Scotiabank Brokers Decrease Earnings Estimates for Wajax

Wajax Co. (TSE:WJX) – Stock analysts at Scotiabank dropped their FY2025 earnings estimates for shares of Wajax in a research note issued on Wednesday, March 19th. Scotiabank analyst J. Goldman now expects that the company will post earnings of $2.34 per share for the year, down from their prior forecast of $2.67. Scotiabank has a “Sector Perform” rating and a $22.00 price objective on the stock. The consensus estimate for Wajax’s current full-year earnings is $3.49 per share.

Separately, TD Securities cut their target price on Wajax from C$24.00 to C$22.00 and set a “buy” rating for the company in a research note on Wednesday, March 5th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of C$23.50.

Wajax Price Performance

Shares of TSE WJX opened at C$17.91 on Monday. The company has a debt-to-equity ratio of 116.61, a quick ratio of 0.71 and a current ratio of 2.10. Wajax has a fifty-two week low of C$16.50 and a fifty-two week high of C$34.70. The stock has a market cap of C$391.41 million, a PE ratio of 7.34, a price-to-earnings-growth ratio of 0.50 and a beta of 1.80. The stock has a fifty day moving average of C$19.92 and a 200-day moving average of C$22.14.

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.