FY2025 Earnings Forecast for Wajax Issued By Scotiabank

Wajax Co. (TSE:WJX) – Research analysts at Scotiabank decreased their FY2025 earnings per share estimates for Wajax in a note issued to investors on Wednesday, March 19th. Scotiabank analyst J. Goldman now expects that the company will earn $2.34 per share for the year, down from their previous estimate 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 dropped their target price on shares of Wajax from C$24.00 to C$22.00 and set a “buy” rating for the company in a report on Wednesday, March 5th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, Wajax has a consensus rating of “Hold” and a consensus target price of C$23.50.

Wajax Stock Performance

Shares of WJX opened at C$17.81 on Monday. The company has a quick ratio of 0.71, a current ratio of 2.10 and a debt-to-equity ratio of 116.61. Wajax has a 52-week low of C$16.50 and a 52-week high of C$34.70. The company has a 50-day simple moving average of C$19.87 and a 200-day simple moving average of C$22.09. The company has a market capitalization of C$389.23 million, a PE ratio of 7.30, a P/E/G ratio of 0.50 and a beta of 1.80.

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.