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AAR Corp.

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AAR Corp.’s third-quarter fiscal 2017 earnings were in line with the Zacks Consensus Estimate, while net sales surpassed the mark. On a brighter note, both earnings and revenues were higher from the year-ago tally. AAR Corp. is the largest independent maintenance, repair and overhaul (MRO) provider in North America. Moving ahead, rising air traffic is expected to accelerate maintenance spending on aircraft significantly and drive the MRO services growth cycle. Although AAR Corp.’s share price outperformed the broader market over the last one year, a comparative analysis of the company’s P/E ratio reflects a relatively gloomy picture that might be a cause for its investors’ concern. However, the company operates in a highly competitive space and is subject to stringent government regulations. Any negative revision in the defense budget could also dampen its top line.

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