Scotiabank Has Negative Forecast for Wajax FY2026 Earnings

Wajax Co. (TSE:WJX) – Equities research analysts at Scotiabank decreased their FY2026 EPS estimates for Wajax in a research note issued on Wednesday, August 19th. Scotiabank analyst J. Goldman now anticipates that the company will post earnings of $3.13 per share for the year, down from their previous forecast of $3.22. Scotiabank has a “Sector Perform” rating and a $36.00 price objective on the stock. The consensus estimate for Wajax’s current full-year earnings is $3.49 per share.

WJX has been the subject of several other research reports. TD dropped their target price on shares of Wajax from C$35.00 to C$34.00 and set a “hold” rating for the company in a report on Monday, August 10th. National Bank Financial boosted their price objective on Wajax from C$34.00 to C$36.00 and gave the company an “outperform” rating in a research report on Monday, August 10th. One research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of C$34.80.

Wajax Stock Down 0.4%

Shares of WJX stock opened at C$29.51 on Friday. The company has a debt-to-equity ratio of 66.87, a current ratio of 1.92 and a quick ratio of 0.71. Wajax has a one year low of C$22.43 and a one year high of C$35.00. The company’s fifty day moving average price is C$31.65 and its 200-day moving average price is C$31.16. The company has a market capitalization of C$642.73 million, a price-to-earnings ratio of 10.04, a PEG ratio of 0.50 and a beta of 0.44.

Wajax (TSE:WJX) last announced its quarterly earnings data on Thursday, August 6th. The company reported C$0.82 earnings per share (EPS) for the quarter. The firm had revenue of C$515.67 million during the quarter. Wajax had a net margin of 3.18% and a return on equity of 12.07%.

Insiders Place Their Bets

In related news, Director Jane Craighead purchased 1,100 shares of Wajax stock in a transaction on Tuesday, May 26th. The shares were bought at an average cost of C$28.84 per share, for a total transaction of C$31,724.00. Following the acquisition, the director owned 11,900 shares in the company, valued at approximately C$343,196. The trade was a 10.19% increase in their position. Insiders own 0.97% of the company’s stock.

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.