National Bank Financial Expects Lower Earnings for Wajax

Wajax Co. (TSE:WJX) – Research analysts at National Bank Financial decreased their Q1 2025 earnings per share (EPS) estimates for shares of Wajax in a research report issued on Tuesday, March 4th. National Bank Financial analyst M. Sytchev now forecasts that the company will earn $0.59 per share 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.

A number of other brokerages have also recently weighed in on WJX. TD Securities reduced their price target on shares of Wajax from C$24.00 to C$22.00 and set a “buy” rating on the stock in a research report on Wednesday. BMO Capital Markets decreased their price target on shares of Wajax from C$28.00 to C$24.00 in a research report on Wednesday, November 6th. Finally, Scotiabank lowered Wajax from an “outperform” rating to a “sector perform” rating and cut their price objective for the company from C$24.00 to C$22.00 in a research report on Wednesday. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of C$23.50.

Wajax Stock Performance

Shares of TSE:WJX opened at C$17.60 on Thursday. The business has a 50-day moving average of C$20.76 and a two-hundred day moving average of C$22.82. The firm has a market capitalization of C$384.64 million, a PE ratio of 7.21, a P/E/G ratio of 0.50 and a beta of 1.80. Wajax has a 12 month low of C$16.50 and a 12 month high of C$34.70. The company has a debt-to-equity ratio of 116.61, a current ratio of 2.10 and a quick ratio of 0.71.

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.