What is Scotiabank’s Forecast for Wajax FY2026 Earnings?

Wajax Co. (TSE:WJX) – Analysts at Scotiabank cut their FY2026 earnings per share (EPS) estimates for Wajax in a note issued to investors on Thursday, March 5th. Scotiabank analyst J. Goldman now expects that the company will post earnings per share of $3.39 for the year, down from their prior forecast of $3.46. Scotiabank currently has a “Sector Perform” rating and a $34.00 target price on the stock. The consensus estimate for Wajax’s current full-year earnings is $3.49 per share.

A number of other brokerages have also recently commented on WJX. TD Securities lifted their price objective on shares of Wajax from C$28.00 to C$34.00 and gave the stock a “hold” rating in a research note on Wednesday, March 4th. National Bank Financial upgraded Wajax from a “hold” rating to an “outperform” rating and lifted their price target for the stock from C$27.00 to C$37.00 in a research report on Tuesday, March 3rd. Finally, BMO Capital Markets decreased their price objective on Wajax from C$40.00 to C$34.00 and set a “market perform” rating on the stock in a research report on Wednesday, March 4th. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of C$34.75.

Wajax Trading Down 0.6%

WJX stock opened at C$33.46 on Monday. The firm has a fifty day moving average price of C$29.50 and a 200 day moving average price of C$26.82. Wajax has a fifty-two week low of C$15.55 and a fifty-two week high of C$34.88. The firm has a market cap of C$727.62 million, a PE ratio of 16.01, a price-to-earnings-growth ratio of 0.50 and a beta of 0.66. The company has a debt-to-equity ratio of 78.49, a quick ratio of 0.71 and a current ratio of 2.14.

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

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. It sells to leading manufacturer brands such as Hitachi, JCB, Bell, Hyster, Palfinger and other similar industries.