National Bank Financial Lowers Earnings Estimates for Wajax

Wajax Co. (TSE:WJX) – Research analysts at National Bank Financial decreased their FY2024 EPS estimates for shares of Wajax in a research note issued on Monday, November 4th. National Bank Financial analyst M. Sytchev now anticipates that the company will earn $2.42 per share for the year, down from their previous 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.

Other equities research analysts also recently issued reports about the company. Scotiabank dropped their price objective on Wajax from C$29.00 to C$24.00 in a report on Wednesday. TD Securities lowered their price objective on shares of Wajax from C$30.00 to C$24.00 in a research note on Wednesday. National Bankshares set a C$26.00 target price on Wajax and gave the stock a “sector perform” rating in a report on Friday, September 27th. Finally, BMO Capital Markets cut their target price on shares of Wajax from C$28.00 to C$24.00 in a research report on Wednesday. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of C$24.50.

Wajax Price Performance

Shares of TSE WJX opened at C$21.00 on Thursday. The company’s 50-day moving average price is C$25.02 and its 200 day moving average price is C$26.03. The stock has a market cap of C$456.33 million, a price-to-earnings ratio of 6.71, a PEG ratio of 0.50 and a beta of 1.80. The company has a current ratio of 1.91, a quick ratio of 0.71 and a debt-to-equity ratio of 103.38. Wajax has a 52 week low of C$20.44 and a 52 week high of C$34.96.

Wajax (TSE:WJX) last announced its quarterly earnings data on Thursday, August 8th. The company reported C$1.06 earnings per share (EPS) 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.