Wajax (TSE:WJX – Get Rating) last posted its earnings results on Monday, March 7th. The company reported C$0.32 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.57 by C($0.25). The company had revenue of C$402.80 million during the quarter.
Shares of WJX opened at C$19.40 on Friday. The company has a debt-to-equity ratio of 82.48, a current ratio of 1.85 and a quick ratio of 0.75. Wajax has a one year low of C$18.73 and a one year high of C$29.67. The company has a 50-day simple moving average of C$20.44 and a two-hundred day simple moving average of C$22.78. The firm has a market capitalization of C$417.70 million and a PE ratio of 8.02.
Several analysts have commented on the stock. TD Securities lowered their price objective on shares of Wajax from C$34.00 to C$27.00 and set a “buy” rating for the company in a report on Wednesday, March 9th. Raymond James lowered their target price on shares of Wajax from C$30.00 to C$29.00 and set an “outperform” rating for the company in a report on Tuesday, March 8th. Finally, Scotiabank lowered their target price on shares of Wajax from C$30.00 to C$28.00 in a report on Wednesday, March 9th.
About Wajax (Get Rating)
Wajax Corporation provides sales, parts, and services to construction, forestry, mining, industrial/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; engines and transmissions; and feller bunchers, felling heads, flail debarkers, forestry processors, forwarders, grinders, log loaders, skidders, track and wheel harvesters, and wood chippers.
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