National Bank Financial Weighs in on Wajax FY2024 Earnings

Wajax Co. (TSE:WJX) – Stock analysts at National Bank Financial dropped their FY2024 EPS estimates for Wajax in a research note issued on Monday, November 4th. National Bank Financial analyst M. Sytchev now forecasts that the company will post earnings of $2.42 per share for the year, down from their prior estimate of $3.11. National Bank Financial currently has a “Hold” rating on the stock. The consensus estimate for Wajax’s current full-year earnings is $3.49 per share. National Bank Financial also issued estimates for Wajax’s Q4 2024 earnings at $0.38 EPS and FY2025 earnings at $2.66 EPS.

A number of other analysts have also recently commented on WJX. Scotiabank cut their price target on shares of Wajax from C$29.00 to C$24.00 in a research report on Wednesday. BMO Capital Markets cut their price target on shares of Wajax from C$28.00 to C$24.00 in a research report on Wednesday. TD Securities cut their price target on shares of Wajax from C$30.00 to C$24.00 and set a “buy” rating on the stock in a research report on Wednesday. Finally, National Bankshares set a C$26.00 price target on shares of Wajax and gave the company a “sector perform” rating in a research report on Friday, September 27th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, Wajax presently has an average rating of “Hold” and a consensus target price of C$24.50.

Wajax Stock Performance

Shares of Wajax stock opened at C$21.42 on Thursday. The company has a quick ratio of 0.71, a current ratio of 1.91 and a debt-to-equity ratio of 103.38. Wajax has a twelve month low of C$20.44 and a twelve month high of C$34.96. The stock has a market cap of C$465.46 million, a price-to-earnings ratio of 6.84, a P/E/G ratio of 0.50 and a beta of 1.80. The company’s fifty day moving average is C$24.94 and its 200 day moving average is C$26.00.

Wajax (TSE:WJX) last issued its quarterly earnings data on Thursday, August 8th. The company reported C$1.06 earnings per share for the quarter. Wajax had a net margin of 3.32% and a return on equity of 14.06%. The company had revenue of C$568.30 million for the quarter.

Wajax Company Profile

Wajax Corporation provides equipment, parts, and services to construction, forestry, mining, industrial and 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; marine, off and on highway engines, and transmissions; and feller bunchers, felling heads, flail debarkers, forwarders, grinders, harvesting heads, log loaders, mulchers, skidders, track and wheel harvesters, and woodchippers.