Wajax (TSE:WJX – Free Report) had its price objective trimmed by BMO Capital Markets from C$32.00 to C$30.00 in a research report sent to investors on Wednesday morning, BayStreet.CA reports.
Several other equities research analysts have also recently issued reports on the stock. TD Securities cut their price objective on shares of Wajax from C$37.00 to C$34.00 and set a buy rating for the company in a research report on Monday, May 6th. Scotiabank decreased their price objective on Wajax from C$37.00 to C$35.00 and set an outperform rating on the stock in a report on Friday, May 3rd.
View Our Latest Stock Report on WJX
Wajax Stock Performance
Wajax (TSE:WJX – Get Free Report) last posted its quarterly earnings results on Wednesday, May 1st. The company reported C$0.58 earnings per share (EPS) for the quarter. Wajax had a return on equity of 16.32% and a net margin of 3.69%. The business had revenue of C$482.30 million during the quarter. As a group, sell-side analysts expect that Wajax will post 3.5283784 EPS for the current fiscal year.
Wajax Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 3rd. Stockholders of record on Friday, June 14th were issued a $0.35 dividend. The ex-dividend date of this dividend was Friday, June 14th. This represents a $1.40 annualized dividend and a dividend yield of 5.24%. Wajax’s dividend payout ratio is currently 39.89%.
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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