Stocks in Focus ( Fred’s, Toll Brothers , American Eagle Outfitters,Fidelity National Information )

Fidelity National Information (FIS) is likely to react to its announcement that its board has authorized a leveraged recapitalization plan pursuant to which it will buy up to $2.5 billion of its shares at a price between $29 and $31 through a modified Dutch auction tender offer.

The company expects to raise $2.5 million meant for the buyback through debt raised in the form of additional term loans and long-term bonds.

http://www.fisglobal.com/index.htm

http://www.google.com/finance?q=NYSE:FIS

Brown Shoe (BWS) is likely to see some activity after it reported that its first quarter sales rose 10.9% to $597.7 million.

On an adjusted basis, the company reported earnings of 26 cents per share compared to a loss of 14 cents per share last year. Analysts estimated earnings of 13 cents per share on revenues of $582.94 million.

For the full year, Brown Shoe expects net sales geowth in the high single to low double-digit range, with second quarter sales expected to increase in the low to mid-teens range. Analysts estimate sales growth of 6.30% for the year and 8.70% for the second quarter.

http://www.brownshoe.com/

http://www.google.com/finance?q=NYSE:BWS

Fred’s (FRED) could move in reaction to its announcement that its first quarter earnings came in flat at 21 cents per share. Net sales rose 2.9% to $471.65 million. The consensus estimates called for earnings of 20 cents per share on revenues of $468.90 million.

http://www.fredsinc.com/

http://www.google.com/finance?q=NASDAQ:FRED

Toll Brothers (TOL) may also be in focus after it reported a loss of 24 cents per share for its second quarter compared to a loss of 52 cents per share last year. Revenues fell 22% to $311.3 million. Analysts estimated a loss of 23 cents per share on revenues of $321.94 million.

http://www.tollbrothers.com

http://www.google.com/finance?q=NYSE:TOL

American Eagle Outfitters (AEO) is expected to show activity after it reported first quarter adjusted earnings of 17 cents per share compared to earnings of 11 cents per share last year. Net sales rose to $659.45 million from the year-ago’s $611.99 million.

Analysts estimated earnings of 17 cents per share on revenues of $656.26 million. For the second quarter, the company expects adjusted earnings of 12-16 cents per share, while analysts estimate earnings of 21 cents per share.

http://www.ae.com

http://www.google.com/finance?q=NYSE:AEO