Research Analysts Set Expectations for Wajax FY2026 Earnings

Key Points

• Scotiabank trimmed its FY2026 EPS estimate for Wajax to $3.39 (from $3.46) and kept a "Sector Perform" rating with a C$34.00 price target, versus a consensus FY estimate of $3.49 per share.
• Analyst actions are mixed: BMO cut its target to C$34 (market perform), National Bank upgraded to Outperform and raised its target to C$37, and TD lifted its target to C$34 (hold), leaving an average analyst rating of Hold and a consensus target of C$34.75.
• Wajax shares trade near C$33.66 (12‑month range C$15.55–C$34.88) with a market cap of ~C$732M and a PE of 16.11; the company posted C$0.71 EPS on C$560.05M revenue in the most recent quarter.

Wajax Co. (TSE:WJX - Free Report) - Research analysts at Scotiabank reduced their FY2026 earnings per share (EPS) estimates for Wajax in a report issued on Thursday, March 5th. Scotiabank analyst J. Goldman now anticipates that the company will post earnings of $3.39 per share for the year, down from their prior forecast of $3.46. Scotiabank has a "Sector Perform" rating and a $34.00 price objective on the stock. The consensus estimate for Wajax's current full-year earnings is $3.49 per share.

Other analysts also recently issued reports about the stock. BMO Capital Markets reduced their price target on shares of Wajax from C$40.00 to C$34.00 and set a "market perform" rating for the company in a report on Wednesday, March 4th. National Bank Financial upgraded shares of Wajax from a "hold" rating to an "outperform" rating and boosted their price objective for the stock from C$27.00 to C$37.00 in a report on Tuesday, March 3rd. Finally, TD Securities upped their price objective on shares of Wajax from C$28.00 to C$34.00 and gave the company a "hold" rating in a research report on Wednesday, March 4th. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of C$34.75.

Wajax Price Performance

TSE WJX opened at C$33.66 on Monday. Wajax has a twelve month low of C$15.55 and a twelve month high of C$34.88. The company has a debt-to-equity ratio of 78.49, a quick ratio of 0.71 and a current ratio of 2.14. The stock has a market capitalization of C$731.97 million, a PE ratio of 16.11, a P/E/G ratio of 0.50 and a beta of 0.66. The stock has a 50-day simple moving average of C$29.38 and a 200 day simple moving average of C$26.75.

Wajax (TSE:WJX - Get Free Report) last posted its earnings results on Tuesday, March 3rd. The company reported C$0.71 earnings per share for the quarter. Wajax had a return on equity of 10.91% and a net margin of 2.68%.The company had revenue of C$560.05 million for the quarter.

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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