Brokers Set Expectations for Wajax's Q2 Earnings (TSE:WJX)

Wajax Co. (TSE:WJX - Free Report) - Investment analysts at National Bank Financial increased their Q2 2025 earnings per share (EPS) estimates for Wajax in a research note issued on Monday, July 14th. National Bank Financial analyst M. Sytchev now expects that the company will post earnings of $0.74 per share for the quarter, up from their previous forecast of $0.68. The consensus estimate for Wajax's current full-year earnings is $3.49 per share. National Bank Financial also issued estimates for Wajax's Q3 2025 earnings at $0.60 EPS and FY2025 earnings at $2.57 EPS.

Several other research firms have also recently weighed in on WJX. BMO Capital Markets boosted their target price on Wajax from C$20.00 to C$22.00 in a research note on Tuesday, May 6th. Scotiabank lifted their price target on Wajax from C$22.00 to C$23.50 and gave the stock a "sector perform" rating in a research report on Wednesday, May 7th. National Bankshares cut their price target on 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. Finally, TD Securities lowered Wajax from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, May 27th.

Wajax Stock Up 0.8%

WJX stock traded up C$0.18 during trading on Thursday, hitting C$23.32. 14,874 shares of the company's stock were exchanged, compared to its average volume of 58,075. The business has a 50-day moving average price of C$22.99 and a two-hundred day moving average price of C$20.46. The stock has a market capitalization of C$509.65 million, a price-to-earnings ratio of 9.56, a PEG 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$26.93. The company has a current ratio of 2.10, a quick ratio of 0.71 and a debt-to-equity ratio of 116.61.

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.