FY2026 Earnings Forecast for Wajax Issued By Scotiabank

Wajax Co. (TSE:WJX) – Equities research analysts at Scotiabank lowered their FY2026 earnings estimates for Wajax in a report issued 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 previous estimate 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 equities analysts have also commented on the company. National Bank Financial raised Wajax from a “hold” rating to an “outperform” rating and boosted their price objective for the stock from C$27.00 to C$37.00 in a research note on Tuesday, March 3rd. BMO Capital Markets lowered their target price on Wajax from C$40.00 to C$34.00 and set a “market perform” rating for the company in a research note on Wednesday, March 4th. Finally, TD Securities lifted their price target on Wajax from C$28.00 to C$34.00 and gave the company a “hold” rating in a report on Wednesday, March 4th. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of C$34.75.

Wajax Trading Down 0.3%

WJX stock opened at C$33.66 on Monday. The business has a fifty day moving average price of C$29.38 and a 200 day moving average price of C$26.75. Wajax has a fifty-two week low of C$15.55 and a fifty-two week high of C$34.88. The stock has a market capitalization of C$731.97 million, a price-to-earnings ratio of 16.11, a P/E/G ratio of 0.50 and a beta of 0.66. The company has a debt-to-equity ratio of 78.49, a current ratio of 2.14 and a quick ratio of 0.71.

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

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.