Wajax Co. (TSE:WJX – Free Report) – Scotiabank dropped their FY2024 earnings estimates for Wajax in a report released on Wednesday, January 8th. Scotiabank analyst J. Goldman now anticipates that the company will post earnings per share of $2.47 for the year, down from their prior estimate 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.
Several other brokerages have also recently commented on WJX. National Bank Financial upgraded shares of Wajax to a “hold” rating in a research note on Thursday, September 26th. 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, November 6th. TD Securities cut their price target on Wajax from C$30.00 to C$24.00 and set a “buy” rating on the stock in a research report on Wednesday, November 6th. Finally, National Bankshares set a C$26.00 price objective on Wajax and gave the company a “sector perform” rating in a research note on Friday, September 27th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, Wajax has an average rating of “Hold” and an average target price of C$24.50.
Wajax Stock Performance
Shares of WJX stock opened at C$20.34 on Monday. Wajax has a 1 year low of C$20.05 and a 1 year high of C$34.96. The business has a fifty day moving average of C$21.69 and a 200 day moving average of C$24.08. The company has a debt-to-equity ratio of 103.38, a current ratio of 1.91 and a quick ratio of 0.71. The firm has a market capitalization of C$441.99 million, a price-to-earnings ratio of 6.50, a price-to-earnings-growth ratio of 0.50 and a beta of 1.80.
Wajax Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, January 7th. Investors of record on Monday, December 16th were issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 6.88%. The ex-dividend date was Monday, December 16th. Wajax’s dividend payout ratio (DPR) is presently 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.
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