Scotiabank Has Positive Estimate for Wajax FY2026 Earnings

Wajax Co. (TSE:WJX) – Research analysts at Scotiabank increased their FY2026 earnings estimates for shares of Wajax in a report released on Thursday, October 22nd. Scotiabank analyst J. Goldman now forecasts that the company will post earnings per share of $3.20 for the year, up from their prior estimate of $3.13. 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) last announced its quarterly earnings results on Thursday, August 6th. The company reported C$0.82 earnings per share for the quarter. Wajax had a net margin of 3.18% and a return on equity of 12.07%. The firm had revenue of C$515.67 million during the quarter.

A number of other research analysts have also recently commented on the company. Stifel Nicolaus set a C$45.00 price objective on Wajax and gave the stock a “buy” rating in a research note on Wednesday, September 30th. National Bank Financial increased their target price on Wajax from C$36.00 to C$42.00 and gave the company an “outperform” rating in a research note on Thursday, October 15th. Finally, TD dropped their target price on Wajax from C$35.00 to C$34.00 and set a “hold” rating on the stock in a report on Monday, August 10th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$37.50.

Wajax Trading Down 0.6%

TSE:WJX opened at C$36.03 on Monday. The business’s 50-day moving average is C$33.23 and its two-hundred day moving average is C$31.49. The company has a debt-to-equity ratio of 66.87, a current ratio of 1.92 and a quick ratio of 0.71. Wajax has a 12 month low of C$24.40 and a 12 month high of C$40.00. The firm has a market capitalization of C$784.73 million, a PE ratio of 12.26, a price-to-earnings-growth ratio of 0.50 and a beta of 0.18.

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.