Wajax (WJX) Scheduled to Post Quarterly Earnings on Monday

Wajax (TSE:WJX) will release its earnings data after the market closes on Monday, November 4th. Analysts expect Wajax to post earnings of C$0.83 per share for the quarter.

Wajax (TSE:WJX) last released its earnings results on Thursday, August 8th. The company reported C$1.06 earnings per share (EPS) for the quarter. Wajax had a return on equity of 14.06% and a net margin of 3.32%. The firm had revenue of C$568.30 million during the quarter.

Wajax Stock Up 0.7 %

TSE WJX opened at C$24.89 on Friday. Wajax has a 12 month low of C$23.15 and a 12 month high of C$34.96. The company has a current ratio of 1.91, a quick ratio of 0.71 and a debt-to-equity ratio of 103.38. The stock has a market cap of C$540.86 million, a PE ratio of 7.95, a P/E/G ratio of 0.50 and a beta of 1.80. The stock’s 50 day moving average is C$25.22 and its 200 day moving average is C$26.33.

Wajax Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 2nd. Investors of record on Monday, September 16th were given a dividend of $0.35 per share. The ex-dividend date of this dividend was Monday, September 16th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 5.62%. Wajax’s dividend payout ratio is 44.73%.

Wall Street Analysts Forecast Growth

WJX has been the subject of several research reports. BMO Capital Markets dropped their price objective on shares of Wajax from C$32.00 to C$30.00 in a report on Wednesday, July 24th. Scotiabank set a C$29.00 price target on Wajax and gave the company a “sector perform” rating in a report on Wednesday, August 21st. National Bankshares set a C$26.00 price objective on Wajax and gave the stock a “sector perform” rating in a report on Friday, September 27th. National Bank Financial raised shares of Wajax to a “hold” rating in a report on Thursday, September 26th. Finally, TD Securities reduced their price target on shares of Wajax from C$34.00 to C$30.00 and set a “buy” rating on the stock in a research report on Tuesday, August 13th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of C$28.75.

Wajax Company Profile

Wajax Corporation provides equipment, parts, and services to construction, forestry, mining, industrial and commercial, oil sands, transportation, metal processing, government, utilities, and oil and gas sectors. The company offers compact excavators, dump trucks, excavators, wheel loaders, and wheeled excavators; aerial devices, boom lifts, cranes, digger derricks, drills, lifts, and material and scissor lifts; marine, off and on highway engines, and transmissions; and feller bunchers, felling heads, flail debarkers, forwarders, grinders, harvesting heads, log loaders, mulchers, skidders, track and wheel harvesters, and woodchippers.