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An announcement from Austal ( (AU:ASB) ) is now available.
Austal Limited has upgraded its FY2025 EBIT guidance to not less than A$100 million, up from the previous guidance of A$80 million. This revision is driven by strong business performance and the finalization of accounting treatment for its submarine modules manufacturing facility contract with General Dynamics Electric Boat. The updated guidance is still subject to the completion of the annual audit.
The most recent analyst rating on (AU:ASB) stock is a Hold with a A$5.18 price target. To see the full list of analyst forecasts on Austal stock, see the AU:ASB Stock Forecast page.
More about Austal
Austal is a global shipbuilder and defence prime contractor based in Australia, known for designing, constructing, and sustaining advanced commercial and defence vessels. With over 35 years of experience, Austal has delivered more than 350 vessels to 122 operators across 59 countries. It is Australia’s largest defence exporter and the first ASX-listed shipbuilder, with shipyards in Australia, the USA, the Philippines, and Vietnam, and service centres worldwide. Austal specializes in aluminium shipbuilding and also constructs ships in steel, including submarine modules.
YTD Price Performance: 107.42%
Average Trading Volume: 1,329,006
Technical Sentiment Signal: Buy
Current Market Cap: A$2.7B
Learn more about ASB stock on TipRanks’ Stock Analysis page.