Wajax FY2024 EPS Decreased by National Bank Financial

Wajax Co. (TSE:WJX - Free Report) - National Bank Financial dropped their FY2024 earnings per share estimates for shares of Wajax in a research report issued to clients and investors on Monday, November 4th. National Bank Financial analyst M. Sytchev now forecasts that the company will post earnings of $2.42 per share for the year, down from their prior estimate of $3.11. National Bank Financial currently has a "Hold" rating on the stock. 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 2024 earnings at $0.38 EPS and FY2025 earnings at $2.66 EPS.

Wajax (TSE:WJX - Get Free Report) last posted its quarterly earnings data on Thursday, August 8th. The company reported C$1.06 EPS for the quarter. The company had revenue of C$568.30 million during the quarter. Wajax had a net margin of 3.32% and a return on equity of 14.06%.

WJX has been the topic of several other reports. 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. TD Securities reduced their price objective on Wajax from C$30.00 to C$24.00 and set a "buy" rating for the company in a research note on Wednesday. BMO Capital Markets decreased their price objective on Wajax from C$28.00 to C$24.00 in a research report on Wednesday. Finally, Scotiabank reduced their price target on shares of Wajax from C$29.00 to C$24.00 in a research report on Wednesday. Four analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of C$24.50.

Wajax Trading Up 2.0 %

Shares of WJX stock traded up C$0.42 during trading hours on Thursday, reaching C$21.42. 110,090 shares of the stock traded hands, compared to its average volume of 35,512. The company has a quick ratio of 0.71, a current ratio of 1.91 and a debt-to-equity ratio of 103.38. The firm has a market capitalization of C$465.46 million, a PE ratio of 6.71, a PEG ratio of 0.50 and a beta of 1.80. Wajax has a 1-year low of C$20.44 and a 1-year high of C$34.96. The business has a fifty day moving average price of C$25.02 and a 200 day moving average price of C$26.03.

About Wajax

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.