FY2024 Earnings Estimate for Wajax Issued By Scotiabank

Wajax Co. (TSE:WJX) – Scotiabank decreased their FY2024 earnings estimates for Wajax in a research note issued to investors on Wednesday, January 8th. Scotiabank analyst J. Goldman now anticipates that the company will earn $2.47 per share for the year, down from their previous forecast of $3.21. The consensus estimate for Wajax’s current full-year earnings is $3.49 per share. Scotiabank also issued estimates for Wajax’s FY2025 earnings at $2.67 EPS.

A number of other equities research analysts also recently commented on the company. BMO Capital Markets dropped their price objective on Wajax from C$28.00 to C$24.00 in a report on Wednesday, November 6th. National Bankshares set a C$26.00 price target on shares of Wajax and gave the company a “sector perform” rating in a research report on Friday, September 27th. TD Securities decreased their price objective on shares of Wajax from C$30.00 to C$24.00 and set a “buy” rating for the company in a report on Wednesday, November 6th. Finally, National Bank Financial upgraded shares of Wajax to a “hold” rating in a report on Thursday, September 26th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of C$24.50.

Wajax Stock Performance

Shares of Wajax stock opened at C$20.22 on Monday. Wajax has a 52 week low of C$20.11 and a 52 week high of C$34.96. The company has a debt-to-equity ratio of 103.38, a quick ratio of 0.71 and a current ratio of 1.91. The stock has a market capitalization of C$439.38 million, a price-to-earnings ratio of 6.46, a PEG ratio of 0.50 and a beta of 1.80. The firm has a fifty day moving average of C$21.78 and a two-hundred day moving average of C$24.10.

Wajax Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 7th. Shareholders of record on Monday, December 16th were paid a $0.35 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a $1.40 annualized dividend and a yield of 6.92%. Wajax’s payout ratio is currently 44.73%.

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.