National Bank Financial Expects Lower Earnings for Wajax

Wajax Co. (TSE:WJX - Free Report) - Equities research analysts at National Bank Financial lowered their Q1 2025 EPS estimates for Wajax in a report released on Tuesday, April 8th. National Bank Financial analyst M. Sytchev now expects that the company will post earnings of $0.50 per share for the quarter, down from their prior forecast of $0.59. 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 $0.76 EPS, Q3 2025 earnings at $0.42 EPS and Q4 2025 earnings at $0.43 EPS.

WJX has been the topic of a number of other research reports. TD Securities lowered their target price 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. National Bankshares reduced their price target on Wajax from C$22.00 to C$20.00 and set a "sector perform" rating for the company in a report on Wednesday, April 9th. Finally, Scotiabank downgraded shares of Wajax from an "outperform" rating to a "sector perform" rating and reduced their price target for the stock from C$24.00 to C$22.00 in a research report on Wednesday, March 5th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of C$22.00.

Wajax Stock Up 1.0 %

TSE WJX traded up C$0.16 during midday trading on Thursday, hitting C$16.84. 15,402 shares of the company traded hands, compared to its average volume of 70,738. The company has a market cap of C$368.03 million, a PE ratio of 6.90, a price-to-earnings-growth ratio of 0.50 and a beta of 1.80. The company has a debt-to-equity ratio of 116.61, a current ratio of 2.10 and a quick ratio of 0.71. Wajax has a 52 week low of C$15.55 and a 52 week high of C$34.70. The company's 50-day simple moving average is C$18.43 and its 200-day simple moving average is C$21.25.

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.