Wajax Co. (WJX) To Go Ex-Dividend on December 16th

Wajax Co. (TSE:WJX) declared a quarterly dividend on Wednesday, November 6th,Zacks Dividends reports. Shareholders of record on Monday, December 16th will be given a dividend of 0.35 per share on Tuesday, January 7th. This represents a $1.40 annualized dividend and a yield of 6.59%. The ex-dividend date is Monday, December 16th.

Wajax Price Performance

Shares of TSE:WJX traded down C$0.16 on Friday, hitting C$21.26. The company had a trading volume of 762 shares, compared to its average volume of 35,352. The company has a market cap of C$461.98 million, a PE ratio of 6.84, a PEG ratio of 0.50 and a beta of 1.80. The business has a 50 day moving average of C$24.94 and a 200 day moving average of C$26.00. Wajax has a 52-week low of C$20.44 and a 52-week high of C$34.96. 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 (TSE:WJX) last released its quarterly earnings results on Thursday, August 8th. The company reported C$1.06 earnings per share (EPS) for the quarter. The company had revenue of C$568.30 million for the quarter. Wajax had a net margin of 3.32% and a return on equity of 14.06%. As a group, equities analysts anticipate that Wajax will post 3.4850136 earnings per share for the current fiscal year.

Analyst Ratings Changes

WJX has been the topic of a number of analyst reports. National Bankshares set a C$26.00 target price on shares of Wajax and gave the stock a “sector perform” rating in a research report on Friday, September 27th. TD Securities reduced their target price on Wajax from C$30.00 to C$24.00 and set a “buy” rating on the stock in a research report on Wednesday. Scotiabank lowered their price target on Wajax from C$29.00 to C$24.00 in a report on Wednesday. BMO Capital Markets decreased their target price on shares of Wajax from C$28.00 to C$24.00 in a research report on Wednesday. Finally, National Bank Financial raised shares of Wajax to a “hold” rating in a research report on Thursday, September 26th. Four 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 a consensus rating of “Hold” and an average price target of C$24.50.

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.