Wajax Corp (WJX) Releases Quarterly Earnings, Meets Expectations
Wajax Corp (TSE:WJX) announced its earnings results on Thursday. The company reported $0.72 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.72, AnalystRatingsNetwork.com reports.
On a related note, analysts at Raymond James raised their price target on shares of Wajax Corp from C$36.50 to C$38.50 in a research note on Monday, July 21st. They now have a “market perform” rating on the stock. Seven equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Wajax Corp has an average rating of “Hold” and an average target price of C$36.81.
Shares of Wajax Corp (TSE:WJX) opened at 35.91 on Thursday. Wajax Corp has a one year low of $32.84 and a one year high of $39.56. The stock’s 50-day moving average is $35.2 and its 200-day moving average is $36.06. The company has a market cap of $602.5 million and a P/E ratio of 13.23.
The company also recently announced a Monthly dividend, which is scheduled for Wednesday, August 20th. Investors of record on Wednesday, August 20th will be paid a dividend of $0.20 per share. This represents a dividend yield of 6.8%. The ex-dividend date is Tuesday, July 29th.
Wajax Corporation (TSE:WJX), is engaged in the sale and after-sales parts and service support of equipment, power systems and industrial components.
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