Scotiabank Has Bullish Estimate for Wajax FY2026 Earnings

Key Points

• Scotiabank raised its FY2026 EPS estimate for Wajax to $3.42 (from $3.39) and maintains a "Sector Perform" rating with a C$38.00 price target.
• Analyst views are mixed: National Bank upgraded Wajax to "Outperform" with a C$37 target, while BMO and TD set C$34 targets; the consensus rating is "Hold" with an average target of C$35.75.
• Wajax shares trade near C$33.94 (52‑week range C$17.99–C$34.88) with a market cap of C$740.5M and P/E of 13.16; last quarter EPS was C$0.65 on C$502.07M in revenue.

Wajax Co. (TSE:WJX - Free Report) - Equities researchers at Scotiabank lifted their FY2026 EPS estimates for Wajax in a research note issued to investors on Friday, May 1st. Scotiabank analyst J. Goldman now anticipates that the company will post earnings of $3.42 per share for the year, up from their prior forecast of $3.39. Scotiabank has a "Sector Perform" rating and a $38.00 price objective on the stock. The consensus estimate for Wajax's current full-year earnings is $3.49 per share.

A number of other equities research analysts also recently weighed in on the stock. National Bank Financial upgraded shares of Wajax from a "hold" rating to an "outperform" rating and lifted their price target for the stock from C$27.00 to C$37.00 in a research note on Tuesday, March 3rd. BMO Capital Markets reduced their target price on shares of Wajax from C$40.00 to C$34.00 and set a "market perform" rating on the stock in a research note on Wednesday, March 4th. Finally, TD Securities boosted their target price on shares of Wajax from C$28.00 to C$34.00 and gave the company a "hold" rating in a research note on Wednesday, March 4th. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of C$35.75.

Wajax Stock Down 1.1%

WJX opened at C$33.94 on Tuesday. Wajax has a fifty-two week low of C$17.99 and a fifty-two week high of C$34.88. The company has a debt-to-equity ratio of 78.49, a current ratio of 2.14 and a quick ratio of 0.71. The firm's fifty day moving average price is C$32.32 and its two-hundred day moving average price is C$29.10. The company has a market capitalization of C$740.50 million, a P/E ratio of 13.16, a P/E/G ratio of 0.50 and a beta of 0.59.

Wajax (TSE:WJX - Get Free Report) last posted its quarterly earnings results on Monday, May 4th. The company reported C$0.65 earnings per share for the quarter. Wajax had a net margin of 2.68% and a return on equity of 10.91%. The firm had revenue of C$502.07 million for the quarter.

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.

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