Qantas's Switch to Share Buyback Surprises Bull -- Market Talk

Dow Jones

02/26

0149 GMT - Qantas's mix of shareholder returns surprises Jefferies somewhat. The airline announced A$450 million of returns, comprising a 19.8 Australian cent/share base dividend that amounts to A$300 million and a share buyback of up to A$150 million. Analyst Anthony Moulder didn't foresee the switch to a buyback. Still, it suggests that Qantas sees its share price as continuing to significantly undervalue the company. "The strength of the balance sheet allows for some increase in the base dividend, despite the expected step-up in FY 2027 capex expectations," Jefferies adds. Qantas falls 7.3% to A$9.87 today. Jefferies had a buy call and A$13.27/share price target on its stock ahead of the 1H result. (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

February 25, 2026 20:49 ET (01:49 GMT)

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The airline announced A$450 million of returns, comprising a 19.8 Australian cent/share base dividend that amounts to A$300 million and a share buyback of up to A$150 million. Analyst Anthony Moulder didn't foresee the switch to a buyback. Still, it suggests that Qantas sees its share price as continuing to significantly undervalue the company. \"The strength of the balance sheet allows for some increase in the base dividend, despite the expected step-up in FY 2027 capex expectations,\" Jefferies adds. Qantas falls 7.3% to A$9.87 today. Jefferies had a buy call and A$13.27/share price target on its stock ahead of the 1H result. (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 25, 2026 20:49 ET (01:49 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Qantas's Switch to Share Buyback Surprises Bull -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nQantas's Switch to Share Buyback Surprises Bull -- Market Talk\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\" \">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time smaller\">2026-02-26 09:49</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0149 GMT - Qantas's mix of shareholder returns surprises Jefferies somewhat. The airline announced A$450 million of returns, comprising a 19.8 Australian cent/share base dividend that amounts to A$300 million and a share buyback of up to A$150 million. Analyst Anthony Moulder didn't foresee the switch to a buyback. Still, it suggests that Qantas sees its share price as continuing to significantly undervalue the company. \"The strength of the balance sheet allows for some increase in the base dividend, despite the expected step-up in FY 2027 capex expectations,\" Jefferies adds. Qantas falls 7.3% to A$9.87 today. Jefferies had a buy call and A$13.27/share price target on its stock ahead of the 1H result. (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 25, 2026 20:49 ET (01:49 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"QAN.AU","symbol_name":"QANTAS AIRWAYS LIMITED","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2614061300","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2614061300","pubTimestamp":1772070540,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0149 GMT - Qantas's mix of shareholder returns surprises Jefferies somewhat. The airline announced A$450 million of returns, comprising a 19.8 Australian cent/share base dividend that amounts to A$300 million and a share buyback of up to A$150 million. Analyst Anthony Moulder didn't foresee the switch to a buyback. Still, it suggests that Qantas sees its share price as continuing to significantly undervalue the company. \"The strength of the balance sheet allows for some increase in the base dividend, despite the expected step-up in FY 2027 capex expectations,\" Jefferies adds. Qantas falls 7.3% to A$9.87 today. Jefferies had a buy call and A$13.27/share price target on its stock ahead of the 1H result. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"QAN.AU":"QANTAS AIRWAYS LIMITED","LU1093756168.USD":"FRANKLIN K2 ALTERNATIVE STRATEGIES \"A\" (USD) ACC","BK4513":"直播概念","SWCH":"Switch Inc.","BK4116":"互联网服务与基础架构","BK7030":"航空公司","LU1093756325.SGD":"FTIF - Franklin K2 Alt Strat Fd A (acc) SGD-H1"},"translate_title":"澳洲航空转向股票回购令牛市感到意外——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SWCH":1.5,"QAN.AU":0.9},"content_text":"0149 GMT - Qantas's mix of shareholder returns surprises Jefferies somewhat. The airline announced A$450 million of returns, comprising a 19.8 Australian cent/share base dividend that amounts to A$300 million and a share buyback of up to A$150 million. Analyst Anthony Moulder didn't foresee the switch to a buyback. Still, it suggests that Qantas sees its share price as continuing to significantly undervalue the company. \"The strength of the balance sheet allows for some increase in the base dividend, despite the expected step-up in FY 2027 capex expectations,\" Jefferies adds. Qantas falls 7.3% to A$9.87 today. Jefferies had a buy call and A$13.27/share price target on its stock ahead of the 1H result. (david.winning@wsj.com; @dwinningWSJ) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  February 25, 2026 20:49 ET (01:49 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}