What is Scotiabank’s Forecast for Wajax FY2027 Earnings?

Wajax Co. (TSE:WJX) – Scotiabank issued their FY2027 earnings per share (EPS) estimates for Wajax in a report issued on Thursday, March 5th. Scotiabank analyst J. Goldman expects that the company will post earnings per share of $3.70 for the year. Scotiabank has a “Sector Perform” rating and a $34.00 price target on the stock. The consensus estimate for Wajax’s current full-year earnings is $3.49 per share.

A number of other equities analysts have also recently weighed in on the stock. BMO Capital Markets lowered their price objective on shares of Wajax from C$40.00 to C$34.00 and set a “market perform” rating for the company in a research report on Wednesday. TD Securities increased their target price on shares of Wajax from C$28.00 to C$34.00 and gave the stock a “hold” rating in a report on Wednesday. Finally, National Bank Financial upgraded shares of Wajax from a “hold” rating to an “outperform” rating and boosted their price target for the stock from C$27.00 to C$37.00 in a research note on Tuesday. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of C$34.75.

Wajax Trading Down 0.3%

Shares of WJX stock opened at C$33.66 on Friday. Wajax has a 1-year low of C$15.55 and a 1-year high of C$34.88. The firm has a market cap of C$731.97 million, a PE ratio of 16.11, a price-to-earnings-growth ratio of 0.50 and a beta of 0.66. The company has a 50-day moving average of C$29.38 and a two-hundred day moving average of C$26.70. The company has a debt-to-equity ratio of 78.49, a current ratio of 2.14 and a quick ratio of 0.71.

Wajax (TSE:WJX) last announced its quarterly earnings results on Tuesday, March 3rd. The company reported C$0.71 earnings per share (EPS) for the quarter. Wajax had a net margin of 2.68% and a return on equity of 10.91%. The business had revenue of C$560.05 million during the quarter.

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.