National Bank Financial Expects Weaker Earnings for Wajax

Wajax Co. (TSE:WJX - Free Report) - National Bank Financial lowered their Q2 2025 earnings per share (EPS) estimates for Wajax in a research report issued on Monday, May 5th. National Bank Financial analyst M. Sytchev now anticipates that the company will post earnings of $0.68 per share for the quarter, down from their previous forecast of $0.76. The consensus estimate for Wajax's current full-year earnings is $3.49 per share. National Bank Financial also issued estimates for Wajax's FY2026 earnings at $2.59 EPS.

Other equities analysts have also recently issued reports about the company. National Bankshares lowered their price target on Wajax from C$22.00 to C$20.00 and set a "sector perform" rating on the stock in a report on Wednesday, April 9th. TD Securities raised their target price on Wajax from C$21.00 to C$24.00 and gave the stock a "buy" rating in a report on Wednesday, May 7th. BMO Capital Markets increased their price target on Wajax from C$20.00 to C$22.00 in a research note on Tuesday, May 6th. Finally, Scotiabank raised their price objective on Wajax from C$22.00 to C$23.50 and gave the company a "sector perform" rating in a research report on Wednesday, May 7th.

Wajax Stock Up 0.5%

Shares of WJX stock traded up C$0.11 during midday trading on Wednesday, reaching C$22.33. 42,407 shares of the stock were exchanged, compared to its average volume of 69,866. The company has a current ratio of 2.10, a quick ratio of 0.71 and a debt-to-equity ratio of 116.61. The firm has a market cap of C$488.01 million, a PE ratio of 9.15, a price-to-earnings-growth ratio of 0.50 and a beta of 1.80. The company's 50 day moving average is C$17.71 and its two-hundred day moving average is C$20.29. Wajax has a 1 year low of C$15.55 and a 1 year high of C$27.49.

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.