Equities Analysts Set Expectations for Wajax FY2027 Earnings

Key Points

• Scotiabank raised its FY2027 EPS estimate for Wajax to C$3.83 from C$3.65, above the broader consensus forecast of C$3.49. The bank maintained a “Sector Perform” rating and a C$36 price target.
• Wajax reported quarterly EPS of C$0.82 on revenue of C$515.67 million, with a 3.18% net margin and 12.07% return on equity.
• Analyst sentiment is broadly positive, with a consensus “Moderate Buy” rating and average price target of C$37.50; individual targets range from C$34 to C$45.

Wajax Co. (TSE:WJX - Free Report) - Stock analysts at Scotiabank raised their FY2027 EPS estimates for shares of Wajax in a research report issued to clients and investors on Thursday, October 22nd. Scotiabank analyst J. Goldman now expects that the company will post earnings per share of $3.83 for the year, up from their previous forecast of $3.65. 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.

Wajax (TSE:WJX - Get Free Report) last released its quarterly earnings results 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.

Several other analysts have also recently weighed in on WJX. TD lowered their price target on Wajax from C$35.00 to C$34.00 and set a "hold" rating on the stock in a report on Monday, August 10th. National Bank Financial upped their price objective on shares of Wajax from C$36.00 to C$42.00 and gave the stock an "outperform" rating in a research report on Thursday, October 15th. Finally, Stifel Nicolaus set a C$45.00 target price on shares of Wajax and gave the company a "buy" rating in a research note on Wednesday, September 30th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of C$37.50.

Wajax Price Performance

TSE:WJX opened at C$36.29 on Friday. Wajax has a 52-week low of C$23.97 and a 52-week high of C$40.00. The stock has a fifty day moving average of C$32.90 and a 200 day moving average of C$31.75. The company has a debt-to-equity ratio of 66.87, a quick ratio of 0.71 and a current ratio of 1.92. The firm has a market capitalization of C$790.40 million, a price-to-earnings ratio of 12.34, a P/E/G ratio of 0.50 and a beta of 0.18.

About Wajax

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.

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