Company Update: Apple Inc (NASDAQ:AAPL) – Global Payments Announces Support for Apple Pay in Singapore

[Business Wire] – ATLANTA & SINGAPORE–(BUSINESSWIRE)– Global Payments Inc. (NYSE:GPN – News), a leading worldwide provider of payment technology services, is pleased to offer merchants in Singapore the ability to accept credit and debit card payments via Apple Pay™, which is transforming mobile payments with an easy, secure and private way to pay that’s fast and convenient. Global Payments’ robust suite of payments solutions are fully enabled in Singapore, allowing in-store as well as iOS app merchants to offer their customers the convenience of paying quickly and easily with Apple Pay. Security and privacy is at the core of Apple Pay. Read more on this. Apple Inc. (AAPL) , with a current value of $544.73B, opened this morning at $98.67. Today’s price range has been between $98.11 and $99.74 per share and has traded between $89.47 and $132.97 over the past 12 months. AAPL shares are currently priced at 11.82x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 11.19x forward p/e ratio. The company pays shareholders $2.28 per share annually in dividends, yielding 2.36%. In a review of the consensus earnings estimate this quarter, 36 sell-side analysts are looking at $1.40 per share, which would be $0.45 worse than the year-ago quarter and a $0.37 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $8.28, which would be a $0.94 worse when compared to the last year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $42.18 Billion. If realized, that would be a 14.96% decrease over the year-ago quarter. Recently, Needham Initiated AAPL at Strong Buy (Apr 6, 2016). Previously, Cowen upgraded AAPL from Market Perform to Outperform. When considering if perhaps the stock is under or overvalued, the average price target is $125.42, which is 27.11% above where the stock opened this morning. See more in (NASDAQ:AAPL) Similar Articles: Company Update: Apple Inc (NASDAQ:AAPL) – Skyworks Growth Threatened By ‘Unfavorable’ Apple iPhone Comparison Company Update: Apple Inc (NASDAQ:AAPL) – Apple, Facebook Among Top Technology Investment Choices Stock Update: Apple Inc (NASDAQ:AAPL) – Will Qualcomm Lose Out on Apple’s iPhone? (QCOM, AAPL)