price objective for the company from C$24.00 to C$22.00 in a research note on Wednesday, March 5th. TD Securities decreased their price objective on Wajax from C$24.00 to C$22.00 and set a "buy" rating for the company in a research note on Wednesday, March 5th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of C$23.50.

Wajax Trading Down 2.9 %

TSE:WJX traded down C$0.54 during trading hours on Thursday, hitting C$18.28. 142,045 shares of the stock were exchanged, compared to its average volume of 66,707. The company's 50 day moving average is C$20.57 and its two-hundred day moving average is C$22.68. The company has a market capitalization of C$399.50 million, a P/E ratio of 7.49, a price-to-earnings-growth ratio of 0.50 and a beta of 1.80. Wajax has a twelve month low of C$16.50 and a twelve month high of C$34.70. The company has a quick ratio of 0.71, a current ratio of 2.10 and a debt-to-equity ratio of 116.61.

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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.