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The latest update is out from Austin Engineering ( (AU:ANG) ).
Austin Engineering has revised its FY26 revenue and EBIT forecasts due to several operational challenges, including issues with an OEM contract and disruptions in its Indonesian and Chilean operations. The company has implemented strategic measures to address these challenges, such as suspending new orders under the problematic contract, reducing workforce in Indonesia, and improving operational efficiencies in Chile and North America. Despite the revised guidance, Austin remains confident in its business strategy and future profitability, supported by ongoing demand and strategic adjustments.
The most recent analyst rating on (AU:ANG) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Austin Engineering stock, see the AU:ANG Stock Forecast page.
More about Austin Engineering
Austin Engineering Limited operates in the engineering sector, focusing on manufacturing and supplying customized mining equipment. The company is known for its large contracts and solid order book across various facilities, with a significant market presence in North and South America, Indonesia, and Australia.
Average Trading Volume: 3,719,671
Technical Sentiment Signal: Sell
Current Market Cap: A$166.2M
For detailed information about ANG stock, go to TipRanks’ Stock Analysis page.