National Bank Financial Predicts Wajax FY2025 Earnings

Wajax Co. (TSE:WJX - Free Report) - Equities researchers at National Bank Financial decreased their FY2025 EPS estimates for shares of Wajax in a research report issued to clients and investors on Tuesday, April 8th. National Bank Financial analyst M. Sytchev now anticipates that the company will earn $2.13 per share for the year, down from their prior estimate of $2.45. The consensus estimate for Wajax's current full-year earnings is $3.49 per share.

Other research analysts have also recently issued reports about the stock. National Bankshares reduced their price target on shares of Wajax from C$22.00 to C$20.00 and set a "sector perform" rating on the stock in a research report on Wednesday, April 9th. TD Securities cut their price objective on Wajax from C$24.00 to C$22.00 and set a "buy" rating on the stock in a research note on Wednesday, March 5th. Finally, Scotiabank cut shares of Wajax from an "outperform" rating to a "sector perform" rating and cut their target price for the stock from C$24.00 to C$22.00 in a report on Wednesday, March 5th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of C$22.00.

Wajax Trading Down 0.2 %

Shares of Wajax stock traded down C$0.03 during trading hours on Friday, reaching C$16.79. 17,337 shares of the company's stock were exchanged, compared to its average volume of 70,261. The firm has a market capitalization of C$366.94 million, a price-to-earnings ratio of 6.88, a price-to-earnings-growth ratio of 0.50 and a beta of 1.80. Wajax has a 52-week low of C$15.55 and a 52-week high of C$34.70. The company has a current ratio of 2.10, a quick ratio of 0.71 and a debt-to-equity ratio of 116.61. The company has a fifty day moving average of C$18.35 and a 200-day moving average of C$21.19.

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.