Q3 2019 EPS Estimates for Wajax Corp Decreased by Raymond James (TSE:WJX)

Wajax Corp (TSE:WJX) – Raymond James dropped their Q3 2019 earnings per share (EPS) estimates for Wajax in a note issued to investors on Monday, August 12th. Raymond James analyst B. Cherniavsky now forecasts that the company will post earnings per share of $0.49 for the quarter, down from their previous forecast of $0.54. Raymond James has a “Market Perform” rating and a $17.50 price objective on the stock. Raymond James also issued estimates for Wajax’s Q4 2019 earnings at $0.51 EPS.

Several other equities analysts also recently commented on WJX. BMO Capital Markets reiterated a “market perform” rating and issued a C$17.00 target price on shares of Wajax in a research report on Thursday, June 20th. Royal Bank of Canada increased their target price on Wajax from C$22.00 to C$24.00 and gave the company an “outperform” rating in a research report on Monday.

Wajax stock opened at C$14.74 on Wednesday. The company has a current ratio of 2.25, a quick ratio of 0.81 and a debt-to-equity ratio of 126.82. The company has a market capitalization of $294.86 million and a PE ratio of 8.52. Wajax has a 12 month low of C$14.10 and a 12 month high of C$28.17. The stock has a 50-day moving average price of C$15.31 and a two-hundred day moving average price of C$16.54.

Wajax Company Profile

Wajax Corporation, an integrated distribution company, provides sales, parts, and services to transportation, forestry, industrial and commercial, construction, oil sands, mining, metal processing, government, utilities, and oil and gas sectors. The company provides construction, material-handling, crane and utility, forestry, and mining and oil sands equipment.

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Earnings History and Estimates for Wajax (TSE:WJX)

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