What is Scotiabank's Forecast for Wajax FY2026 Earnings?

Key Points

• Scotiabank raised its FY2026 EPS forecast for Wajax to C$3.20, up from C$3.13, while maintaining a “Sector Perform” rating and a C$36.00 price target.
• Wajax’s forecast remains below the broader consensus estimate of C$3.49 per share. Analysts collectively assign the stock a “Moderate Buy” rating with a consensus price target of C$37.50.
• Wajax shares opened at C$35.95, with the company reporting C$0.82 quarterly EPS and C$515.67 million in revenue in its latest earnings release.

Wajax Co. (TSE:WJX - Free Report) - Stock analysts at Scotiabank boosted their FY2026 earnings estimates for shares of Wajax in a research note issued on Thursday, October 22nd. Scotiabank analyst J. Goldman now anticipates that the company will earn $3.20 per share for the year, up from their prior forecast of $3.13. Scotiabank has a "Sector Perform" rating and a $36.00 price target on the stock. The consensus estimate for Wajax's current full-year earnings is $3.49 per share.

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

Wajax Trading Down 0.9%

Shares of TSE WJX opened at C$35.95 on Monday. Wajax has a fifty-two week low of C$24.31 and a fifty-two week high of C$40.00. The company has a market cap of C$782.99 million, a price-to-earnings ratio of 12.23, a PEG ratio of 0.50 and a beta of 0.18. The business's 50 day moving average price is C$33.00 and its 200-day moving average price is C$31.78. The company has a debt-to-equity ratio of 66.87, a quick ratio of 0.71 and a current ratio of 1.92.

Wajax (TSE:WJX - Get Free Report) last announced its earnings results on Thursday, August 6th. The company reported C$0.82 earnings per share (EPS) for the quarter. The business had revenue of C$515.67 million during the quarter. Wajax had a return on equity of 12.07% and a net margin of 3.18%.

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. It sells to leading manufacturer brands such as Hitachi, JCB, Bell, Hyster, Palfinger and other similar industries.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.