Research Analysts Set Expectations for Wajax FY2026 Earnings

Key Points

• Scotiabank lowered its FY2026 EPS estimate for Wajax to C$3.13 from C$3.22, below the broader consensus estimate of C$3.49. The firm 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 12.07% return on equity and a 3.18% net margin.
• Analyst sentiment remains cautious, with an overall “Hold” consensus and an average price target of C$34.80. Shares opened at C$29.51, while director Jane Craighead recently increased her stake by purchasing 1,100 shares.

Wajax Co. (TSE:WJX - Free Report) - Research analysts at Scotiabank reduced their FY2026 earnings per share estimates for shares of Wajax in a report released on Wednesday, August 19th. Scotiabank analyst J. Goldman now anticipates that the company will post earnings per share of $3.13 for the year, down from their prior forecast of $3.22. Scotiabank currently has a "Sector Perform" rating and a $36.00 target price 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 issued its quarterly earnings data on Thursday, August 6th. The company reported C$0.82 EPS for the quarter. Wajax had a return on equity of 12.07% and a net margin of 3.18%.The company had revenue of C$515.67 million during the quarter.

Other equities research analysts have also issued research reports about the stock. TD reduced their price target on shares of Wajax from C$35.00 to C$34.00 and set a "hold" rating for the company in a research report on Monday, August 10th. National Bank Financial raised their price objective on shares of Wajax from C$34.00 to C$36.00 and gave the stock an "outperform" rating in a report on Monday, August 10th. One research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Wajax has an average rating of "Hold" and a consensus price target of C$34.80.

Wajax Trading Down 0.4%

Shares of TSE:WJX opened at C$29.51 on Friday. The stock has a market capitalization of C$642.73 million, a price-to-earnings ratio of 10.04, a PEG ratio of 0.50 and a beta of 0.44. 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 stock's 50-day simple moving average is C$31.65 and its two-hundred day simple moving average is C$31.16. Wajax has a 52-week low of C$22.43 and a 52-week high of C$35.00.

Insider Activity at Wajax

In related news, Director Jane Craighead acquired 1,100 shares of Wajax stock in a transaction dated Tuesday, May 26th. The stock was purchased at an average cost of C$28.84 per share, for a total transaction of C$31,724.00. Following the purchase, the director directly owned 11,900 shares of the company's stock, valued at approximately C$343,196. This trade represents a 10.19% increase in their position. 0.97% of the stock is owned by company insiders.

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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