National Bank Financial Predicts Reduced Earnings for Wajax

Wajax Co. (TSE:WJX) – Equities researchers at National Bank Financial lowered their Q1 2025 earnings estimates for Wajax in a report issued on Tuesday, March 4th. National Bank Financial analyst M. Sytchev now forecasts that the company will post earnings per share of $0.59 for the quarter, down from their prior forecast of $0.71. The consensus estimate for Wajax’s current full-year earnings is $3.49 per share. National Bank Financial also issued estimates for Wajax’s Q2 2025 earnings at $0.89 EPS, Q3 2025 earnings at $0.48 EPS, Q4 2025 earnings at $0.50 EPS, FY2025 earnings at $2.45 EPS and FY2026 earnings at $2.65 EPS.

Several other research analysts have also issued reports on WJX. Scotiabank lowered shares of Wajax from an “outperform” rating to a “sector perform” rating and decreased their price target for the stock from C$24.00 to C$22.00 in a research report on Wednesday. TD Securities cut their target price on Wajax from C$24.00 to C$22.00 and set a “buy” rating on the stock in a research report on Wednesday. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, Wajax currently has an average rating of “Hold” and a consensus price target of C$23.50.

Wajax Stock Performance

Shares of WJX opened at C$18.22 on Thursday. The company has a debt-to-equity ratio of 116.61, a current ratio of 2.10 and a quick ratio of 0.71. The firm’s 50 day moving average is C$20.68 and its 200-day moving average is C$22.77. Wajax has a 12-month low of C$16.50 and a 12-month high of C$34.70. The stock has a market capitalization of C$398.19 million, a P/E ratio of 7.47, a P/E/G ratio of 0.50 and a beta of 1.80.

About Wajax

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.