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An update from Austin Engineering ( (AU:ANG) ) is now available.
Austin Engineering has updated its financial guidance for FY25, projecting an increase in revenue to approximately $370 million, an 18% rise from FY24, driven by strong performance in the Americas, particularly in the USA and Chile. However, the underlying EBIT forecast has been adjusted to around $41 million due to challenges in fulfilling a major contract in Chile, which has led to a strategic shift in production to its Batam facility. This move is expected to improve project margins over time. The company remains optimistic about its growth potential, supported by a robust order book exceeding $200 million and ongoing investments in global capacity expansion.
The most recent analyst rating on (AU:ANG) stock is a Buy with a A$0.60 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 is a global engineering company with over 50 years of experience partnering with mining companies, contractors, and original equipment manufacturers. It specializes in the design and manufacture of loading and hauling solutions, such as off-highway dump truck bodies, buckets, water tanks, and related attachments, for both open-cut and underground mining operations. The company also offers repair and maintenance services and spare parts, aiming to enhance productivity and safety while reducing operational costs. Headquartered in Perth, Austin operates worldwide, including in Australia, USA, Chile, and Indonesia.
Average Trading Volume: 1,227,011
Technical Sentiment Signal: Sell
Current Market Cap: A$226.5M
For a thorough assessment of ANG stock, go to TipRanks’ Stock Analysis page.